More than £17 billion is loaned to around 1.3 million students in England each year. How many of them are encouraged to use a digital app to help manage their finances? Looking at the open banking stats – hardly any.
This is not about having a banking app but about having a digital guide and mentor (digital or human) to help students better manage their money. What is your organisation doing to encourage students use currently available financial management apps designed to help them better understand and manage their income and outgoings?