Student dwelling prices within the UK 2021
The student finances is a difficult factor to pin down – however our newest National Student Money Survey reveals the place students’ cash goes as soon as and for all…

Credit: Yevgen Kravchenko, kamui29, Bell Photography 423 – Shutterstock
We all know that student dwelling generally is a dear enterprise – however, simply how dear is it?
Rather than taking wild guesses, we are able to inform you what your anticipated dwelling prices are, based mostly on what hundreds of different students are telling us.
Whether you are desirous to finances your month-to-month bills, or just see how your spending compares to the typical student, we have got all of the stats on student dwelling prices that you just want.
Average student dwelling prices
Expense | Cost monthly |
---|---|
Rent | £418 |
Groceries | £100 |
Going out | £46 |
Transport | £43 |
Household payments | £37 |
Takeaways | £33 |
Clothes & buying | £29 |
Holidays | £22 |
Mobile telephone | £16 |
Course supplies | £16 |
Health & wellbeing | £13 |
Gifts & charity | £12 |
Other | £10 |
TOTAL | £795 |
In our newest annual National Student Money Survey, we requested 3,161 students the place all their cash goes, and the outcomes had been fairly attention-grabbing.
The common student dwelling prices are about £795 a month (or £183 every week), with our findings revealing that the Maintenance Loan typically falls means in need of protecting students’ dwelling bills.
It’s in all probability no shock that lease takes the most important chunk out of the student finances. Although this determine is definitely £13 lower than in 2019, that stat was up £25 from 2018 and £37 from 2017 – so the long-term development has nonetheless been one among rising prices.
Groceries are the second largest expenditure for students, coming in at £100 a month. This would possibly appear to be loads, but it surely breaks down to only £23 every week, which is not too dangerous for a weekly meals store. Nonetheless, to chop down the prices of groceries additional, try our information to saving cash on meals and even strive our weekly meal plan.
Everyone is aware of that students love a great social gathering, and it seems £46 a month is spent on going out. Some could be shocked that that is virtually thrice the quantity students spend on track supplies however, with tuition charges at such a excessive fee, there’s growing stress on unis to maintain additional course prices to a minimal.
Students additionally estimate they spend £37 a month on payments which embrace fuel, electrical energy, water, broadband and a TV Licence. Our full information to student payments has step-by-step recommendation on find out how to arrange, change, break up and finally save on payments.
Which students spend essentially the most?
Surprisingly, solely three of the schools within the prime 10 for complete spending (after lease) are based mostly in London – the University of Westminster, the Royal Academy of Music and the University of Greenwich.
That stated, three of the opposite universities within the prime 10 are based mostly within the south of England: Buckingham, Canterbury Christ Church and Hertfordshire, which ranked first, fifth and sixth respectively. Just one non-English uni made the highest 10, with Scotland’s personal Glasgow breaking the established order.
The very lowest spenders are these at Durham, Edge Hill and Leeds Arts, though Durham’s students are the one ones with a median month-to-month outlay of lower than £200.
At some unis, the typical value of payments is very low (£3 at Aston!) – however keep in mind that these figures are averages. Numerous students’ payments will likely be included of their lease, so they’d probably have reported that their payments value £0.
The desk beneath lists all universities and the typical that students spend on dwelling prices, after lease. How do you examine to your classmates?
Row Labels | Total (£) | Groceries (£) | Takeaways & consuming out (£) | Socialising (£) | Transport (£) | Bills (£) | Mobile telephone (£) | Clothes (£) | Health & wellbeing (£) | Course supplies (£) | Holidays & occasions (£) | Gifts & charity (£) | Other (£) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Buckingham | 827 | 150 | 43 | 150 | 133 | 133 | 13 | 33 | 53 | 53 | 33 | 30 | |
University of Law | 810 | 150 | 45 | 20 | 75 | 135 | 30 | 25 | 25 | 260 | 25 | 20 | |
Royal Academy of Music | 769 | 267 | 33 | 83 | 200 | 37 | 11 | 38 | 20 | 57 | 10 | 3 | 10 |
Westminster | 686 | 100 | 76 | 50 | 136 | 22 | 10 | 41 | 23 | 35 | 22 | 21 | 150 |
Canterbury Christ Church | 639 | 183 | 33 | 48 | 89 | 86 | 32 | 35 | 4 | 28 | 85 | 18 | |
Hertfordshire | 624 | 108 | 63 | 80 | 200 | 34 | 28 | 43 | 19 | 14 | 30 | 8 | |
Open University | 584 | 144 | 47 | 43 | 82 | 105 | 26 | 41 | 23 | 16 | 31 | 13 | 12 |
Derby | 584 | 164 | 44 | 19 | 56 | 145 | 16 | 40 | 6 | 20 | 4 | 15 | 56 |
Greenwich | 571 | 118 | 33 | 59 | 128 | 55 | 24 | 58 | 15 | 34 | 25 | 18 | 5 |
Glasgow | 522 | 110 | 46 | 59 | 52 | 57 | 22 | 31 | 23 | 18 | 93 | 13 | |
Liverpool John Moores | 492 | 119 | 66 | 78 | 64 | 20 | 12 | 59 | 33 | 19 | 10 | 10 | 3 |
Bedfordshire | 479 | 95 | 20 | 65 | 97 | 37 | 22 | 12 | 11 | 75 | 7 | 8 | 30 |
King’s College London | 473 | 113 | 43 | 66 | 53 | 39 | 19 | 48 | 20 | 12 | 22 | 17 | 21 |
University for the Creative Arts | 472 | 107 | 24 | 38 | 80 | 61 | 14 | 25 | 11 | 88 | 13 | 7 | 4 |
Highlands and Islands | 469 | 161 | 90 | 4 | 62 | 114 | 15 | 2 | 16 | 5 | |||
Bradford | 468 | 146 | 47 | 23 | 52 | 28 | 41 | 27 | 27 | 24 | 4 | 28 | 20 |
University of the Arts London | 463 | 132 | 42 | 68 | 34 | 22 | 23 | 22 | 36 | 76 | 5 | 3 | |
Edinburgh Napier | 463 | 103 | 30 | 41 | 68 | 64 | 25 | 21 | 10 | 7 | 81 | 10 | 1 |
Teesside | 457 | 151 | 24 | 54 | 73 | 36 | 22 | 26 | 9 | 22 | 17 | 19 | 7 |
Queen’s Belfast | 454 | 110 | 43 | 43 | 72 | 48 | 22 | 43 | 22 | 8 | 31 | 12 | |
Salford | 451 | 131 | 41 | 48 | 65 | 41 | 16 | 28 | 11 | 20 | 37 | 15 | |
Roehampton | 449 | 99 | 45 | 36 | 20 | 63 | 23 | 28 | 40 | 13 | 25 | 19 | 40 |
Brunel | 446 | 94 | 34 | 28 | 73 | 60 | 6 | 23 | 13 | 6 | 102 | 7 | |
Royal Central School of Speech and Drama | 446 | 166 | 30 | 33 | 93 | 33 | 5 | 15 | 16 | 16 | 13 | 18 | 10 |
Aberdeen | 445 | 124 | 54 | 64 | 30 | 63 | 15 | 27 | 15 | 26 | 12 | 13 | 2 |
West of England, Bristol | 444 | 116 | 37 | 51 | 59 | 46 | 18 | 23 | 15 | 17 | 18 | 19 | 26 |
Swansea | 436 | 119 | 38 | 64 | 32 | 20 | 9 | 58 | 7 | 7 | 51 | 23 | 8 |
UCL | 435 | 135 | 32 | 38 | 91 | 36 | 11 | 29 | 20 | 9 | 14 | 14 | 7 |
Huddersfield | 435 | 127 | 39 | 37 | 42 | 60 | 27 | 40 | 14 | 9 | 14 | 15 | 10 |
Strathclyde | 433 | 107 | 48 | 62 | 39 | 33 | 28 | 31 | 17 | 11 | 43 | 13 | 2 |
Loughborough | 427 | 89 | 26 | 50 | 43 | 17 | 5 | 51 | 13 | 19 | 83 | 13 | 18 |
Oxford Brookes | 426 | 121 | 24 | 43 | 41 | 65 | 16 | 21 | 20 | 34 | 16 | 22 | 3 |
Bath Spa | 426 | 145 | 19 | 25 | 32 | 104 | 17 | 21 | 18 | 17 | 13 | 15 | 1 |
Staffordshire | 426 | 76 | 68 | 68 | 53 | 15 | 21 | 48 | 10 | 18 | 20 | 16 | 15 |
Kent | 426 | 103 | 38 | 46 | 44 | 44 | 20 | 14 | 7 | 12 | 74 | 24 | |
Northumbria | 421 | 124 | 46 | 61 | 19 | 52 | 13 | 54 | 12 | 8 | 26 | 1 | 4 |
Imperial College London | 420 | 116 | 41 | 46 | 75 | 35 | 17 | 39 | 14 | 11 | 11 | 14 | |
Wolverhampton | 419 | 66 | 36 | 38 | 52 | 34 | 27 | 37 | 11 | 72 | 4 | 42 | |
Chichester | 419 | 116 | 48 | 54 | 45 | 27 | 17 | 32 | 7 | 12 | 45 | 18 | |
Stirling | 415 | 147 | 38 | 65 | 66 | 18 | 29 | 28 | 13 | 9 | 1 | 3 | |
Kingston | 415 | 79 | 54 | 29 | 69 | 13 | 21 | 21 | 21 | 24 | 68 | 10 | 7 |
Birmingham City | 414 | 103 | 29 | 30 | 39 | 25 | 13 | 30 | 12 | 14 | 10 | 8 | 102 |
South Wales | 409 | 123 | 44 | 74 | 54 | 7 | 19 | 29 | 20 | 14 | 16 | 7 | 2 |
Bucks New | 406 | 59 | 44 | 112 | 27 | 38 | 34 | 31 | 14 | 14 | 28 | 5 | |
Liverpool | 405 | 102 | 30 | 60 | 32 | 45 | 21 | 29 | 15 | 16 | 33 | 16 | 5 |
Exeter | 398 | 96 | 21 | 42 | 36 | 60 | 19 | 27 | 17 | 18 | 16 | 12 | 36 |
Ulster | 396 | 74 | 54 | 64 | 75 | 28 | 27 | 42 | 20 | 4 | 8 | ||
West London | 396 | 131 | 41 | 30 | 55 | 61 | 10 | 20 | 5 | 16 | 20 | 7 | |
Sussex | 394 | 99 | 24 | 44 | 87 | 29 | 15 | 22 | 18 | 8 | 34 | 9 | 4 |
Leeds Beckett | 389 | 73 | 42 | 42 | 33 | 33 | 17 | 30 | 8 | 57 | 18 | 32 | 4 |
Heriot-Watt | 387 | 78 | 18 | 45 | 52 | 13 | 14 | 17 | 12 | 7 | 33 | 8 | 88 |
Brighton | 386 | 101 | 35 | 58 | 47 | 38 | 15 | 24 | 16 | 9 | 17 | 10 | 19 |
St Andrews | 384 | 114 | 66 | 53 | 10 | 24 | 5 | 25 | 11 | 10 | 28 | 13 | 25 |
London South Bank | 383 | 94 | 76 | 51 | 83 | 35 | 22 | 3 | 3 | 8 | 10 | ||
Winchester | 382 | 118 | 32 | 55 | 37 | 30 | 10 | 30 | 10 | 18 | 32 | 13 | |
Norwich University of the Arts | 378 | 134 | 58 | 52 | 8 | 33 | 8 | 50 | 16 | 8 | 4 | 7 | |
Queen Mary | 378 | 88 | 24 | 34 | 69 | 53 | 12 | 35 | 26 | 26 | 3 | 10 | |
St Mary’s | 375 | 55 | 12 | 63 | 20 | 13 | 26 | 50 | 23 | 22 | 72 | 18 | |
Abertay Dundee | 373 | 93 | 23 | 27 | 23 | 125 | 20 | 10 | 22 | 23 | 7 | ||
York St John | 372 | 118 | 31 | 43 | 43 | 20 | 17 | 44 | 11 | 9 | 26 | 6 | 5 |
West of Scotland | 371 | 80 | 19 | 32 | 71 | 24 | 23 | 19 | 52 | 30 | 10 | 11 | |
Edinburgh | 370 | 108 | 41 | 48 | 24 | 27 | 8 | 28 | 12 | 6 | 42 | 15 | 11 |
UCLan | 369 | 87 | 41 | 43 | 53 | 26 | 17 | 27 | 10 | 17 | 22 | 25 | 3 |
Leeds | 369 | 95 | 29 | 62 | 20 | 41 | 16 | 30 | 10 | 13 | 28 | 11 | 14 |
Southampton Solent | 369 | 107 | 28 | 39 | 14 | 37 | 16 | 26 | 10 | 13 | 19 | 14 | 49 |
Essex | 368 | 88 | 27 | 49 | 83 | 42 | 14 | 23 | 8 | 11 | 7 | 9 | 7 |
Bournemouth | 368 | 91 | 34 | 55 | 33 | 53 | 16 | 24 | 15 | 19 | 16 | 7 | 6 |
Bristol | 367 | 115 | 30 | 53 | 20 | 55 | 14 | 25 | 12 | 6 | 14 | 21 | 3 |
Sheffield Hallam | 363 | 86 | 31 | 70 | 28 | 18 | 15 | 33 | 13 | 18 | 31 | 11 | 9 |
Warwick | 363 | 113 | 32 | 33 | 34 | 60 | 15 | 23 | 13 | 7 | 23 | 11 | |
Dundee | 361 | 87 | 30 | 44 | 27 | 25 | 18 | 36 | 14 | 18 | 51 | 12 | |
Northampton | 361 | 113 | 31 | 59 | 31 | 9 | 22 | 36 | 14 | 20 | 9 | 9 | 10 |
St George’s | 360 | 74 | 37 | 54 | 74 | 24 | 15 | 30 | 6 | 9 | 14 | 13 | 10 |
Sunderland | 360 | 93 | 17 | 30 | 22 | 62 | 21 | 30 | 16 | 3 | 67 | ||
Chester | 356 | 93 | 44 | 60 | 38 | 20 | 12 | 29 | 17 | 4 | 15 | 13 | 12 |
Reading | 355 | 87 | 36 | 51 | 41 | 31 | 14 | 27 | 20 | 11 | 19 | 15 | 4 |
Bath | 351 | 102 | 31 | 39 | 54 | 40 | 16 | 22 | 9 | 4 | 22 | 9 | 3 |
Cardiff | 350 | 104 | 31 | 55 | 30 | 36 | 17 | 21 | 9 | 11 | 15 | 18 | 5 |
Keele | 349 | 97 | 28 | 33 | 36 | 33 | 18 | 36 | 8 | 8 | 13 | 22 | 16 |
LSE | 348 | 60 | 20 | 20 | 41 | 44 | 23 | 30 | 14 | 28 | 46 | 21 | |
Harper Adams | 343 | 128 | 16 | 26 | 54 | 20 | 10 | 23 | 6 | 18 | 20 | 12 | 10 |
Worcester | 339 | 106 | 27 | 10 | 21 | 54 | 23 | 23 | 13 | 5 | 8 | 50 | |
Sheffield | 333 | 98 | 28 | 52 | 25 | 20 | 12 | 23 | 15 | 6 | 41 | 8 | 5 |
Manchester | 331 | 81 | 40 | 48 | 36 | 32 | 16 | 25 | 13 | 6 | 23 | 8 | 4 |
Wrexham Glyndŵr | 330 | 105 | 23 | 15 | 30 | 25 | 38 | 10 | 15 | 20 | 10 | 15 | 25 |
Cardiff Metropolitan | 327 | 110 | 30 | 55 | 27 | 25 | 5 | 25 | 10 | 5 | 35 | ||
Robert Gordon | 326 | 47 | 22 | 25 | 60 | 45 | 8 | 20 | 22 | 37 | 27 | 15 | |
York | 326 | 105 | 21 | 52 | 18 | 16 | 13 | 28 | 14 | 14 | 5 | 9 | 30 |
Cambridge | 323 | 106 | 38 | 26 | 5 | 31 | 4 | 15 | 7 | 80 | 2 | 9 | |
University College Birmingham | 323 | 125 | 30 | 25 | 40 | 50 | 10 | 10 | 10 | 3 | 10 | 10 | |
Newcastle | 322 | 91 | 28 | 44 | 20 | 28 | 14 | 23 | 11 | 5 | 30 | 15 | 15 |
Manchester Met | 322 | 81 | 29 | 25 | 45 | 30 | 17 | 35 | 12 | 21 | 16 | 7 | 6 |
Royal Holloway | 322 | 127 | 23 | 57 | 20 | 33 | 12 | 30 | 10 | 10 | |||
Falmouth | 317 | 78 | 13 | 53 | 60 | 48 | 12 | 9 | 3 | 16 | 3 | 13 | 13 |
Portsmouth | 311 | 94 | 28 | 42 | 29 | 46 | 14 | 22 | 7 | 7 | 11 | 7 | 5 |
Nottingham Trent | 309 | 89 | 24 | 54 | 37 | 24 | 22 | 22 | 10 | 13 | 8 | 6 | |
Southampton | 304 | 91 | 28 | 41 | 19 | 38 | 9 | 28 | 12 | 4 | 18 | 11 | 6 |
De Montfort | 303 | 85 | 27 | 23 | 35 | 41 | 13 | 23 | 10 | 19 | 4 | 17 | 9 |
Coventry | 303 | 98 | 22 | 27 | 32 | 40 | 12 | 24 | 11 | 8 | 10 | 10 | 9 |
Royal Veterinary College | 303 | 76 | 23 | 61 | 42 | 26 | 23 | 15 | 13 | 10 | 3 | 10 | |
Glasgow Caledonian | 301 | 46 | 38 | 47 | 30 | 20 | 20 | 34 | 8 | 2 | 20 | 2 | 34 |
Aberystwyth | 300 | 76 | 28 | 52 | 24 | 36 | 23 | 25 | 11 | 8 | 6 | 11 | |
Nottingham | 298 | 82 | 37 | 43 | 29 | 24 | 15 | 23 | 12 | 10 | 12 | 10 | 1 |
Birmingham | 297 | 81 | 30 | 37 | 27 | 25 | 12 | 25 | 13 | 11 | 13 | 15 | 8 |
Bangor | 296 | 107 | 20 | 38 | 31 | 27 | 9 | 22 | 10 | 10 | 13 | 8 | |
Plymouth | 290 | 93 | 23 | 25 | 27 | 22 | 13 | 20 | 13 | 15 | 13 | 13 | 13 |
Surrey | 289 | 93 | 21 | 31 | 32 | 22 | 18 | 24 | 8 | 7 | 17 | 9 | 7 |
City, UoL | 289 | 80 | 51 | 32 | 38 | 30 | 17 | 16 | 9 | 10 | 2 | 4 | |
Leicester | 283 | 78 | 20 | 28 | 41 | 41 | 14 | 11 | 10 | 5 | 10 | 24 | 2 |
Middlesex | 276 | 58 | 27 | 47 | 55 | 22 | 6 | 23 | 8 | 5 | 10 | 17 | 1 |
Lancaster | 275 | 105 | 32 | 35 | 29 | 5 | 17 | 18 | 9 | 8 | 8 | 8 | |
Oxford | 260 | 79 | 32 | 46 | 13 | 20 | 5 | 23 | 9 | 12 | 12 | 11 | |
Goldsmiths | 257 | 60 | 28 | 23 | 57 | 20 | 7 | 43 | 5 | 3 | 10 | ||
Aston | 251 | 51 | 21 | 31 | 40 | 3 | 13 | 17 | 14 | 6 | 36 | 20 | |
East Anglia | 248 | 67 | 27 | 58 | 21 | 26 | 11 | 12 | 7 | 6 | 7 | 6 | |
Lincoln | 244 | 98 | 31 | 27 | 17 | 9 | 11 | 19 | 10 | 4 | 1 | 5 | 13 |
Hull | 240 | 70 | 22 | 29 | 25 | 8 | 20 | 19 | 18 | 18 | 2 | 4 | 5 |
Leeds Arts | 213 | 48 | 13 | 28 | 13 | 24 | 15 | 10 | 8 | 18 | 25 | 15 | |
Edge Hill | 211 | 63 | 20 | 45 | 16 | 4 | 6 | 19 | 8 | 12 | 5 | 16 | |
Durham | 191 | 64 | 14 | 32 | 11 | 22 | 9 | 10 | 10 | 3 | 9 | 8 | |
The knowledge has been filtered to exclude universities the place there weren’t sufficient respondents, or the place the outcomes included vital outliers.
Average student lease per week
There’s no denying that the price of lease is the most important monetary fear for lots of students. As universities enhance the standard of their halls of residence, their lease costs are going up, and personal landlords are more and more charging extra too.
Rent costs range massively throughout the nation, with landlords in London typically charging essentially the most (students in London obtain a bigger Maintenance Loan to accommodate this).
The desk beneath exhibits the typical value of lease at totally different unis across the nation, so you may see the place you will be paying essentially the most, and the place you will get the most affordable deal.
Row Labels | Average of Rent |
---|---|
LSE | 203 |
Birkbeck | 185 |
West London | 183 |
Gloucestershire | 180 |
University of the Arts London | 177 |
King’s College London | 174 |
UCL | 173 |
Goldsmiths | 173 |
City, UoL | 172 |
Oxford | 169 |
Greenwich | 162 |
Courtauld | 159 |
East London | 155 |
Bucks New | 151 |
Middlesex | 148 |
Suffolk | 147 |
Westminster | 147 |
De Montfort | 145 |
Aston | 145 |
Cumbria | 145 |
Kingston | 143 |
Royal Academy of Music | 141 |
Imperial College London | 140 |
Edinburgh | 140 |
Conservatoire for Dance and Drama | 138 |
Bath Spa | 138 |
Warwick | 138 |
Brunel | 137 |
Royal Veterinary College | 136 |
St Andrews | 135 |
Brighton | 135 |
Loughborough | 135 |
Canterbury Christ Church | 133 |
Hertfordshire | 133 |
Bangor | 132 |
Surrey | 131 |
Heriot-Watt | 129 |
Durham | 129 |
Edinburgh Napier | 128 |
St Mary’s | 127 |
Falmouth | 126 |
Roehampton | 123 |
Staffordshire | 123 |
Northampton | 123 |
St George’s | 123 |
West of England, Bristol | 123 |
Reading | 122 |
Manchester Met | 122 |
Winchester | 121 |
London South Bank | 120 |
Sussex | 120 |
Chichester | 119 |
Bath | 117 |
Cambridge | 116 |
Nottingham Trent | 114 |
Norwich University of the Arts | 114 |
Exeter | 113 |
Strathclyde | 113 |
Abertay Dundee | 113 |
Bournemouth | 112 |
Plymouth Marjon | 112 |
Bristol | 112 |
Glasgow | 111 |
Glasgow Caledonian | 111 |
University for the Creative Arts | 111 |
York | 110 |
Royal Holloway | 110 |
Worcester | 110 |
University of Law | 110 |
Queen Mary | 108 |
Bradford | 108 |
Oxford Brookes | 107 |
Nottingham | 107 |
Plymouth | 107 |
Liverpool | 107 |
Leeds Beckett | 107 |
Lincoln | 106 |
Dundee | 106 |
Birmingham City | 106 |
Kent | 105 |
Essex | 104 |
Liverpool John Moores | 103 |
Swansea | 103 |
Portsmouth | 103 |
Edge Hill | 103 |
Aberdeen | 102 |
West of Scotland | 101 |
Manchester | 101 |
Leeds Trinity | 100 |
Huddersfield | 100 |
Chester | 100 |
York St John | 100 |
Southampton | 99 |
Sheffield | 99 |
Keele | 98 |
Leeds | 97 |
Coventry | 96 |
Newcastle | 95 |
Birmingham | 94 |
Open University | 93 |
Lancaster | 93 |
Leicester | 93 |
Bedfordshire | 92 |
BPP | 92 |
Cardiff Metropolitan | 92 |
Bolton | 92 |
Rose Bruford College | 92 |
Salford | 92 |
Northumbria | 91 |
Aberystwyth | 90 |
Highlands and Islands | 90 |
Sheffield Hallam | 90 |
Southampton Solent | 88 |
Newman | 87 |
Stirling | 87 |
Royal Conservatoire of Scotland | 87 |
UCLan | 86 |
East Anglia | 86 |
Cardiff | 85 |
Liverpool Hope | 83 |
Anglia Ruskin | 81 |
Teesside | 81 |
Sunderland | 79 |
Robert Gordon | 78 |
Derby | 78 |
Wrexham Glyndŵr | 77 |
South Wales | 76 |
Harper Adams | 76 |
Hull | 75 |
Queen’s Belfast | 71 |
Trinity St David | 69 |
Writtle College | 69 |
Ulster | 66 |
Leeds Arts | 59 |
Wolverhampton | 45 |
Buckingham | 28 |
AVERAGE | 97 |
The knowledge has been filtered to exclude students dwelling at residence, universities the place there weren’t sufficient respondents, or the place the outcomes included vital outliers.
Is the Maintenance Loan sufficient?
It’s all very properly understanding how a lot students spend every month – however the massive query is, how do they pay for it?
The majority of students will likely be eligible for some type of Maintenance Loan to cowl their dwelling prices at college, however most students report that it would not stretch far sufficient. The common student receives simply £572 a month from their Maintenance Loan, which falls £223 a month brief of protecting the typical dwelling prices (£795 a month).
In truth, 55% consider the Maintenance Loan is not large enough.
Students advised us:
After obligatory bills for the semester, my weekly finances would not cowl emergencies I could have.
The overwhelming majority of students handle their cash properly and simply discover that there is not sufficient of it to go round.
Over two thirds of students (68%) flip to their mother and father for additional funds, with students getting a median of £131.31 a month from their mums and dads.
But, fewer students than final 12 months are counting on cash from their mother and father. Many are turning to methods to generate profits from residence, and the proportion of students getting a part-time job was up from 67% in 2019 to 74% in 2020.
There’s additionally been a noticeable enhance within the proportion of students who would flip to intercourse work within the occasion of a money disaster – 10%, which is a considerable enhance on the 6% determine recorded in 2019.
It’s clear that the Maintenance Loan is not sufficient to cowl dwelling prices for the overwhelming majority of students, and the federal government must make some critical adjustments to Student Finance in an effort to repair this.
To make your Maintenance Loan last more, try our information to budgeting at college.