Fool.co.uk have warned students and graduates to avoid getting into credit card debt and advise not to buy anything on credit, you can't afford to pay for in cash.
David Kuo, head of financial services for the group says now is the hardest time to be a student or graduate, as the economic situation means finding a job as fast as possible is crucial.
Recent figures from Push found that the average amount of student debt accrued each year is £4000, which can leave people with significant financial problems upon completion of their course.