Students told to be sensible with finances

Undergraduates have been advised to be sensible with their finances while at university.

Alistair Lomax, the Executive Director of student finance charity UNIAID, has stated that students should be aware that any financial difficulties they experience at university could affect their credit rating.

This may impact on their financial options after they have graduated.

'[Students] just need to be really careful at the moment not to get a bad credit rating, because it will affect their ability to borrow later on in life,' he advised.

Mr Lomax urged students to make use of the options and support available to them while they are studying to ensure they do not get into financial difficulty.

He warned: 'The fun you have now could come back to haunt you!'

According to UNIAID, the current average student debt stands at £17,500 and 71% of A-level students say their biggest worry about university is a shortage of money.