loan search for homeowners

British university students and university graduates have been urged to manage their loans sensibly. And with a recent study by bank NatWest calculating the average level of student loan debt at £12,363, it seems many need all the advice they can get.

Richard Brown, Chief Executive of moneynet.co.uk, an online secured loan provider, advised debtor students that they should seek to prioritise repayment of credit card debts over the student loans they have incurred.

He said, “You have a very long window to repay student debt - nobody is saying that you should be cavalier about this as some people graduate with substantial student debt but it is a fact of life unfortunately, whereas carrying big wads of debt on a high interest credit card isn't.”

One debt students are unlikely to have, except perhaps mature age students who have taken out a homeowner loan in order to fund their further education, is any form of secured loan.