Student debts teaching a lesson in credit use

‘ALMOST half of all students believe university has altered their approach to debt, with 40 per cent vowing never to allow themselves to get so far into the red again, a new survey revealed today.

In a study by internet bank Egg, nearly three quarters of students questioned said they thought the amount of debt they had racked up was an inevitable consequence of higher education.

But while six out of ten students said they would use credit cards in the future, 47 per cent said their student debt had fundamentally changed the way they would use credit once they had graduated.’

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