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Bank claims: Debt 'causes anxiety in students'

Students may have to be skilled in financial planning if they do not wish to find themselves juggling bank claims and credit card charges.

Author of Leaving Home and freelance journalist Glynis Kozma argued money is one of the most significant factors in anxiety among students, with this issue even potentially impacting their overall academic performance.

While some university attendees use part-time work to supplement their student loan claims, the expert pointed out such employment "can't always be guaranteed".

She noted students generally need to implement a weekly budget and stick to this, but added that many find this "challenging".

Spreadsheets and other tools to help people manage their cashflow were recommended by the expert, as dipping into overdrafts can leave graduates with substantial bank charges.

MoneyVista recently pointed out that the average student starting university this year is likely to leave education owing approximately £53,400 through student loans and other debts.

Jennifer Haines
Jennifer's speciality knowledge is credit card changes and balance transfersADNFCR-2776-ID-801449758-ADNFCR

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