Having direct access to a dedicated student bank manager can make a real difference. Their understanding and experience of the students individual needs Freshers can really help prepare financially for life at the university and avoid many pitfalls, which can lead to a financial headache. Here are the following advice for freshers on how to try to avoid the trap of debt while studying at the University:

Tips on how to avoid student debt

Live in university accommodation for as long as possible - it can be cheaper than renting privately.

Shop for food with friends - buying in bulk can save money and how you can take advantage of 'buy one get one free offers.

Students can ask a lot of discounts. Make sure you use your ISIC or from the National University of Singapore and to create in your Student's Union for a number of unique offerings that are available.


Do not rush out and buy all the books on your reading list, the first day of the term, there will be many opportunities to buy used books

If you work, check whether you have to fill in a form P38 (S) so that tax will not be removed from your income.

Ask other students how you need to pay the bills. Fill a budget planner and regularly review to see where your money is being spent and whether it is not relevant to the budget.

Record all of your transactions you spend them so that there are no surprises when your bank statement arrives.

If you have trouble, talk to your student advisor at the earliest opportunity - not to sweep the cash flow problems under the carpet.

Finally, it is easier said than done, but not working up a huge debt in the first couple of months. Going out every night in the first term may make you popular, but could mean a serious lack of social life later in the year.