Being a student in 2019

Silver_Queen

peterbaker wrote: »

He's a he (I think!...), SilverQueen, so that puts him at a disadvantage immediately in attempting to identify and moderate true costs and organise a budget and stick to it!;) Trust me, it's an XY chromosone thing at any age for some of us

So I am not surprised at anyone getting into that sort of debt in less than 3 years let alone a younger person suddenly expected to survive perfectly on their own. The debt is surely peanuts compared to overall typical living costs in a major City. He's explained that over half of it was with what I would call loan sharks although he more politely said loan agency. The £4,000 total on overdrafts could be explained by having accounts with two or more different banks. I think that's not unusual.
Time flies when you're having fun

Living as a student in a major city is not the same as living as an adult earning a salary in a major city! Unless you have rich friends, most of your friends won't be wanting to spend loads of money on a day to day basis, so I would say it's easier to be 'frugal' as a student.

In terms of the borrowing, would that raise questions of responsible lending? I would definitely say that lending £8k to a student is not responsible...