University students live on kebabs and credit crunchies

The Financial Services Authority has gone on red alert in the wake of the shocking news that a third of students are constantly overdrawn.

The financial services watchdog is introducing a financial education programme to 50 more universities this year because young people are least able to manage their finances among UK adults (preparing them well for a future in banking).

Downtime reckons software suppliers should get in on the act because there is evidently a need for accounting solutions in the student community, and the government is clearly throwing money at them. 

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