Young people and students

A stone figure student standing on a skateboard

Yay, you've qualified for university and your life as a student is within reach.

Many young people who are about to start studying experience joy and curiosity, but also new challenges. Starting a degree course means beginning a new education in a completely new learning environment and often also in a new living environment.

This is usually a major step towards greater financial independence compared to when you were in school – a step that requires careful planning of financial resources.  For example, starting university often means moving to a new place.  Maybe you will live in your first own apartment or in a shared flat. For many, paying the rent, taking out insurance and covering ongoing living expenses are financial issues that, for a long time, were handled by their parents. As you start your studies, you may now have to address these issues by yourself.  While some are lucky enough to receive extensive financial support from their parents, others have to apply for study allowance and public funding before they can start their studies. To secure a sufficient income, many students need to work during their studies. The double burden of studying and working poses a challenge for many. At the same time, gaining professional experience can be very valuable: Apart from improving your financial situation, you may also develop many valuable skills such as time management and an increased sense of responsibility. This can be a great advantage for your CV and your future career.

The choice of your field of study should be based on your interests and abilities. Still, you should also consider what job opportunities the degree course opens up to. It is worth obtaining information about the employment prospects for graduates of various fields before making a final decision. That way you can set the right course for your professional life and financial future.