People setting up businesses to supplement student loan


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An increasing number of people heading into higher education are setting up their own businesses in a bid to supplement the money they receive through their student loan, it has been suggested.

The Guardian reports that many young people are looking to become entrepreneurs to ease their student finance problems, with a number of universities encouraging scholars to go down this route.

Learning institutes are setting up business incubators and enterprise societies to offer facilities and advice and Hushpreet Dhaliwal, chief executive of the National Association of College and University Entrepreneurs, said: “Two years ago there were 12 of these across the country – now there are 86.”

And it appears youngsters are taking matters into their own hands in order to make sure they can keep themselves in good financial condition, with some turning to part-time occupations such as being an Avon lady to add extra cash to the money they receive through their student loan.

Metro recently reported that business student Jack Tang recently set up his own jobs website in a bid to make it easier for those in higher education to find positions suited to their timetables.

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