Amidst all the revelry, independence and excitement (complemented, in an ideal world, by some studying) that is synonymous with student life, it’s easy to get carried away. The world is at your feet, the student union may as well be at your door and, perhaps most importantly, the student loan is, allowing for any Student Finance-related error, in your bank account.
Student loan day has become something of an institution in the calendar of students nationwide; though not quite on a par with a bank holiday, the payment – often reaching £3000 – invariably culminates in purchases not quite tallying with the collective student’s actual income. Whether it’s a night out, a lavish new television or, as in the case of a friend of mine from my university days, a deluge of DVD boxsets, it’s practically a given that you are bound to make some ostentatious buys quite incongruous with the squalor of your surroundings.
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