Wednesday, August 19, 2009
Category:
Consolidation
Natwest recently published its latest Student Living Index where Brighton was revealed as being the most cost effective university town in which students live.
On the flipside, York has been highlighted as the least cost-effective place to study in the UK. According to the Index, hard-working students have a positive outlook for the future.
Those students living in Brighton earn an average of £3,848.70 from part time jobs. 40% of students working in Brighton are said to earn an average of £9 per hour and are also reported to work more hours than the majority of students elsewhere. Almost a third work more than 20 hours per week, while the national average commit to an average of 14 hours per week.
Extra support still comes from parents with over half of students receiving the same amount of support as they had done during the previous year. Parents are reported to contribute 61% of their offspring’s weekly income amounting to £69.51 per week.
As far as post university is concerned, 65% of students still remain positive that they will find a job in the first year of leaving study and 63% still feel passionate about their chosen career pathway.
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Graduate homeowners who relied on credit cards during their student days, could consider consolidating these with a secured loan. A secured loan is one of many options to
consolidate debt and can be used to place several debts into one manageable monthly repayment, rather than having to keep track on what goes out and when. If using a secured loan to consolidate debt, it should be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.
