According to the most recent Student Village Student Spend Survey, the average South African student is in debt.
Students spend an average of R2 702 each month which is more than the average South African who spends R2 100.
Most students receive money from family members, student loans, and student funding projects.
However, out of all the students who receive funds, only a small percent of them save.
these students save up to R540 a month.
College Education Theme confirms that students' money goes towards rent, vehicle repayments, petrol, and medical costs.
A large amount also goes to some non-essentials like clothing, computer games, and alcohol.
One in four students has retail cards with Edgars, Markham and Truworths being the most popular and about 42% of students aren't aware of how much interest is charged on their accounts.