How to reduce university debt

As the deadline to submit applications for student finance looms, students are being urged to be cautious with their spending once the first instalment hits their bank accounts. The National Union of Students estimates that young adults will graduate with an astounding average of £59,000 of debt, a figure that can be marginally reduced with a few lifestyle changes. Vivi Friedgut, a former private banker who now teaches financial education, said: "The only way to reduce the final debt after graduation is to keep an eye on current spending. "It's incredibly easy to get carried away w...