Money education charity Credit Action has launched its 2011 Student Moneymanual, a resource to inform would-be students about the financial support available when going to university and equip them with money management skills.
430,000 Student Moneymanuals will be distributed in 2011 to students hoping to start university in 2011/12. All students will receive a copy of the Moneymanual when they receive their Statement of Decision Mailing from UCAS. Copies of the Moneymanual will also be available from Santander university branches and through Credit Action’s Future Ready money management workshops to sixth form students.
The Moneymanual, which has received support from Santander, will provide information about the help that is available, as well as practical guidance, including money saving ideas.
Moneymanual seeks to allay debt worries
Joanna Parsley, associate director of Credit Action said: ‘Becoming financially independent is a challenging time, and we know that worries about not having enough money and graduating with debts are great for many students applying to university. The Student Moneymanual helps to allay these worries by simply explaining the financial support available and providing advice and tips to equip students to manage their money well.
‘Getting this information and guidance into students’ hands before they begin university is key as it allows them to prepare financially, so their university experience can get off to a smooth start.’
Martyn Saville, Which? credit and debt expert, added: ‘This is a great free resource – money is tighter than ever for students this year, so it’s vital that they know all of their funding options and how to make the most of their cash. Credit Action and Santander are to be applauded for this proactive initiative.’
The Student Moneymanual is available to read online and download for free from the Credit Action website.
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