<< Most Recent Articles

Students 'should not worry' about borrowing

People attending university have been advised not to be concerned about borrowing money to fund their studies, it has emerged.

The Consumer Credit Counselling Service (CCCS) said that debt is now an inescapable part of the university experience and can be paid off when a person's income increases after graduation, meaning students should not be overly worried about taking out loans.

However, students should be careful to plan their financial decisions and manage their money responsibly during this period of their lives, the CCCS added.

Spokesperson for the service Frances Walker said that the majority of UK students will borrow to help fund higher education courses, either through personal loan providers or a specialist student lending company.

"The whole thing is premised on the idea that you have a greater earning capacity when you leave university," she added.

Earlier this week, an article in the Guardian advised recent graduates to keep a close eye on their finances and not be tempted to spend their early pay packets on luxury items.

See how much you could borrow when you apply for a loan with Lombard Direct.

29/06/2007 16:55:24

Most Recent Articles