Santander: Students turn to jobs for debt relief

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Santander: Students turn to jobs for debt relief

Many university students are using part-time jobs to provide debt relief, Santander has reported.

Figures from the company show that average student debt now stands at around £23,500, while tuition fees come to more than £3,000 a year.

As a result, 43 per cent of those at universities are supporting themselves by taking part-time jobs.

About one in ten of these people were found to be working at least 15 hours a week.

Luis Juste, spokesman for Santander, described the findings as "little surprise" and said it is good to see students being so "industrious".

However, he expressed concern that many of those with part-time jobs believe their work commitments are impacting negatively on their studies.

Bar work was found to be especially popular among university students, with 11 per cent taking up this option, while ten per cent are waiting tables.

This comes after Lloyds TSB revealed that students who work part-time are collectively earning approximately £4 billion a year.

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