Tag Archives: student debt

Glen’s story: From £15k in debt to debt free

posted by in Budgeting 2 Comments

Glen Hodgson“When I went away to University at 18 I was hit with countless offers of credit, a number of which I took – including a student overdraft, a few credit cards, hire purchase agreements, and loans. It was too easy.

With no assets to lose, my view at the time was – “I don’t have the spare money to pay it all back without compromising on my own lifestyle” and so I put it to the back of my mind. However, I was about get a rude awakening…

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Why do students get into debt and start borrowing?

posted by in Living with debt 1 Comment

Today we’re honoured to welcome guest blogger Owen Burek, editor in chief of Save the Student!. He knows all there is to know about student finances and regularly appears on TV and radio to talk about young people and debt.

Students throw their mortarboards in the air

Debt doesn’t start after student life, but during it

When you boil down the pure finances you tend to find that students are not too different from the general public when it comes to money management.

Of course, the student loan is not something available to non-students but it’s worth seeing this as part of a student’s ‘salary’. While some students get as little as £458 a month from their maintenance loan, and their expenditure far exceeds this, it begs the question: where does the rest of the money come from?

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