The credit crunch, there's no getting away from it- it's highlighted on the television, the radios, even schools are talking about it. And no matter where you go in the UK, you won't hear the end of it. Let's just face it; the credit crunch is here to stay.
But is everyone affected by this unwelcome guest from America?
Ongoing news about the credit crunch keeps reminding us that it affects all of us. Yet according to the essential student network, yogofurther.co.uk, students should not be worried about the affects of the credit crunch as getting credit cards and mortgages are not their highest priorities.
The Students Loans Company (SLC) reassures students that they will still be able to apply for their student loans and high street banks will also be giving out 0% student overdrafts ensuring that students will not suffer from the affects of the credit crunch.
Yet the rise in other prices such as fuel and food may tempt students into getting hold of a credit card to help pay for their luxury items.
Concerns regarding student finance have been rising throughout the years as student debts could spiral out of control due to the cost of borrowing credit cards and loans.
Students should be more concerned about their financial issues as costs for essentials such as food, oil, gas and electricity increase.
According to Head of Social Policy and the National Students Union, David Malcolm, students may find themselves in trouble with debt regardless of the UK students loans market not being affected by the credit crunch.
From excessive shopping and by large, spending a great amount of money on alcohol and eating out, such connotations on what was well described as the €typical university student€ may become extinct as students are now encouraged to think about ways to save their money.
Meanwhile, graduates on the other hand, have been warned that they are unlikely to get their foot onto the property ladder as more banks have become so reluctant to lend.
Concerns arise as graduates find it difficult to borrow money. Mortgage lending fell by 3.5% in February and continues to fall according to the Council of Mortgage Lenders.
According to graduate jobs website, gradplus.com graduates will be unfortunate in the recruitment sector too.
Research by Wikijob has shown that companies could apply cost cutting strategies due to the slowdown of the economy, which may mean ruling out graduate recruitment as the cheaper option.
As the credit crunch slams down on the UK employment sector, the Recruitment and Employment Confederation (REC) found that one in four employers plan to take on more temporary staff rather than permanent staff within the next six months.
Gradplus.com explains that in order to cut costs, graduate recruitment could be one of the many sacrifices companies would have to make.
However, according to The Association of Graduate Recruiters (AGR), there will be a 16.4% increase in the number of graduate vacancies this year.
Elspeth Farrar of the AGR said that the finance sector however, is likely to be affected and advised graduates to €think about broadening their ideas.€
Yet she also highlighted that there is no need to panic.
Spokesman Guy Davies of an executive recruitment firm, Hogarth Davies Lloyd, reassured graduates by telling The Times, €have no fear, the jobs are still here.€
But is everyone affected by this unwelcome guest from America?
Ongoing news about the credit crunch keeps reminding us that it affects all of us. Yet according to the essential student network, yogofurther.co.uk, students should not be worried about the affects of the credit crunch as getting credit cards and mortgages are not their highest priorities.
The Students Loans Company (SLC) reassures students that they will still be able to apply for their student loans and high street banks will also be giving out 0% student overdrafts ensuring that students will not suffer from the affects of the credit crunch.
Yet the rise in other prices such as fuel and food may tempt students into getting hold of a credit card to help pay for their luxury items.
Concerns regarding student finance have been rising throughout the years as student debts could spiral out of control due to the cost of borrowing credit cards and loans.
Students should be more concerned about their financial issues as costs for essentials such as food, oil, gas and electricity increase.
According to Head of Social Policy and the National Students Union, David Malcolm, students may find themselves in trouble with debt regardless of the UK students loans market not being affected by the credit crunch.
From excessive shopping and by large, spending a great amount of money on alcohol and eating out, such connotations on what was well described as the €typical university student€ may become extinct as students are now encouraged to think about ways to save their money.
Meanwhile, graduates on the other hand, have been warned that they are unlikely to get their foot onto the property ladder as more banks have become so reluctant to lend.
Concerns arise as graduates find it difficult to borrow money. Mortgage lending fell by 3.5% in February and continues to fall according to the Council of Mortgage Lenders.
According to graduate jobs website, gradplus.com graduates will be unfortunate in the recruitment sector too.
Research by Wikijob has shown that companies could apply cost cutting strategies due to the slowdown of the economy, which may mean ruling out graduate recruitment as the cheaper option.
As the credit crunch slams down on the UK employment sector, the Recruitment and Employment Confederation (REC) found that one in four employers plan to take on more temporary staff rather than permanent staff within the next six months.
Gradplus.com explains that in order to cut costs, graduate recruitment could be one of the many sacrifices companies would have to make.
However, according to The Association of Graduate Recruiters (AGR), there will be a 16.4% increase in the number of graduate vacancies this year.
Elspeth Farrar of the AGR said that the finance sector however, is likely to be affected and advised graduates to €think about broadening their ideas.€
Yet she also highlighted that there is no need to panic.
Spokesman Guy Davies of an executive recruitment firm, Hogarth Davies Lloyd, reassured graduates by telling The Times, €have no fear, the jobs are still here.€
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