41% of students have gone without food because of money concerns. This and more shocking facts about student finance
- studentmoneysaver.co.uk survey reveals a few shocking facts about student finances today.
- 41% of students say they have gone without food because of money concerns and 73.8% report that their maintenance loan is not enough to live on.
- Scroll down to help future students by filling out our Student Cost of Living Survey.
Studentmoneysaver.co.uk surveyed 988 students, asking them a number of financially related questions. The results may prove rather shocking. As well as students going without food and finding that the maintenance loan doesn’t begin to cover the cost of living, 50.2% say they rely on parents for money and 3.6% admit to having done something illegal for money - we'd rather not hazard a guess as to what.
Many students find that their parents earn too much for them to qualify for extra support but their parents can't afford to fund them:
Every student should so get the same loan, i'm not poor enough to get decent funding and not rich enough to get money from my my parents— Joshua Peroti (@jshuwaa) March 2, 2015
Full report found here.
It’s no surprise to hear that students struggle to make ends meet. The maintenance loan for those from a middle income background and studying non-professional degrees stands at £3,610 (outside of London). The average student rent is £4,834 according to the NUS. You do the math!
And this student's maintenance loan has been reduced:
Thanks student finance for dropping my maintenance loan yet again. Not like I struggle enough as it is.— Chlo ☯ (@Chloehiggins_) March 14, 2015
The Complete University Guide is currently running a Student Cost of Living survey. We aim to produce a map of the student cost of living around the country. All with the intention of providing applicants with more useful information.
Help us help students and tell us how much it costs to study where you are: