The estimated average expenditure of a student living outside London for 2011/12 was £16,279 and for those in the capital it was £17,428, according to National Union of Students (NUS). With the mounting financial pressure, leading credit information provider Equifax believes it has never been more important that students going to university are more pro-active with managing their finances.
“It is vital that students keep a close eye on their financial situation, especially given that for many it is the first time they have to manage a budget and handle large amounts of money,” says Neil Munroe, External Affairs Director, Equifax. “Young people need to be more financially savvy than ever before, but this doesn’t mean they have to miss out on having an enjoyable time at university.”
“With a little careful preparation and budgeting, students can avoid getting into financial difficulty, which will help them deal with the realities of graduate wages. Being careful now could secure the future of their finances, as well as their education and career prospects.”
Equifax’s Top Tips for Finances whilst at University
The Equifax Credit Report is accessible for 30 days free simply by logging onto www.equifax.co.uk. If customers do not cancel before the end of the 30 Day Free Trial, the service will continue at £8.99 per month, giving them unlimited online access to their credit information and weekly alerts on any changes to their credit file. It also includes an online dispute facility to help them correct any errors on their credit file simply and quickly.
The Equifax app is available free from the Apple iTunes Store on iPhone and iPad and from Google Play for Androids.
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Equifax is a global leader in consumer, commercial and workforce information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates or has investments in 18 countries and is a member of Standard & Poor’s (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. For more information, please visit www.equifax.com.
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