An Introduction to Student Finance

Now more than ever, higher education doesn’t come cheap! At MoneySolve, we know all about managing money, and we know what student life is like, so if you want tips and advice on bills, budgeting and beer money, you’ve come to the right place.

Reality Check

From 2012, universities will be able to charge up to £9,000 a year in tuition fees (triple the current limit). In addition to tuition fees, students need to get to grips with living expenses and the cost of course materials, whilst attempting to set enough aside for a decent social life. All of these expenses have to be met without the benefit of a full time income, which explains why it has been predicted that students starting university in 2012 will leave with an average debt of £53,000.

Planning is Key

If you want to go to university and study full time, then you will most likely have to borrow money in the form of a student loan, most probably supplemented by an overdraft. This in itself shouldn’t put you off going to university to achieve the qualifications that will give you a head start in your career. However, what it does mean is that you’ll need to implement an effective debt management plan before and during your studies.

Find Out More

Our student guides are designed to help you to get to grips with managing your money and getting the most from your bank balance during your years in higher education. See our various guides below.