Tips to Avoid Student Debt

The recent decision by the Coalition Government to allow Universities to charge up to 9000 a year tuition fees is once again a reminder of just how expensive higher education is in England and Wales today (Scotland has a totally different charging regime for its Universities).

The result of the above decision is that many students starting University in Autumn 2012 could potentially end up with an outstanding debt of £36,000 at the end of their degree. This is a staggering figure to start adult life owing, although the student loan will not become repayable until employment paying in excess of 21,000 p.a is secured. Nevertheless this presents a whole new set of financial challenges for teenagers and young adults.


1. Live at Home - A substantial part of student expenditure goes on living and eating expenses when living away from home.
2. Student discounts - There are endless discounts for students to make your lives easier in terms of expenditure, including travel, clothing cinema, restaurants, and sportswear but to name a few.
3. Check your bank account - It is a well known fact that the first bank a student chooses to open an account with is probably the one that he or she will stay with for long after their education has been completed ( I stayed with Nat West for about 18 years after I had completed University).
4.Cook your own food - Whether living at home or in student accommodation you can save money on your lunch and dinners by cooking your own food.
5. Get a job - Many students work their way through university by using part time income to supplement grants and student loans. continue reading for more Tips to Avoid Student Debt