Money Matters
Aug 13 2009
One of the most off-putting aspects of going to university can be the prospect of high levels of debt once you've graduated.
But that debt doesn't have to be out of control, according to Martin Lewis, of moneysavingexpert.com
He says: "During an interview, a BBC reporter asked me what I'd tell students to stop them going into debt. "I replied that it was a stupid question. Students must accept the need to borrow, it's virtually enforced. The real question is, what's the right way to fund, borrow and live as a student?
"No-one in the UK should be put off studying because of potential student debt. Done right, it's very different to normal debt. "It's only repaid when you finish studying, and if you don't earn enough when you leave (and of course one reason for studying is to enable you to earn more) you don't have to pay for it!"
Here are 10 tips on how to make your finances managable.
1) Make the most of official student loans.
2) Don't be swayed by quick offers on current accounts.
3) Be careful with credit cards.
4) Budget.
5) Look out for offers and discounts.
Useful Links:
Student loans in England Student loans in Scotland Student loans in Wales National Union Of Students UCAS
