Student Debt

By managing your money sensibly and taking action before things like missed payments and unauthorised overdrafts get out of hand, you can avoid getting into financial difficulty, which means you can concentrate on the important things…like studying and enjoying yourself!

Whether it be through living cost loans, tuition fee loans, bank loans or overdrafts, student debt for many of us is unavoidable . The important thing to remember is that debt doesn’t necessarily have to mean stress and worry. By managing your money sensibly and taking action before things like missed payments and unauthorised overdrafts get out of hand, you can avoid getting into financial difficulty, which means you can concentrate on the important things…like studying and enjoying yourself!

For some however, continuing to make contracted monthly or minimum repayments to creditors whilst maintaining a reasonable standard of living can be an almost impossible task that can seriously affect day to day living.

When this happens, it’s important to remember that you are not alone and that there are a number of specialist debt advice charities and higher education schemes that can help you to quickly bring your situation back under control.

This guide is designed to show anyone that is thinking about entering into higher education how to avoid getting into financial difficulty and for those that are already experiencing problems, it will help them to understand what their options are as well as where to go for free help and advice.

Don’t bury your head in the sand and hope it will all go away by itself. The sooner you ask for help, the sooner you can stop worrying about debt and start worrying about your exams!