Go Higher: Who to turn to for financial help

HOWEVER HARD you try to make your finances last, there will probably come a time when your money runs out.

For some students this can be easily solved with a desperate phone call to parents or relatives, for others it is a harder nut to crack.

But whatever the situation, the golden rule is not to panic and not to ignore the problem.

You can take comfort from the thought that most of your fellow students will be in the same boat - it is now a fact of life that most students are in debt by the time they graduate.

A survey by Barclays Bank last year found that 86 per cent of students expected to owe money at the end of their courses, but only 30 per cent reported that they were worried, angry or upset about their situation.

The survey found final-year students had an average debt of pounds 3,883, so if you find yourself notching up a few hundred pounds of debt in your first year, don't panic - you will not be alone.

But if the problem gets out of hand and you are up to your eyeballs in debt, there are a number of avenues open to you.

The best solution is to get in touch with your student welfare officer at your university or college, your bank manager, or the student adviser at your local branch.

They won't be surprised that you are finding it hard to cope and have money problems. Over the years they will have dealt with thousands of broke students, and will be able to use this experience to give you the best advice and help.

Indeed many universities and colleges have financial counsellors who help students who find their expenses are more than they bargained for. They can suggest ways of making what you have go further, and can tell you whether you are entitled to claim financial help.

But at the end of the day, apart from cutting back on your outgoings, you may have to get a job, or if you already have one, work more hours. Many students now work for about 12 hours a week during term-time to make ends meet.

Students' unions employ students in bar, catering and office work, and some institutions try to reserve jobs for students as cleaners, porters, gardeners and librarians. Rates of pay are generally pounds 3.50-pounds 5 per hour - enough to keep the bank manager off your back for a while at least.

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Life and Style
ebookNow available in paperback
ebooks
ebookPart of The Independent’s new eBook series The Great Composers
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs General

    Selby Jennings: VP/SVP Credit Quant- NY- Investment Bank

    Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...

    Ashdown Group: Senior Marketing Executive- City of London, Old Street

    £40000 - £43000 per annum + benefits: Ashdown Group: Senior Marketing Executiv...

    Ashdown Group: Marketing Manager

    £40000 - £43000 per annum + benefits: Ashdown Group: An international organisa...

    Ashdown Group: Internal Recruiter -Rugby, Warwickshire

    £25000 - £30000 per annum: Ashdown Group: Internal Recruiter -Rugby, Warwicksh...

    Day In a Page

    Aren’t you glad you didn’t say that? The worst wince-and-look-away quotes of the year

    Aren’t you glad you didn’t say that?

    The worst wince-and-look-away quotes of the year
    Hollande's vanity project is on a high-speed track to the middle of nowhere

    Vanity project on a high-speed track to nowhere

    France’s TGV network has become mired in controversy
    Sports Quiz of the Year

    Sports Quiz of the Year

    So, how closely were you paying attention during 2014?
    Alexander Armstrong on insulting Mary Berry, his love of 'Bargain Hunt', and life as a llama farmer

    Alexander Armstrong on insulting Mary Berry and his love of 'Bargain Hunt'

    From Armstrong and Miller to Pointless
    Sanchez helps Gunners hold on after Giroud's moment of madness

    Sanchez helps Gunners hold on

    Olivier Giroud's moment of madness nearly costs them
    A Christmas without hope: Fears grow in Gaza that the conflict with Israel will soon reignite

    Christmas without hope

    Gaza fears grow that conflict with Israel will soon reignite
    After 150 years, you can finally visit the grisliest museum in the country

    The 'Black Museum'

    After 150 years, you can finally visit Britain's grisliest museum
    No ho-ho-hos with Nick Frost's badass Santa

    No ho-ho-hos with Nick Frost's badass Santa

    Doctor Who Christmas Special TV review
    Chilly Christmas: Swimmers take festive dip for charity

    Chilly Christmas

    Swimmers dive into freezing British waters for charity
    Veterans' hostel 'overwhelmed by kindness' for festive dinner

    Homeless Veterans appeal

    In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
    Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

    'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

    Yazidi girls killing themselves to escape rape and imprisonment
    Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

    Ed Balls interview

    'If I think about the deficit when I'm playing the piano, it all goes wrong'
    He's behind you, dude!

    US stars in UK panto

    From David Hasselhoff to Jerry Hall
    Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

    Grace Dent's Christmas Quiz

    What are you – a festive curmudgeon or top of the tree?
    Nasa planning to build cloud cities in airships above Venus

    Nasa planning to build cloud cities in airships above Venus

    Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect