Those worried about student finance should seek help

Tue, 24 Jan 2012

University goers having problems with their student finance and struggling to make ends meet should try and seek advice sooner rather than later, it has been suggested.

Pete Mercer, vice-president of the National Union of Students - which is a confederation of 600 students' unions - has noted those having trouble stretching out their money need to be aware there is plenty of support available.

The industry figure advised those in difficulty to talk to their student union or get in touch with financial advisers at the university they are attending.

He was speaking in response to a page on internet lender Wonga's website, which suggested those heading into higher education should use payday loans as opposed to the usual student arrangements.

"Students should think long and hard before choosing payday loans over any other form of borrowing, including government-backed student loans," Mr Mercer stated.

In addition, the Wonga site proposed that those heading to university could use the money received through short-term credit to finance a holiday - such as a getaway to the Canary Islands.
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