Students in Britain live on £1 per day because of high rental and lack of financial support

Experts say that future graduates need a salary of £30 thousand to benefit from a reduction in interest on the loan for education. Representatives of both the Conservative and Labor parties are arguing about how to normalize the higher education system in the UK, as the latest study showed that the average rental expenses for student are £566 per month, leaving them only £36 - that is, a little more than £1 per day - for all other expenses. The information received from Office for National Statistics revealed that in 2017, Britons spent less than a third of their income on renting housing, but for students, rental "eats" 95% of their income, in addition to additional £509 as a security deposit and a mortgage for housing. For comparison, study conducted by National Student Accommodation Surveу showed that students who prefer to stay at home with their parents give their parents only £167 per month. It is probably no surprise that students in London pay the highest rental rate - about £222 per week, although in other regions the situation is not much better.

Given that half of British students with difficulty pay their rent, 45% admit that financial pressure affects their mental health. One in three believes that this interferes with his studies. "Rent takes a huge portion of my income", - says Marianne, a third-year student at Swansea Universitу. "This means that I constantly try to make ends meet, week after week, and cannot think about anything else", - she adds. "I have to take extra hours at work, work more and more... I do not spend too much, I just try to pay my rent and bills on a regular basis", - says Charlie, a second year student at Napier Universitу.

In an attempt to ease the lives of students, many government members call for the cancellation of interest on student loans and reduce the amount of payments. But financial experts warn that these measures will not bring any practical benefit. Sarah Coles, a financial analyst from Hargreaves Lansdown, explains: "To lower interest or commission is like offering a beer to a student and bring it in a colander. That is, it sounds good in theory, but in practice it will be a lost opportunity. Since most modern graduates will never pay their loan in full, a reduction in interest simply means that the amount of money that will be canceled after 30 years will be reduced. Only students who will receive high wages can benefit from this idea".

read other news here

students Britain high_rental financial_support housing
If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor
3 views in november
I recommend
No recommendations yet


Post your comment to communicate and discuss this article.

Police have launched a manhunt after religious idols and Diwali donations were stolen from two north London temples in early morning raids. The Met said the early morning burglaries were being treated as linked and released a CCTV image of a hooded suspect on Saturday. Officers also urged faith leaders to be vigilant against future incidents. The first happened at the Shree Swaminarayan Temple in Willesden Lane, Brent, on November 9. While the priests were...
Rail commuters have been told not to attempt to travel into London Waterloo after engineering works overran. South Western Railway (SWR) passengers using the route into London Waterloo from Surbiton were warned not to travel on Monday morning. Disruption is expected to last for the entire day and the Network Rail engineering works will not be finished until 8.39am at the earliest.  The rail operator said Woking, Surbiton, Raynes Park and Earlsfield station...
Some 82 people have been arrested after hundreds of protesters gathered in central London in attempts to block five bridges on Saturday, as they demanded the Government take greater action on climate change. The group Extinction Rebellion encouraged people to perform a sit-in across Southwark, Blackfriars, Waterloo, Westminster and Lambeth bridges on following a co-ordinated week of action around the UK. Following their closures, all bridges have now reope...
Almost one million crimes of fly-tipping were reported by councils across England during 2017-18, the first fall in five years. Councils recorded 997,553 incidents of illegal dumping, an average of more than 2,700 a day. It was a slight decrease on the 1,011,000 in 2016-17 and is the first time the figure has dropped since 2013. The government said two-thirds of fly-tipping involved household waste. It did not reveal the total cost to taxpayers of clearing...
Children living in London boroughs with high diesel pollution suffer from stunted lung capacity, putting them at risk of early death, a study has said. Pupils living in areas that failed to meet EU nitrogen dioxide limits were at increased risk of lung disease, researchers found. The research studied 2,000 London school children over five years. "We are raising a generation of children reaching adulthood with stunted lungs," researchers said. Academics fro...
A private school teacher has been left partially blind after another woman smashed a glass in her face during a night out.  Lisa Bertsch, 30, was at the Be At One bar in Richmond when she was hit in her right eye. The tumbler shattered and left Ms Bertsch, who lives with her boyfriend in Kingston, needing emergency surgery. She said the attack happened when she tried to stop the assailant pouring a cocktail over her friend’s belongings. Ms Bertsch added th...
Discarded syringes have been left in play areas and car parks as a BBC investigation found councils were being called 50 times a day to remove them. Figures obtained by the BBC showed councils handled 18,496 cases in 2017-18, a rise of 7% in two years. A volunteer pricked by a discarded needle has told how he faces a wait for HIV and hepatitis test results. The Department for Communities and Local Government said it was "committed to doing more to reduce d...
The German Zeppelin bombing campaign of London during WWI has been brought to the fore again days before the centenary of the war in a film made by schoolchildren. The first ever example of strategic bombing in history - a tactic used in total war with the goal of defeating the enemy by destroying their morale or economy - was during the First World War Emperor Kaiser Wilhelm II initially banned attacks on the capital because of his close connection to the...
London’s busiest train station has recruited a hawk to scare off pigeons following a spate of complaints from angry passengers. Aria, a five-year-old harris hawk, has begun patrolling Waterloostation in a bid to stop people having to “fight" off pigeons while eating. There are 27 food and drink retailers at the Network Rail-managed station, and many customers have complained about pigeons pecking at food and leaving a mess. The birds have been pictured sit...