Unless you are particularly wealthy you’ll need to borrow money – twice as much money as students on non medical courses. That’s because you’re studying for more years and more weeks per year. In this section you can find out more about the pros and cons of the main ways of borrowing (other than from family or friends). In order of preference, there are three main places to start.

Student Loans

The starting point for most of you. They have lower interest rates than most other ways of borrowing and you don’t have to start paying them back until you have graduated and are earning , so check out the pros and cons.

Student Overdrafts

These are good news so long as no interest is charged while you are a student and you keep within the agreed limit – but you’ll still have to pay it back one day.

Credit cards

A very easy way to get yourself into unmanageable debt. Try to use credit cards only for cash flow, making a full repayment each month if at all possible. Store cards are best avoided as they usually have a very high interest rate.

If you are worried about your debts, have a look at our section on managing debt, or get in touch with our online money adviser.

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