Financial worries are forcing more than a quarter of students to live with their parents when they start university this year, according to research.
Lloyds TSB has found that nearly two-thirds expect to struggle if the cost of living continues to rise, while 38 per cent believe that the cost of a university education will soon outweigh the benefits.
“By making the time now for some financial planning and careful budgeting, cash-strapped students should be able to enjoy further education without worrying unduly about making ends meet,” she said.
Last week Bank of Scotland announced the introduction of a new student package, which offers a £3,000 interest-free overdraft facility from the account’s opening until one year after graduating.
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