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 september
I recommend
No recommendations yet


Comments are designed to communicate and discuss the features of an enterprise or event, as well as to find out the interesting questions on it.

A teenage girl was raped in broad daylight in an east London park, police have said. The Met's child abuse and sexual offences command is investigating the attack, which happened in West Ham Park on Tuesday. The female victim was attacked by a man close to the entrance opposite FairlandRoad, Scotland Yard said. It happened at about 4pm. No arrests have yet been made. West Ham Park, which dates back to the 16th century,is run by the City of London Corporati...
The number of homes in London will need to rise by a quarter within 25 years to cope with its rising population,official figures showed today. In a dramatic indication of the scale of the challenge, the Office for National Statistics said an extra 844,000 new households will be formed here by 2041 if current trends continue. That amounts to a 24 per cent increase on the existing total and would give London — which now has about 3.4 million households — a n...
Earlier this summer, Yoshua Bengio, the McGill-based Artificial Intelligence pioneer and one of the world’s leading authorities on neural networks and machine-learning, added his name to a growing global list of experts and laboratories in the field that are pledging to have no role in the creation of what are called “lethal autonomous weapons” (LAWs). The signatories’ premise is as benign as it is unsound: that machines must never be given the authority t...
Mayor of London Sadiq Khan has said he cannot be sure when Crossrail will be complete. Mr Khan said he will talk about a revised timetable at some stage, but only when he has confidence in it. It was announced on August 31 that the capital's new east-west railway would open in autumn 2019 rather than December this year. Mr Khan previously revealed that he only learned of Crossrail's delay two days before the announcement. The mayor was asked on BBC Radio L...
Just weeks into a new school year, Western University and its roughly 1,650 faculty members are locked in a contractdispute, with faculty taking a strike vote among its members. But if there’s potential for labour disruption, it’s news to many students still easing into their new academic routines. “We literally had no clue,” said Melissa Trueman, a fifth year student at the university. “Students are trying to accomplish a goal but they can’t do it if thei...
A large group of Uber Eats drivers blocked a road in east London today as they staged a protest over pay. Protesters said it was a spontaneous show of action against the company, as drivers claimed rates for every delivery had been reduced without it being agreed first. An Uber Eats spokesman said the firm has made changes to its payment structure in London in response to feedback from couriers. "As we transition to the new system, we're introducing minimu...
A gunman has open fired on a north London street, leaving two injured and reported holes in a taxi window. Armed police were deployed to Islington on Thursday evening, at about 9.30pm, after witnesses reported hearing gun shots and people running from the area. The suspect then fled the scene, on Essex Road, police said. Officers found two people – a 34-year-old woman and a 40-year-old man – suffering from minor injuries. The woman, police added, was taken...
A businessman and his family were targeted in an arson attack which police are treating as a suspected race hate crime. Mac Karlekar, 44, and his wife and 15-year-old son fled their home in Orpington after their hedge was set on fire. Mr Karlekar has told how he was woken up in the early hours of the morning by neighbours, who were alerted by the “uncontrollable” barking of their dog Maggie. The neighbours opened their window and saw the blaze, then they c...
Police have admitted for the first time that an undercover officer had a sexual relationship with an environmental activist with the knowledge of bosses. Legal documents seen by the BBC reveal they knew about Mark Kennedy's relationship with Kate Wilson and allowed it to continue. She was among several women he had relationships with while undercover. In public statements to date, police have maintained such relationships would never have been sanctioned....