Scottish Investigation Into Student Financial Support

Working with the Money Advice Service, Young Scot has launched a national search for students from across Scotland to join a new youth-led investigation called ‘Save,Study,Spend’. The group will research and identify support and services for students to help them get to grips with their finances.

The group has been created following a survey by the Money Advice Service has found that an increasing number of young Scots are in difficulty with debt and find it harder than older age groups to handle their personal finances.

‘Save,Study,Spend’ will involve a group of fifteen students, aged 16-25 from across Scotland. Over the 18 month project, the panel will look at support services to help students manage their finances in order to identify where the gaps exist, as well as developing and testing new and innovative ideas for support.

Louise Macdonald, Chief Executive of Young Scot, said,

“Being without money while studying can seriously limit opportunities at the very time they are needed most. It’s heart breaking to hear that more and more young people are getting into difficulty with debt. This has to change and we’re looking forward to working with young people to co-create a system that will widen access to financial capability support whilst at college or university.”

The ‘Save, Study, Spend’ project will be funded by the Money Advice Service’s What Works Fund, which aims to gather robust evidence on what approaches work well to support people from across the UK to manage their finances well and increase their financial capability.

Caroline Rookes, Chief Executive for the Money Advice Service said: “There is an urgent need to help young people across Scotland gain the skills and confidence that they need to make good decisions about their money. The research gathered by the student investigation panel will be extremely important to help us discover where the gaps lie in current services, what new approaches can be developed and used, and establish how we can make a difference to people’s financial capability.”

For further information or to apply for a position on the new panel, please visit