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Banking preys on students

Tips for students

In this article I am going to outline some of the problems students encounter whilst studying, once they obtain their qualification, and also debt problems young people in general find themselves in. I was inspired to write this hub because I was a student myself and had to survive some financial stumbling blocks along with friends of my own who have similar problems. Referring to the title of the hub, I would like to outline some problems I see with banks marketing strategies and how you can avoid being bamboozled by your ‘friendly’ advisor.

http://hubpages.com/hub/Banking-preys-on-students

To begin with I will start by telling the story of when I first entered university at the age of 21. I had recieved my student grant from the student loans company and this was to cover my tuition fees, rent, equipment, food etc. I managed fine with this and didnt go over board with the partying, being away from home at beautiful Swansea was fun enough for me. However, by the end of the year my old computer I had taken with me decided to conk-out. My parents advised me to talk to the bank about their student loans, Royal bank of Scotland who i was with said I could have upto 1500 pounds. This was perfect studying graphic design, I went straight out with my friend to PC world and bought myself a new iMac G4 for around a grand.

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