home  news  study zone  career advice  pq awards  free mag  advertise  contact  nq mag
PQ magazine is for part qualified accountants.

Read the latest web issue here – if you like what you see sign up today

Latest News

Helping students with finance

19 May 2016

One way to helping university students learn the valuable skill of managing their finances would be to introduce monthly maintenance payments, says ACCA’s CEO Helen Brand.

She felt that this would be better than paying one-third of the annual amount at the beginning of each term. This already happens in Scotland, she explained, and mirrors how payment is received in the working world much more closely.

Another initiative she would like to see would be the introduction of a savings account with incentives. The government could offer under-18s a match savings account based on an ISA incentive. So, if the student saves £1,000 the government would match this amount once the person enters further/higher education.

Brand pointed out that some 40% of students leave education with an overdraft, the average debt on the bank balance £894.

[«all news]
preload preload preload preload
Subscribe to RSS