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A quarter of students are taking out payday loans to help fund their living costs at University. According to the National Student Survey, typical living costs each month are around £850 and most students fall short by about £250. Students can get a means-tested maintenance loan to help with living costs based on a sliding scale of parental income - but many parents don't realise the extent of the contribution they'll be expected to make. To make up the difference, students are turning to high-interest loans or credit cards. The founder of MoneySavingExpert, Martin Lewis, says there's a big gap in people's financial education around the subject. So - how financially savvy are students, or the students you know? Call us now 0300 700 444 or email [email protected] and leave your number so we can call you back.
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