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Financial Experts Advise British Students to Avoid Loan Bankruptcy.

By Jenny Little, Financial Mail on Sunday, London Knight Ridder/Tribune Business News

Feb. 15--Students are being advised not to jump on the bankruptcy bandwagon after it was revealed that the numbers doing so have more than tripled in the past 12 months.

Figures from the Student Loans Company suggest that 900 filed for bankruptcy to escape their debts last year, compared with 276 in 2002.

But students are advised to avoid bankruptcy as it can affect their credit rating and even career prospects. Keith Stevens, insolvency partner at accountancy

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