According to Mori, overseas students are wiser with their money than home students as they treat their education as an investment and budget better rather than spend funds on drink. The poll found that the average overseas student expected to…
Continue reading the "Debt less problematic for overseas students" »
Kate Barnham has set up a website to allow students to live rent-free in another family’s home while their child is at university. Explaining the move, Mrs Barnham told the Argus: “I was worried about Tom’s student debt, especially with…
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As banks prepare to pour onto campuses with freebies ranging from iPods to five-year railcards, Frances Walker, of the Consumer Credit Counselling Service (CCCS), warned students not to be tempted by gifts over better saving deals. “Students should shop around…
Continue reading the "Students taking out a loan this summer need to “understand the system”" »
Higher education minister Bill Rammell announced today that potential students will be able to apply for loans that should be clearer, faster and more accurate. “The student finance service needs to be as simple and accessible as possible to students,…
Continue reading the "Simpler student loan system announced" »
Comments were made at a meeting of leading financial experts from Barclaycard, Which? and the Liberal Democrats to discuss ways to halt Britain’s soaring debt levels. “People simply don’t plan ahead. Unless we get more into intervention rather than cure…
Continue reading the "FSA: Debt requires “intervention rather than cure”" »
Julia Harris, mortgage analyst at Moneyfacts.co.uk, said that banks were waking up to the fact that while graduates may start with huge debts, they will soon start earning and will want a home in the meantime. “With the aim of…
Continue reading the "Graduates in debt advised over mortgages" »
The bank has started offering overdrafts to new students up to £500 greater than other lenders, rising to £2,100. Other banks only offer £1,000 to first year students, but Halifax could encourage students to borrow more as it offers an…
Continue reading the "Halifax’s bigger overdraft could lead to bigger student debt" »
Price comparison website Moneysupermarket.com said that with charges for foreign use and interest rates as high as 17.9 per cent on cards, students travelling after graduation need to be careful with how they use their plastic. However, Stuart Glendinning, managing…
Continue reading the "Gap year travellers warned to use card for emergencies" »
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