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Manual giving debt advice to students to be handed out

Manual giving debt advice to students to be handed out

- Tuesday, 22 February 2011

Around 430,000 students will be given a manual about how to manage their money and avoid debt problems in the process.

Finance charity Credit Action intends to give its guide on student finance to young people planning to attend university in the 2011/2012 school year.

The average student is expected to graduate with debts amounting to more than £23,000 so the charity has created a guide to inform youngsters about the financial support available, how to budget and how to save money.

This could help would-be students learn how to stay in control of their money and help them avoid debt problems while at university.

Joanna Parsley, associate director of Credit Action, said: "Getting this information and guidance into students' hands before they begin university is key as it allows them to prepare financially, so their university experience can get off to a smooth start."

The All Parliamentary Party launched a campaign on January 31st to make financial education compulsory in schools, to ensure that youngsters learn how to avoid accruing debt problems in the future.
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