Abacus Daily Debt News

Students working through Christmas to fund studies, research shows

The majority of students have plans to work through the Christmas holidays in order to help fund their time at university and reduce the amount of debt they will be in at the end of the three or four years, new research has revealed.

Studies by Studentgems have indicated that 82 per cent of young people questioned will be employed over the Christmas break.

What’s more, 16 per cent will be at work for at least three hours on December 25th, as well as on Christmas Eve and Boxing Day, stating that the reason for this is higher wages.

Of those polled, 93 per cent admitted that the jobs they will be doing at this time are both unrewarding and irrelevant to their chosen careers but are necessary to fund them through the winter.

This comes after recent research from Endsleigh showed that university leavers believe that it will take them up to 20 years to pay off the debts accrued while at college.

By Sarah Adie