Trendy girl coming out, student ultimately needing a loan? (2,4)

I believe the answer is:

in debt

'needing a loan?' is the definition.
(someone in debt might ask to borrow money)

'trendy girl coming out student ultimately' is the wordplay.
'trendy' becomes 'in' ('in' can mean fashionable).
'girl coming out' becomes 'deb' (short for debutante).
'ultimately' suggests the final letters.
The final letter of 'student' is 't'.
'in'+'deb'+'t'='IN DEBT'

(Another definition for in debt that I've seen is " Owing money".)

I've seen this clue in The Times.

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