Students struggle to support themselves as university rent costs rise

Survey suggests that students feel they lack support from their universities in managing their finances, The Guardian is reporting.

Students are suffering high levels of financial stress as they struggle to support themselves during term time following a real terms decline in the value of the maintenance loan and the rising cost of rent.

Over two-thirds of students rely on the loan – averaging at £509 per month – to finance themselves. However the value of that loan has fallen since it was introduced in 2012 following freezes and below inflation increases.

“More and more students are balancing university work and caring responsibilities and often student parents are hit the hardest through unfair funding systems,” Crossan Jory said.

Read full article here Students struggle to support themselves as university rent costs rise

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