- Monday, 21 September 2009Debt advice could help students who have incurred unforeseen costs as a result of not receiving their loans on time.
Owing to a backlog in applications for student loans, the Student Loans Company has been unable to distribute all requested monies before the start of term, leaving a number of undergraduates struggling financially.
The Brightside Trust with Uniaid has suggested that university attendees from poorer backgrounds will be hardest hit by the delays.
Dr Tessa Stone, chief executive of the charity, said: "Our main concern … is [that] this sort of thing affects those who can't rely on their parents [and] haven't got a fall back plan, for whom this is already a big leap of faith to take on that level of prospective debt."
It was recently widely reported that approximately 170,000 university students would begin the new university term without the financial aid they are entitled to.
Recent IVA News23% of first-time buyers save for five years to raise a depositWed, 04 May 2011
Brits dealing with Finance Management should shop around for car insurance Wed, 04 May 2011
Parents, including those with Finance Management, advised to start saving for children's weddingsTue, 03 May 2011
Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
Brits, including those with Finance Management plans, to spend £267 on Royal Wedding Tue, 26 Apr 2011
Equity release can be used to 'become debt-free'Tue, 26 Apr 2011
| |
Money Debt and Credit Ltd, Registered in England & Wales No.05588842.
Registered Office: 45 Clarendon Road, Watford WD17 1SZ
Consumer Credit Licence Number: 0580960