Almost two-thirds of freshers have not saved enough money to start university, according to the 2005 Natwest Student Money Matters survey.
Around 39 per cent said that they felt financially prepared to start university this year, but almost three-quarters of new students cited money as their biggest worry over failing exams, making new friends and coping with the workload.
Head of NatWest Student and Graduate Banking, Simon Turner, said: "Starting university should be one of the most exciting times of your life, but it can be stressful.
"And whilst it’s clear from the results of this year’s survey that money is high on the list of concerns for their year’s intake, students should be aware of the wide range of support which is available to them, both financial and non-financial, from banks, the NUS and universities."
According to Natwest, eight out of nine first year students are planning to work part-time to get themselves through university.
The National Union of Students has estimated that the average student expenditure for the 2005/6 academic session is almost £9,000, climbing to over £10,000 in London.
A survey by the Association of Investment Trust Companies (AITC) has revealed that students seriously underestimate their debt on graduation.
While young people speculated that they would owe around £7,000, research by Barclays bank has revealed that the average graduate's debt is likely to be around £13,500.To read more about Savings Accounts, click here.
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