September 2014

Financial education, and how to stop student loans from slipping through their fingers

As secondary schools begin teaching financial education as part of the national curriculum for the first time, there’s a timely reminder why learning how to manage money is so important.

A new survey among students, commissioned by insurance company Aviva, suggests that almost half of them spend all or most of their student loan on luxuries.  Three out of five said they had run out of money before the end of term; the same proportion began spending as soon as the loan hit their bank accounts.