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Students work hard for the future

Published: Friday, 24 August 2007   Category: Public sector

Today's students are financially sound and more realistic about the prospects of starting a career, a new study has revealed today.

According to research by Yorkshire Bank and Clydesdale Bank, modern students do not conform to the common beliefs that the public hold about their money management.

Almost a third of respondents were actively working during term and a further 20 per cent were doing jobs related to their degrees.

Two thirds of students have already begun saving for the future and only 22 per cent have admitted to wasting their loan at the beginning of the study year.

Commenting on the responsible attitude of many students, Gemma Tumelty, NUS President said: "Students are budgeting carefully and working long hours to make ends meet.

"In contrast to media stereotypes of lazy student life, today's undergraduates work hard and attempt to save in preparation for finding graduate employment, getting on the housing ladder and starting families.

"This often leads to them working through the summer break and abandoning their plans to travel."ADNFCR-1068-ID-18257891-ADNFCR

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