University Life: a course in personal finance

Written by Richard Green

Recent findings fromrepparttar Educational Policy Institute indicated thatrepparttar 143060 UK isrepparttar 143061 third most expensive place inrepparttar 143062 world to go to university. Combine this with figures fromrepparttar 143063 Prudential, showing that a third of university students have considered abandoning their studies due torepparttar 143064 financial strain they have encountered, and it is not surprising that many prospective students are findingrepparttar 143065 need to seriously think throughrepparttar 143066 merits of going to University.

Whilst it is true that there are currently loans available from bothrepparttar 143067 government and from banks that are designed to see students through their period of studies, for many this will mean emerging into their adult life with mountains of debt. Barclays Bank has stated it believes that once top-up fees are introduced it will cost about £33,000 to put a child through university in England and Wales. At a time whenrepparttar 143068 number of students has greatly increased andrepparttar 143069 number of high paid graduate careers appears to have diminished, students now have to factor inrepparttar 143070 cost of living when makingrepparttar 143071 important decision of where to study. In an article byrepparttar 143072 Scotland On Sunday ( ),repparttar 143073 experiences of a university student from Glasgow show thatrepparttar 143074 question of finance already weighs heavy for some students in their choices of where, or even if, they can study. Moving out ofrepparttar 143075 parental home to take full advantage of university life may become less of an option for students as costs increase and financial assistance decreases.

The president ofrepparttar 143076 National Union of Students in Scotland, Melanie Ward, said: "I think most students underestimaterepparttar 143077 amount of debt they will leave university with, which will be above £13,000."

With graduates needing to earn £22,000 a year in order to pay off anything more than justrepparttar 143078 interest on their student loans, many people are in their 30s or even 40s before their debt is fully cleared.

Graduates are also finding that they have to make tough decisions as soon as they complete their courses. With banks, building societies, credit card companies, and other private sector lenders requiringrepparttar 143079 sums borrowed to be repaid. The immediate question of, “Do I build onrepparttar 143080 knowledge, work experience and internships, that I've had overrepparttar 143081 last few years and pursue my dream career, or doesrepparttar 143082 chasing ofrepparttar 143083 perfect job I’ve been working towards for years, have to take second place to getting back intorepparttar 143084 black?”, is now an all too intrusive reality for many.

Money Making – Money Saving Tips for College Students

Written by Linda Correli

Money is something that is difficult to get, but easy to get rid of. However, if you are smart about handling your money, you can get through college or university paying less and making more.

While studying,repparttar main source of income for you is your scholarship and some sum of money from your parents for your minor expenses. However, we all know that this is not enough to survive. The most realistic and easy way to earn some extra money is to get a grant or find a part time job.

Your college or university can you grants based on your academic performance. To get good grades is an easy way to get tidy sum of money atrepparttar 142954 end ofrepparttar 142955 semester. However, to earn money in such a way takes time, persistence and a lot of efforts. Grants range from $1,200 for an A+ to 300 for a C-. Not bad really.

Besides, this way of getting money has a lot of pros. You not only get money, but heaps of knowledge in addition. Bear in mind rather hackneyed saying “Knowledge is power”. Knowledge will never be a heavy burden to you and probably some day you’ll take lots of benefits from it.

Another efficient, commonly utilized way of earning money is finding a part-time job. Many students took an advantage of earning money this way. Really, it has a lot of merits.

-You gain financial independence, so you can command your finances inrepparttar 142956 way you like and relieve your parents fromrepparttar 142957 financial burdens. -It helps you apply your knowledge in practice, realize yourself and feel more confident and mature. -It is a great experience for your future job. It helps you understandrepparttar 142958 real value of money and gives yourepparttar 142959 insight into whatrepparttar 142960 work is about. -You penetrate intorepparttar 142961 adults’ world and foster a sense of competition. -It makes your life more colorful and is good for your personal development. -You get acquainted with new interesting people and study from them. -You get a roll of hard-earned money and can be proud of yourself.

Be prepared that you won’t find a job immediately. The employers aren’t waiting specially for you with arms wide open. Remember thatrepparttar 142962 market is full of people searching for a job. And one more point is that you shouldn’t expect to get high salary at once. Though it is just a temporary place to work where you get some extra money.

For a start,repparttar 142963 below listed jobs isrepparttar 142964 thing you might start with, as you don’t have to possess any special skills and they can become a good beginning for your upcoming job. - Wash car - Pet sitting - Recycle soft drink cans - Baby sitting - Mow lawn - Weed garden - Garage sale

Cont'd on page 2 ==> © 2005
Terms of Use