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Money case study

NICHOLAS FLOWER, 18, will today find out if he has achieved the grades he needs to study international management at Manchester University this autumn.

Everything else, including his loan, accommodation and student bank account, is in place. Flower has chosen a NatWest student account because, he says, he has banked with it “forever”. But the free young person’s railcard offered as part of the deal will also come in handy

when he goes home to Somerset at least two to three times a term.

He has £5,000 saved up from working part time at a sports centre to give him a start and is entitled to receive the maximum student loan of £4,405. His accommodation will cost him £2,500 in the first year.