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Students 'are trying to stretch their income further'

Wednesday, 27 April 2011

Posted by Mozo

Young people at university have to work an average of 12.5 hours to 14.5 hours each week to balance their student finances.

These are the findings of a Monash University report cited by the Age, which revealed that some Aussies in higher education are struggling to make ends meet.

Vince Callaghan, student services expert, noted that the cost of living is now greater than the amount of income prospective graduates receive.

"With living costs outpacing student income, students must find ways to stretch their modest income as far as possible, without sacrificing study commitments," he commented.

Those who want to ensure they get the most out of their money may benefit from going online to compare student banking options.

Earlier this month, government figures revealed that the number of Aussies studying at universities in the country rose by 50,000 over the last two years, which tertiary education minister Chris Evans said was "great news for our economy".

Have a question about student banking? Ask the money gurus at Mozo AnswersADNFCR-1761-ID-800513258-ADNFCR

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