The National Skills Academy for Financial Services (NSAFS) is to visit colleges and universities throughout September in order to teach students how to keep their money in order.

As part of a build up to Money Week 2010, the organisation wants students to make a pledge to manage their finances better and think more about how they can reduce their graduate debt .

Students will be encouraged to choose an area of finance which they would like advice on, from bank accounts to credit cards, and colleges and universities will then base training courses around the results.

Sylvia Perrins, chief executive of NSAFS, said: Colleges have an important role in shaping the future. Providing their students with an opportunity to become more financially astute is fundamental to our individual and national prospects.

Credit Action recently said that zero per cent credit taken out by students to fund their way through university may help them believe that going into debt is ok, encouraging them to take up more expensive options such as personal loans .