Students struggling with impact of cost of living crisis
Students are facing financial and mental health concerns as soaring prices take a toll on their wellbeing, a survey has suggested.
The survey, run by the website Save The Student, suggested four in five had considered the prospect of dropping out of university."This is the most worried I've ever been about the financial situation students are facing," said Save The Student's Jake Butler. Rent is by far the largest outgoing for students, followed by groceries. Living costs have seen a 14% increase since last year's survey, according to the responses, with the average student now spending £924 per month.of 9.9%, which tracks how the cost of living changes over time. Save The Student suggested that a typical maintenance loan in England fell £439 short of covering these costs every month.
Of those who were worried about making ends meet, some 59% said their mental health had suffered, and 64% said their social life had taken a hit.One student, who wished to remain anonymous, told the BBC that finding accommodation covered by the maintenance loan was impossible.
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