Of the first set of university students to pay up to £9,000 for tuition fees per year, 47% have moved back in with their parents to save money, while 52% of 2015 graduates believe their degree was not worth the fees they paid.
The research comes from a new NUS report, which also showed a staggering 71% of 2015 graduates were worried about student debt, and 78% are worried the government will change the terms of their debt, resulting in them paying back more.
And it's not just debt for tuition fees that students have amassed - 60% still had debt left over from just living during their time as a student, with 46% accumulating more debt since finishing their studies.
Graduates who have moved back home are more likely to be unemployed or in part-time employment, according to the study, but 43% of those with a full-time job are now living back at home, too.
And the research is split on gender lines, with three times more male graduates earning over £30,000 a year than women, and twice the number of women than men earning less than £15,000 a year.
It comes as Universities Minister Jo Johnson promised to drive up the quality of degree courses in England. Johnson also said the Government will reduce the fees of poorly performing universities, but those which can prove they are excelling will be allowed to increase theirs by £1,000.
It tops a bad month for prospective students, with another report claiming the benefits of going to university are now outweighed by the negatives.