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Student debt help

Submitted by Paolo on Fri, 2006-08-11 09:36.

The UK student debt help market is thriving and for good reason. Tuition fees and an increased cost of living added to an already tight budget mean many students need to seek professional help in order to repair their debt.

 

The first and best piece of advice you can get for student debt, like any other kind of debt, is to stop spending. Only buy the things you absolutely have to have and don’t let your peers persuade you otherwise.

When it comes to deciding what kind of debt help is best, you need to consider how much debt you actually have. Remember, there isn’t a one size fits all debt help solution, so it’s imperative you find one that’s suited to your specific needs.

 

Student debt will more often than not consist of a maxed out overdraft, some credit and store cards and the odd item or two on finance. For this kind of debt, there a few things you can do to save yourself some money.

You can get one big loan to pay off your multiple student debts which is unsurprisingly called a debt consolidation loan. The benefit of this is that because you’re taking out a big amount you can get a low rate of interest and save significant amounts of money. It also enables you to manage your money far easier because your debt is in one place as apposed to all over the place.

 

Another option to help conquer student debt is to get hold of a credit card with 0% on balance transfers. There are plenty of these kinds of offers around and they can be quite handy. For example, if you owe £1000 on a credit card which is charging you 15% a month in interest, you can transfer this debt to a new credit card and pay nothing in interest for up to a year. This allows you to chop down your debt far quicker.

However much money you owe, or whatever solution you’re considering we’ve got lots of student debt help here in the form of advice, news and useful resources to help you with your problems.

Student debt help from the Times

The Times are once again offering detailed student debt help by offering new academics financial advice in their 'Good University Guide'.

Teenagers saving to avoid student debt

According to research from Children's Mutual, an increasing number of teenagers are savings towards their higher education in a bid to avoid student debt

Students should turn to parents for advice

As the Credit Crunch makes financial life even more difficult for students living away from home, experts agree that young people should turn to their parents for

Student debt forces academics into work

The number of young academics having to work during their time at University is increasing, as more consumers struggle with student debt during the credit

Student debt help from the Halifax

The Halifax are offering student debt help in the form of a huge £3000 interest free overdraft with their new current account specifically designed for st

Student debt help from MoneyFacts

MoneyFacts have stepped forward to offer A Level students who are thinking of going away to University some valuable debt help to keep them out of the red.

Youngsters getting into debt chasing fame

Students and other young people in the UK are prepared to get themselves into debt chasing their dream of becoming famous in the future.

Students succomb to credit fraud

Students are the most likely to become victims of credit fraud which could potentially push them further into debt, according to a report from Saga.

Saving has become 'sexy' as debt problems increase

With the credit crunch making personal debt in the UK an even bigger problem, saving money is becoming 'sexy' according to one leading financial ex

Long hours need to avoid business debt

Young people considering starting up their own business are being warned that they must be prepared to make sacrifices and work long hours in order to avoid de

Image more important than reducing debts

UK consumers are more concerned about keeping up appearances that reducing personal debt according to research from CreditExpert.

Split views on Halifax credit card and debt

Halifax have announced a new credit card that offers 0% interest on balance transfers and purchases for 10 months.

Alliance and Leicester launch student ISA

Students looking to save money and avoid debt problems can now get their hands on an impressive ISA from Alliance and Leicester that offers 10% interest.

Natwest reveal student expectations

Students and other young people in the UK have unrealistic expectations when it comes to their financial futures, which could explain why so many people in their late teens and early twenties are h

Students and graduates can get good debt loans

Students and graduates in debt can still get good deals on loans, despite the credit crunch that is gripping the rest of the UK.

Londoners get into less debt when it comes to going out

According to Fool.co.uk, Londoners spend less than people in most other areas of the country when it comes to going out and entertainment in general.

Impulse purchases are students worst enemies

Students in massive debt need to help themselves by reducing the amount of impulse purchases they make on a regular basis.

Credit card debt help site that really helps

A new website has been launched to help UK consumers who want to avoid getting into massive credit card debt.<

Student debt information you need to know

The interest on student loans has almost doubled in 2007, and this is set to add to many post-graduates already significant debt problem

Student debt could explode for Christmas

Students are under more threat than anyone over the festive period when it comes to debt problems.

Children should save now to avoid debt later

Nationwide have called on the government to start pushing new initiatives to get children saving money to avoid debt problems in their futures.

Students enjoy free mortgage debt help

Students in the UK who are thinking of buying a property in the near future and face a long term of debt are being offered help by one of the leading providers.

Debt problems acceptable today

According to the Consumer Credit Counselling Service (CCCS), debt problems in the country are becoming more and more acceptable with every day that passes.

Students need more debt advice

Student in the UK aren't getting the advice and guidance they need to stay clear of serious debt problems.

Student debt set to rise with rates

Students are set to need even more help with debt, after the interest on their loans was increased by the Student Loans Company (SLC).

The rise to 4.8% from 2.4% means that many will have to cope with the burden of significantly higher repayments for the benefit of further education.

Studying debt can help many consumers

New research from Abbey has supported government findings that debt problems in later life could be significantly reduced by studying finance in school.

The group found that a tenth of UK consumers would fail a test on the subject at GCSE level with 40% being the pass the grade.

Student debt statistics from the Halifax

New statistics from the Halifax on student debt should be of particular interest to young people intending to take their education further by going to University.

Student debt is holding back the young

New figures from uSwitch have shown that many young people are being held back from major life events by the student debt they are saddled with.

According to the price comparison site, 27% of recent graduates have delayed starting a family by an average of six years because of the debt they accrue whilst at University.

Careful planning can prevent student debt difficulties

According to new figures, students due to start university in September are seriously underestimating the amount of debt they will accumulate during their degrees, and need help in order to avoid difficulties.

Graduating students and a lifetime of debt

Students are being urged to seek debt help after graduating to ensure they know where they stand financially before considering making any decisions.

Research from the One Stop Finance Shop has shown that some student finish University and almost immediately find themselves with a mortgage to pay off on top of a hefty loan and other expenses.

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