With the effects of the recession together with the rise in tuition fees and student living costs, university students expecting to start university within the next month or so, may find themselves struggling for cash.

Students could seek a number of ways to cut back on costs as a bid to make ends meet.

One way could be by taking advantage of the university facilities.

Students who would usually have planned to take their cars to university may now consider making full use of the bus services provided by the university.

Most university campuses are bike-friendly and offer student bus services to and from campuses.

There has already been an increase in the number of students using two wheelers whilst at university, and more students are expected to take advantage of these services and leave their vehicles parked at home to help with their budgets at a time where tuition fees are high and the UK economy struggles to pick itself up.

With bikes being a cheap piece of transport, by opting for a two wheeler rather than taking a car, students would be able to benefit from cheaper insurance costs, fuel and repair costs.

Cycling up among students

Steve Price, the head of general insurance at finance provider, M&S, said: "Cycling has grown in popularity in recent years among green-minded students who want to save money and do their bit for the environment."

The recession is just another reason as to why students should opt for a bike.

However, thousands of students starting their new lives in university this year are being warned of the increase in theft.

Price added: "Unfortunately bikes are a prime target for thieves and cyclists should take basic security steps to decrease the risk of becoming a victim. Simple measures like leaving your bike in a well-lit area and using a good quality lock can deter a would-be thief."

Research by the finance provider found that nearly 22 per cent of university student cyclists across the UK have fallen victim to bike theft.

And with a further 14 per cent of students having fallen victim to burglary while at university, together with the 22 per cent experiencing having their bikes stolen, only 16 per cent of students were found having had taken out a home or bike insurance policy to cover their possessions whilst at university.

Check your cover before you go

Price stated that students should check a few details before heading off to university.

He said: "It's important to make sure you are insured in case your bike is stolen or damaged. Some home insurance policies cover student" property whilst at university.

"Before taking out a separate policy students should check whether their parents' home insurance policy covers their property when at university," he added.

However, this may not be the case for some students. An insurance expert at a price comparison website, said: "Finding the right insurance deal isn't just about finding the very lowest price - it's also about ensuring that the policy covers everything required.

"Searching for the right deal can be time - consuming, so people looking for an insurance policy could benefit from speaking with an expert insurance adviser."

M&S advises students to take a number of steps to ensure their bikes are secure, such as storing the vehicle in a secure garage or shed, keeping the door locked, lock the bike when not in use, avoid leaving it in dark or poorly lit places, and secure removable parts.