Is a £3,000 student overdraft a good idea?

Considering students already face huge debts thanks to a rise in tuition fees this year, is an overdraft - particularly for as much as £3,000 - really wise?

It's that time of the year again when competition among banks for student customers starts to heat up. Halifax and Santander are the latest to enhance their offerings on the key selling point for these accounts; the overdraft facility.

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