Newspaper article Evening Gazette (Middlesbrough, England)

Monty Holds Key to Coping with Debt

Newspaper article Evening Gazette (Middlesbrough, England)

Monty Holds Key to Coping with Debt

Article excerpt

A new qualification is helping people get out of the debt trap.

NCFE, the only national awarding body based in the North of England, has teamed up with Mortgage Expert, Monty Burn, to create a new qualification in money management, and provide the general public with basic money handling skills.

The Foundation Certificate in money management has come at a time when personal debt in the UK has risen to an all time high - in particular student debt.

A recent report, commissioned by the Council of Mortgage Lenders, predicted that during the next few years thousands of youngsters will graduate more than pounds 21,000 in debt because of increased tuition fees, easy loans and paltry - if any - grants.

Teesside University graduate, June Brown, accrued pounds ,8000 of debt, despite living at home and working part-time while studying.

The sociology and criminology student said: "I know a lot of people with far greater debts than my own and I think a basic money management course would make people think more carefully about budgeting for the future and managing their money more effectively. …

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