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While gambling may seem like harmless fun or a quick way to make extra cash, the reality is often far from it. Gambling can quickly spiral into financial trouble, leading to stress, academic struggles, and long-term debt. With a large amount of money arriving with your student loan, it can be tempting to gamble.

However, here’s why you should avoid or limit gambling with your student loan:

1. High risk, low reward
   Gambling odds are rarely in your favour. The allure of a big win masks the reality that most people lose more than they gain.
2. Impact on mental health
   Losing money can lead to feelings of guilt, anxiety, and depression. The stress of trying to recover losses may also distract you from your studies.
3. Debt accumulation
   Misusing your loan leaves you with less money for essentials, potentially forcing you to borrow more or rely on credit cards—compounding your debt.
4. Future financial health
   Gambling now can lead to long-term financial problems, impacting your credit score and making it harder to rent, buy a home, or secure loans after graduation.

Practical tips for managing your money

• Create a budget and stick to it.
• Avoid situations where you might feel pressured to gamble.
• Seek alternative ways to socialise or relieve stress—join clubs, exercise, or explore free campus activities.
• If you’re struggling with gambling, seek help through the “my money” section on or organisations like or . If you are concerned about your gambling, you can also visit the wellbeing stall on the 30 January 2025 from 12-2pm in the Student Centre where there will be a representative from Breakeven for you to talk to.