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According to, every graduate job in the UK gets an average of 52 applications, and the average student will leave university with a combined debt of £53,000. And as of this year, British universities will be able to charge up to £9,000 for tuition.

So it's little wonder that, in a recent study, exam stress (65%) and money worries (61%) came at the top of students' top ten problems.

What can students do to keep on top of their money while they're studying?

An expert from thinkmoney had this advice: "The first thing students should understand about student loans is this: they are not like normal debts. A student loan won't affect your credit rating, and you only have to pay it back if you can afford to. The repayments are based on how much you earn - not how much you owe. And after thirty years, if you haven't managed to repay all of it, it gets written off.

"It's more important to focus on other aspects of student finance, such as rent, utility bills and money for food, books and equipment - as well as the cost of socialising.

"It can help to get a part-time job while you study - preferably in your first or second year, as you may need to focus on your studies more in third year. You should then figure out how much money you have to spend each month and make a budget. Prioritise important payments, like rent, bills and food, and then see what's left over. You can use this leftover money for socialising, or even save it.

"Sometimes, however, no matter how much you budget you simply don't have enough. In this case some people might look to student overdrafts, credit cards and personal loans. However, this should be avoided unless you can be 100% certain you can pay it back.

"If you're not very good at budgeting, there are personal accounts available that can do it for you - such as the thinkmoney Current Account. It splits your money up each month, effectively 'freezing' the money you need for bills and rent payments. The rest goes into a debit card account, so you know exactly how much you can spend."

Quick and easy to apply

Apply for a thinkmoney Current Account today.

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