The average student in the UK has only 50p to live off a week because of high rent demands according to a report.
Rents for student accommodation have increased by an average of 14.6 per cent over the past two academic years, according to a new report published by Unipol and the Higher Education Policy (HEPI).
The average maintenance an English student receives this academic year is expected to be £7,590, versus the average rent in England of £7,566.
This means the monthly rent bill now swallows up nearly all of the average maintenance loan.
University of Salford student, Noah Martin, lives in the Salford Quays area and has been forced to take on more hours at work to afford rent.
Noah admitted: “For it’s more about having to take on increased hours at work, which means I don’t get as much time to study, which means it could in the long term affect my grade because I don’t get enough time to actually commit to studying.
“I don’t think we’ll probably see the effects of it till the end of the year when it’s like you actually add up how much time you spend studying, it’s not looking very good.”
Another University of Salford student, Charlie Cross, lives in a student house in Pendleton and is paying £160 a week.
Charlie added: “We’re paying for a house that is drastically overpriced. I think there’s not much that can be done about it. I know it’s the landlords that want to get more money because they’ve also got a lot of increased costs.”
Most students are often turning to their parents/ grandparents to ask for more money if they’re struggling.
Josh Gerrard also studies at Salford University and lives in the student block Eddie Colman in Pendleton. Josh admitted he’d be “done for” without his parents financial help.
Josh added: “My student loan doesn’t actually cover my rent, that’s something my parents and grandparents help out with. If I didn’t have the help of my parents I’d be done for.”
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