Thursday, October 15, 2009

Case studies: Making ends meet is a struggle even with loans

STEVIE WISE, 23, is going into the fourth year of a religious studies degree at Edinburgh University and worries about how she is going to make ends meet this year.
She has struggled to get the level of overdraft she needs to sustain her living costs, and her credit card limit was reduced because she missed a payment by 30p.

Ms Wise depends on her two credit cards and bank overdraft to get by.

Over the sumADVERTISEMENT

mer she struggled to find a full-time job meaning she is now going to have to work part-time, which she had hoped to avoid in her final year.

As a last resort she has been forced to borrow money from friends and family.

"I've already had to drop out once for financial reasons, and it's a real worry for me.

"I broke my foot in October 2007 and I couldn't work, which meant my money troubles were horrendous, even worse than now, so I just had to cut my losses and go home."

And she says she is not alone in her money worries.

She said: "It's unbelievable what Scottish students are given to live off, I don't think people realise. We are just getting in more and more debt. Something really, really needs to be done."


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