One in six students runs out of money each month, new survey says

As school leavers discover whether their "A" level results have won them their university place of choice, a new survey warns that one in six students does not have enough money to pay their bills and expenses each month. 

The second annual Student Finance Report from Lloyds TSB suggests that another 40 per cent of students are only just managing to get by on their income.  Nearly half of all students have taken jobs, and a similar number are worried about their debts.

As school leavers discover whether their "A" level results have won them their university place of choice, a new survey warns that one in six students does not have enough money to pay their bills and expenses each month. 

The second annual Student Finance Report from Lloyds TSB suggests that another 40 per cent of students are only just managing to get by on their income.  Nearly half of all students have taken jobs, and a similar number are worried about their debts.

More than three quarters (77 per cent) of those surveyed said they expect to leave university with debts.  Sixty per cent said they believe they will owe more than £10,000 at the end of their course, while just 16 per cent of students said they expect to be debt-free when they leave university.

  For more on this story, see: http://www.lloydsbankinggroup.com/media1/press_releases/2012_press_release_brands/ltsb/1508_student.asp

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