Free Articles  >>  Business And Finance >>  Page 3931  >> 

How To Stretch Your Student Loan

If youre considering going to university, there is a strong chance that youre also contemplating taking out a student loan to fund your university expenses. Student loans dont have to equate to student debt and if you plan your finances, it is possible to get by without student loans and possibly even profit from them. There are many sites on the internet which provide downloadable student finance guides and online advice on how best to manage your finances. Moneynet offers a comprehensive student finance guide ( <a href="https://" target="_blank"></a> ), whilst the money section on support4learning is also a popular internet resource. ( <a href="https://" target="_blank"></a> ).

The first step to avoid financial dependence on a student loan is to consider taking a gap year to gain experience and earn money. This is a great opportunity to start saving for university and will give you funds to cover accommodation and bills without tapping into your student loan.

In terms of managing your personal finances, you could open up a notice savings account and invest your gap year earnings alongside a student loan, accruing interest on the total amount, but being disciplined so that you only ever tuck into your savings not the loan itself.

If youre comfortable that you can timetable it you might consider a part-time job to help finance your studies, using your income to cover the majority of your expenses so that you can leave your bank savings alone. There will be times when you may have to make a withdrawal from your savings account, but if you leave the capital there as long as possible the more money you will make.

If youre concerned about getting the maximum amount of interest on your loan, you could try doing a savings comparison search on the internet. Sites such as ( <a href="https://" target="_blank"></a> ) and ( <a href="https://" target="_blank"></a> ) allow you to compare different accounts alongside each other.

If you keep a tight grip on your finances, then it is likely that you will be in a strong position to pay off your loans when you graduate. Whilst studying, you might also be interested in conducting price comparison research for insurance and current accounts to ensure youre getting the best deals. Dont be seduced by high street offers of freshers fair promotions collect as much information as you can, so you can make an informed financial decision. Its also worth setting yourself up with online accounts which you manage through an account aggregation tool. Account aggregation allows you to manage your money online and can save you time, foot leather and bank charges. If you want to find out more about account aggregation, visit the Channel 4 website which offers a detailed guide. ( <a href="https://" target="_blank"></a> )

About Author Rachel Lane :

Rachel writes for the personal finance blog Cashzilla. <a href="" target="_blank"></a>

Article Source:
Article Url:

Other Articles by Rachel Lane

Don t Let Your Personal Loan Become A Personal Moan
Most of us have been in a position at some point when we simply have had insufficient funds to pay for something. This could be car insurance/repairs, course fees, holiday, Christmas presents, electrical items or even the weekly shopping. According to Credit Action, 2.4 million personal loan agreements were recorded in the first quarter of 2005, totalling 13.5 billion. The national debt education charity reported that 30% of the personal loans were for cars, 24% for home improvements and 20%...

Has Anyone Seen My Twenties
Premature aging is spreading across the UK and is particularly prevalent amongst recent graduates in the UK who, upon leaving university, are plunged straight into fears about the property ladder, pensions and paying off their student debts. These young people graduate at the age of 21, do not pass go and head straight to 35, worrying about their personal finance investments before finding their feet in life. These un-twentysomethings lifestyles can generally categorised within two extremes,...

The Myth Of The Christmas Loan
If you think Harry Potter was going to be the most imaginative marketing plot this Christmas, think again. Each Christmas, as consumers look at their finances and investigate the different sources of funding to cover their Christmas shopping, loan companies and credit card providers polish up their marketing tactics and customer service skills. No doubt some of you will see an advertisement for a Christmas loan over the next few months. Unfortunately for you, its not provided by a...

Home A Loan
The number of homeowners taking out secured loans is set to slow down over the next five years according to analysts at Datamonitor. Over the past five years, the market for secured loans has increased by over 50%, however predictions indicate that loans secured against property will only increase at a rate of 5.3% a year up to 2009. Last year, 016bn was borrowed by homeowners secured against the value of their property but according to Datamonitor this will rise to 014bn a year by 2009....

Store Cards Credit Cards And Loans How To Borrow Money Effectively
You dont have to have the lifestyle demands of Paris Hilton to need extra money these days. According to Credit Action, the total UK personal debt was 1,122 billion, a growth of about 10.5% over the previous year and in the UK and each adult in the UK has an average of 4.1 credit cards in their wallet. In their most recent report, Credit Action also recorded 2.3 million personal loan agreements in the second quarter of 2005. Interesting, the national money education charity discovered a gap...

Are You Suffering From Payment Protection Overload
Critical illness insurance: Critical illness insurance will cover you in the event of a serious illness such as cancer, coronary artery by-pass surgery, heart attack, kidney failure, major organ transplant, multiple sclerosis and stroke. Additional conditions covered by this insurance can include aorta graft surgery, benign brain tumour, blindness, coma, deafness, heart valve replacement or repair, loss of limbs, loss of speech, motor neurone disease, paralysis/paraplegia, Parkinsons...

Why A Little Bit Of Marketing Does You Good Especially At Christmas
My grandpa, whos a Quaker, used to disapprove of the fact that I ventured into marketing, but hes coming round to my way of thinking, even at the grand age of 92. He is suspicious of marketing (in his mind - a term synonymous with extracting money from a gullible party, for the benefit of corporate greed) and doesnt believe in profit, even though profit itself is not a bad thing. I bring this issue up because in case you hadnt noticed, its going to be Christmas soon and as usual any...

A Cornish Walk A Simple Tourist Activity But An Absolute Must For An English Holiday
Cornwall has always been a favourite holiday destination and its dramatic coastline, picturesque villages, vibrant culture and sumptuous cuisine. For those visitors who have travelled to the region, the benefits of a Cornish holiday need no explaining, but for our international friends, who have yet to explore outside of London, a visit to Cornwall will give you a very different taste of English life. In this article, I describe one of my favourite walks in Cornwall and thoroughly recommend it...

The Debt Test Are You Making Out A Mountain Out Of Your Mortgage
According to the Council of Mortgage Lenders, first-time buyers are the most susceptible group of homeowners to debt, as they are more likely to have higher loan-to-value ratios and commit a higher proportion of their income to mortgage repayments. Despite their susceptibility to debt, there is evidence which indicates that insurance take-up and employee benefits provide recent first-time buyers with a safer foundation than the general population of mortgage borrowers. The Council of Mortgage...

Inside Insurance Protection Priorities
Protecting your home Although you have no legal obligation to insure your home, your mortgage company will want to protect their investment with buildings insurance. However, it is also worth protecting your own investments, so even after youve paid off your mortgage, you should ensure youre financially covered. Home contents insurance and personal possessions insurance According to Money Observer, the average home has 44,000 of contents and replacing this without insurance would be...

Publishers / Webmasters
Article ID: 33281
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

198 Users Online!!
Related Articles:
Latest Articles:
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Linux cPanel Hosting Provided By AwareIndia

Company IDS