
Students are being forced into taking out large overdrafts while at university due to the way in which higher education funding is set out, it has been claimed.
Push.co.uk editor Johnny Rich explained taking out finance is not in itself a bad thing, but suggested the reasoning behind it should be sound.
"If there is anything wrong here it's that students have to rely on overdrafts in the first place but that's something different altogether," he said.
His comments come after figures from the Student Loan Company revealed the number of people applying for finance has risen by nine per cent since the 2007-08 academic year.
Meanwhile, the Association of Investment Companies annual survey suggested the recession is causing parents to struggle when financing their children through university.
Almost three-quarters (74 per cent) of parents told the body they were feeling the strain, while 42 per cent of students claim it will take in excess of ten years to pay off their debts.