Lazy student stereotype 'is inaccurate'

By Sarah Engle, Mon 11 Aug 2008 - Published in Banking

Students are working their way through university in order to keep loans to a minimum and avoid being left with too much debt, according to new research.

A study by Halifax suggests the stereotype of the partying student is outdated.

The survey found 66 per cent of students have a job while studying, with 18 per cent being employed in at least two different roles.

It was also revealed on average students spend under six hours a week in the pub and less than ten hours a week on other forms of socialising.

Mike Regnier, head of banking at Halifax, said students needed to ensure the money they were earning was working as hard as they were.

He commented: "It is vital that students make the most of their finances at this crucial point in their lives and choosing the right bank account needs to be a key consideration."

Elsewhere, a study by Lloyds TSB discovered 27 per cent of new university students are planning to live at home with their parents in an attempt to save money.

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