As a student, managing your finances can be a serious challenge and you might find yourself as a student looking for or at the very least researching a payday loan. If this applies to you then this is honestly nothing to be ashamed of! Student loans can and do often fall short of the amount(s) that you need in order to purchase food, course books or to pay your utility bills. This is especially pertinent given that the student loan itself is split into three, so there can be long periods where you, as a student, have little-to-no money at all! Enter, the payday loan for students.
The payday loan for students can be a really important tool for students to make use of – even more so if the bank of mum and dad is closed for whatever reason. They can help you make ends meet before your next student loan payment, to pay for bills or rent or course materials. Below, we have compiled a detailed and expansive list of reasons as to why, as a student, you might need a payday loan:
- To help you pay for your utility bills. These can be very expensive, especially if you are sharing a house with 5 or 6 people and can include gas, electric, internet, and water.
- To help you pay for your rent. This is always a costly output and the costs are more than likely going to be eating up a large portion of your student loan. Rent can be slightly cheaper in the north of England or Scotland for example but if your University is located on the south coast or in London then this will be very expensive.
- To help you pay for course books or University resources. Unfortunately, and perhaps unfairly, these are costly and no matter what course you are studying you will have to pay for some resources or text books. In subjects such as English, you can be required to purchase new books each term, and even second hand these costs can often accumulate quite quickly. If you are in a course such as Physics or Maths, then the course books can cost upwards of £50 each!
- To help see you safely (financially speaking) to your next student loan date. At LoanPig, we understand that sometimes budgeting just doesn’t work out. Maybe you spent too much at a social or on a night out with friends. Perhaps you had a dental bill that needed paying and you were therefore left without enough funds, or maybe you just couldn’t resist temptation and treated yourself to a new pair of trainers that you didn’t really need… Whatever the reason, our payday loans are here for you when you need them most.
So, if any of the above applies to you then you may well want to get in touch with us to discuss your options regarding payday loans. As a student, you may not be eligible for a payday loan with us. However, our advice would be to apply, as it won’t cost you a penny, and this way you can see if you are indeed eligible for a loan with us. If, for whatever reason, you are not eligible for a student payday loan with us then as a broker we are able to connect you to a wide range of lenders who should be able to help you.