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Students Turing To Internet To Help Manage Funds

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A new report has shown that students are using the internet to help them manage their finances as much as for entertainment purposes, new research has revealed.

A study carried out by Nielsen Online found that the three most popular websites for people aged between 18 and 22 were all linked to student finance .

The websites for the Student Loan Company, UCAS and Student Finance Direct all were found to have had the largest concentration (40 per cent) of 18 to 22 year olds.

Alex Burmaster, internet analyst at Nielsen Online, said the findings suggest that young people are now placing more importance on how they manage their finances while in higher education .

"It's interesting to see that the sites with the heaviest concentration of young adults split into two conflicting groups - functional and entertainment," he said.

"This mirrors the uneasy transition of growing up from teenage years into adulthood and the associated increase in responsibility."

"Whilst entertainment, mainly through video sites, still has a place, this has been usurped by the need to investigate higher education and financing oneself through it."   

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