How to survive on a student loan [video]
Want to make your money go further when you're at uni? Our student video reporter headed to university campuses to get some top money-saving and budgeting tips from students themselves...
More top tipsHere are some essential tips to help survive on your student loan...
Managing your loan:
Budgeting early will give you a good idea of how much you have to spend per week. If you don’t know how much you’re spending, you may find yourself without money for a train ticket home by the end of term!
Remember, your student loan isn’t just to go on your social life – there’s also food to buy as well as plenty of other student must-haves – course materials, cleaning products, transport, internet, insurance… the list is endless. You may have to cut back on life’s luxuries and that’s part and parcel of being a student.
Ways to make your loan go further:
Stretch your student loan to keep on top of the costs of student life...
Instead of heading straight to your university book shop, check out second-hand sales and speak to older students who will be looking to get rid of unneeded books for some quick cash. Of course, always see what books are available in your library to save as much money as possible.
Being sociable doesn’t have to cost a fortune so if you decide on a night out with friends, spend within reason. Remember to plan ahead – don’t spend money that you’ll need for food shopping the week after!