keynes
Multiverse Poster
It probably dates back quite a while.
I think when I went to uni given that I lived in halls for two years, we had to pay for accomodation and food on a termly basis (ie. for the whole term at the beginning of the term) so if I'd gotten money split monthly/weekly I wouldn't have been able to pay the rent/food initially.
Though do note this was quite a lot of years ago now, it's quite possible it's just not done like that anymore.
What students and many people actually need is to be shown that they do not need to go out and buy everything they want, they need to budget and work out what they can afford and can't afford!
Or the loan to go directly to uni for tuition fees or accommodation.