So you've finished cramming in your revision, bounded your dissertations and thrown off your hats.. Its the end of your stressful worries right? possibly not. The average student debt in the UK has amassed to quite a considerable figure of approx £15,000. Thats a huge sum often equal to a yearly salary for a new graduate - so not something you want hanging over your head.

You've heard it often enough perhaps you should consider consolidating your debt that you have racked up on credit cards down the off licesnse, department store or from trips to amsterdam.

Your Options Should you go to your bank? well many of the financial institutions have been er' can we say sucking up to you for the last 10 years, they don't want to lose your custom just yet. Thats partialliy why many banks offer preferentiall rates with a low rate graduate loan. These loans can be anything from around £3,000 to £20,000. The typical graduate loan offers: - No arrangement fees - Up to 7 years for repayment - Payment holiday of up to 12 months - Optional loan insurance

However its often best to shop around, as your current bank may not be offering the best rates. Do negotiate though you never know what they might do if you say you've found a better offer, and ask yourself why you should give your current banky your loyalty anyhow.

Loyalty counts for little in todays society - especially in the financial world. So tae a step back and consider your options.