Many university leavers are facing a bleak future with the number of graduate jobs on offer down by almost 30 percent on last year.
For many students the mountain of debt involved in going to university is balanced out by the prospect of getting a decent job.
But in the worst figures for over a decade, it is expected that 10 percent, that’s up to 40,000 graduates, will be unemployed for at least the first six months after they leave university.
More than 5,500 graduate jobs that were on offer have now been revoked before the employer even completed the recruitment process.
Financial life for current or starting students is no rosier. The government has yet again hiked up tuition fees, to £3,290, a rise of over 2 percent.
And in another blow to working class students, loans and grants are to be frozen at the same level as last year.
The government is also trying to save money from working class students who need financial support at university.
Students who received £30 a week education maintenance allowance (EMA) to help them survive at a further education college were previously immediately entitled to grants if they went on to study at university.
Those students will now be heavily means-tested before they get any funding.
The cap on university places is also going to cause problems.
Last year 44,000 students found university places through clearing.
This year it is expected to plummet to as few as 16,000 as places are cut.