Helpling hand for Students
Introduction
Students are now being offered a permanent helping hand with money, before, during and after their university experience.
Money Advice Direct is able to offer offer students and graduates access to debt advice.
By allowing students to access the service they can get the crucial support they need, not just in the first few weeks after enrolling, but all year round.
A port of call in times of distress...
Students should have a port of call in times of distress so they are not tempted to drop-out of college.
Whether it's how to deal with basic budgeting to avoiding debt, students are now urged to contact the debt advisers directly on 0800 074 6918.
Figures collated by The Higher Education Statistics Agency which reveal nearly one in 10 of all higher education students abandoned their courses and dropped-out of college / university in their first year.
Students are faced with all sorts of problems which can seem insurmountable when they try to deal with them without help. Talking to the right people at the right time can provide a wealth of reassuring options and advice about the next steps to take.
The service is basically a gateway to advice so students have somene to contact whatever their problem is. It may be for recommended colleges and universities to ensure that their students get the balance right and paid work it not detrimental to their studies or to put them in touch with a adviser.
Dropping out of university or college as a result of avoidable financial problems is the ultimate waste of talent. When things get tough debt can be a very isolating experience and it is essential that all students know where they can go for help.
Students should be able to find their way in a time of change, confusion and uncertainty. It will help students make more informed choices and be better prepared as they embark on the exciting and rewarding journey into Higher Education and beyond.
Further information and help
Most university welfare offices now offer debt advice services.
The National Union of Students has useful fact sheets on its website to help you with financial planning.
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]