| The statistics show that more and more students are | | | | entertainment and socialising.EmploymentMany |
| graduating from university with significant debt. The | | | | students will also be working part time during their |
| debt levels are growing year on year and many | | | | studies. There are a lot of jobs available and finding |
| students will be paying them off for years after they | | | | one is not a problem for most students who genuinely |
| graduate. It seems that the consumer addiction to | | | | want one. Employers recognise their flexibility and |
| credit and spending has effected the student | | | | willingness to work unsociable hours and also that they |
| population just as much as every one else. The fact | | | | will generally be happy to accept minimum or close to |
| that most students are not earning anything, and are | | | | minimum wage. Therefore, while the jobs are there, |
| living either on funds provided by their parents, or on | | | | they generally pay little, and students who work more |
| money borrowed, they continue to spend millions each | | | | than 10-20 hours a week are probably putting a |
| year.These costs are spread over a variety of areas. | | | | serious strain on their studies and risking their future |
| Accommodation and other living expenses represent | | | | chances of success.Most student debt is comprised of |
| the largest portion of the expenditure. Added to this is | | | | student loans. The student loans company based on |
| travel to and from university, holiday and summer | | | | eligibility criteria provides these. These loans are |
| travel expenses, and entertainment. While students are | | | | cheaper than credit that is available on the market |
| generally financially responsible and not as out of | | | | from high street banks and have other significant |
| control as many patents would have you think, they do | | | | advantages for students. |
| continue to spend a huge proportion of their money on | | | | |