NUS: Students are not given enough financial advice

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NUS: Students are not given enough financial advice

The National Union of Students (NUS) has claimed that more financial advice should be given to students to help them avoid high levels of debt.

According to This is Money, students graduating this year face a total debts of £3.2 billion, representing an increase of 167 per cent on 1997 - the year before student loans were introduced.

With debt levels escalating, a spokeswoman for the NUS said that more needs to be done to guide students in financial matters.

"We always look to give financial advice, in that we offer students rights leaflets, money advice and those kind of things, but with financial education nothing substitutes them being sat down and [encouraged to think] about how to handle money," she said.

HSBC recently backed down from plans to start charging interest on its graduate overdraft offering after student protests.

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