Students urged to avoid debt by CCCS

Student loans from official companies are cited as the best option for academics, while those looking for additional fiscal help are advised to do their research in order to avoid taking on loans which could lead to more debt.

Furthermore, the CCCS advises students to budget and take out insurance cover through parents where necessary in order to help remain as debt free as possible.

“Official loans that you get from student loans companies are very advantageous; they offer low rates of interest, and you don’t have to pay them off until you’re earning a certain amount of money,” commented Frances Walker, spokesperson for CCCS.

Last September, Lloyds TSB published a report claiming that scholars attitudes to university has changed since their parents were studying.

According to the research, financial pressures and concern over debt mean that 86 per cent of students are more concerned with earning a good degree than getting drunk.