Money woes 'put students off uni'
Wednesday 16 January 2013
Money worries are leading students to defer or drop their higher education plans, according to findings of an annual student survey.
The charity Credit Action has published its findings as its Student Moneymanual 2013 is launched.
It found that a third of students interviewed who had planned to start university in 2012 either deferred their course or had given up plans to attend. Those opting out completely cited reasons including getting a job instead (37 per cent) or not being able to afford to go (also 37 per cent).
Credit Action talked to students before starting uni about their ability to manage money throughout their course.
More than half said they worried about it with some 22 per cent fearing struggling to make ends meet, 18 per cent worried about the cost of living, and 14 per cent concerned about taking on new financial responsibilities. A further 14 per cent questioned if they would be any good at budgeting.
Michelle Highman, chief executive officer of Credit Action, said: "It's such a shame that money is a significant source of worry for students, but some of the fears can be contained: everyone can learn to get on top of their money.
"If you don't think you know how to manage a budget January is a brilliant time to start, even if it's as simple as keeping a spending diary. There are loads of ideas to save and manage your money in the Student Moneymanual - it's about life-long money sense, it's not just for uni."
The charity has has published the Student Moneymanual in partnership with Santander.
Charlotte Hogg, head of retail distribution at Santander, said: "At Santander, we understand the importance of having good money management skills which is why we support Credit Action's Student Moneymanual.
"This useful tool can help students discover what funding is available, how to apply for it and how to manage their money once they've got it."
The Student Moneymanual 2013 is available for free at http://www.creditaction.org.uk/students.
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Durham Free School: 'Creationism taught at' free school facing closure
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
- 1 What happens to your body when you give up sugar?
- 2 Licence fee: What is the BBC charge – and how will the changes affect you?
- 3 This is what the photographer has to say about the picture of a weasel riding a woodpecker
- 4 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
£20000 - £25000 per annum + OTE £40,000: SThree: SThree have recently been awa...
£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...
£24000 - £30000 per annum: Recruitment Genius: A Graduate/Junior Software Deve...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...