Students 'should plan finances to provide debt relief'
www.moneynews.co.uk > Debt > Students 'should plan finances to provide debt relief'
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Students 'should plan finances to provide debt relief'
Thu 19th Aug 2010
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According to Family Investments, student living costs now stand at £718 a month - 28 per cent more than in 2004.
The organisation has predicted that this figure could rise to £818 by 2013 - when many of this year's new university students will graduate.
As a result, it has suggested that people getting their A-levels today aim to save money so they can absorb these costs.
"Higher education is an expensive business," said Kate Moore of Family Investments.
"Prospective students face an increased cost of living [and] the potential for large sums of debt."
Ms Moore added that there is likely to be a surplus of graduates by the time the next crop of university students collect their degrees, as well as a "flat" job market.
This comes after research by Santander found that almost half of those at university have taken up a part-time job to boost their income.
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