Latest reports indicate that students average running up a debt of around £10,000, but with tuition fees going up to £1,100 this year, this figure is sure to rise.
It's depressing stuff, but being sensible and keeping a tight reign on your cash can help lessen the blow.
Begin by making a list of your income (student loan, parental contribution, part-time job), and deducting your out-goings, for example:
* College equipment (books, stationery, art equipment etc.)
* Entertainment (beer, clubs, CDs, etc.)
* Miscellaneous (birthdays, etc)
It is estimated that the average student's monthly outgoings are around £500 or more, so the best advice is to be sensible and try not to let your finances get you down.
If you do have a financial problem - seek assistance, speak to your Student Union Welfare officer, your bank manager, even your parents.
