Search

Thousands of university students to spend half of support grant on accommodation

12:00 24 August 2014

History student Hannah Bloxham, 19.

History student Hannah Bloxham, 19.

Archant

A new report has revealed thousands of students are forced to spend more than half of their support grant on accommodation.

Equine science student Melissa Robertson, 19.Equine science student Melissa Robertson, 19.

Research conducted by The Money Charity looked into the minimum cost of university-owned accommodation and shows 28 per cent of universities charge fees that result in students from low-income backgrounds shelling out the majority of their income.

That figure rises to 42pc when considering London-based institutions alone, and even the cheapest UK accommodation leaves the poorest students with as little as £40 a week to survive, with some parents contributing up to £750 to keep their children afloat.

The report, published in the A-level results, may cause panic among freshers, so to allay their fears, the Recorder spoke to two uni students about how they coped in their first year.

Anglia Ruskin University student 19-year-old Melissa Robertson, of Romford, said: “It was really easy for me because my mum and my stepdad set me up in terms of money.

“I know a lot of people have to struggle with finances.

“My advice is to always look out for deals and pick up store brands when shopping. It might not be ideal but it will save you a lot of money.”

The study found that students who receive the largest maintenance grants are those from the lowest-income households and are less likely to receive support from their families.

“It means those students have get part-time jobs or credit – which can cause problems after graduating.

Royal Holloway student Hannah Bloxham, 19, of Romford, said: “In my first term at university I probably spent less because I was scared of spending money at all. In the second term I spent a lot more.

“I think the stress of managing and worrying about money, and setting up all the housing stuff is very difficult.”

The Money Charity is calling on the government and universities to make accommodation costs clearer, with the amount parents are expected to contribute.

Chief executive Michelle Highman said: “For almost all of the 360,000 new full-time undergraduate students each year, their first instalment of maintenance loan and grant will represent the single largest sum of money they have ever been responsible for.

“But if most of that money is gone on accommodation costs immediately after entering their account, they are being set up to fail.”

The charity is also pushing to make rent payments monthly, rather than by term –- as it is now – to help students manage their finances better.

Ms Highman added: “The way in which young people manage their money at university helps to shape their attitudes towards financial management throughout the rest of their life.

“We can’t expect students to become responsible savers, credit users and planners, if staying out of the red during university is impossible.”

Read more:

Hornchurch university students runs from Inverness to London in memory of mum

Gifted Year 9s at Hornchurch school take trip to Oxford University

Havering GCSEs 2014: Sanders School

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Romford Recorder visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Romford Recorder staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Romford Recorder account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Latest Romford Stories

3 minutes ago
Sam Roberts celebrates one of his goals for London Raiders against Bracknell (pic John Scott)

Forward reflects on two-goal display against Bracknell

12:00
Ford Judo Club youngsters celebrate their latest successes

Youngsters add more medals to collection

10:00
Jordan Maguire-Drew of Dagenham & Redbridge is congratulated after scoring the opener at Dover Athletic (pic: David Simpson/TGS Photo)

Daggers’ efforts should have been dealt with better by Whites according to manager

34 minutes ago
The opening night at Sankeys Ibiza   Credit: Sankeys Ibiza

An iconic nightclub franchise which has world-famous dance floors in Ibiza and New York is opening in the premises of the Circuit nightclub.

08:00
Hornchurch boss Jimmy McFarlane (pic George Phillipou/TGS Photo)

McFarlane frustrated by decision and draw

Arthur Latham in 2013 celebrating 50 years of the London Borough of Havering.

Former council leader Arthur Latham died at the weekend.

12:00
Father Christmas. Picture PA.

Children in Havering have until Friday (December 9) to get their present requests into Father Christmas.

Dawn Williams with family, a former employee and a loyal customer.

A barber who has been snipping, shaving and styling hair at her shop for 10 years, has closed for good so she can pursue a career in teaching.

Newsletter Sign Up

Most read

HOT JOBS

Show Job Lists

News from your area

WW100

Click on the banner above for full coverage of the centenary commemorations of the outbreak of the First World War.

Competitions

£3,000 goes a long way at Boots

Cosmetics, toiletries, vitamins and more. Boots is the number one choice when it comes to purchasing daily essentials.

Kit yourself out and go Apple mad!

If you’re obsessed with Apple or just love a good gadget, this is a prize that will blow you away! An incredible £3,333 to spend on Apple goodies! How would you like to be the proud new owner of the Apple Watch?

Digital Edition

cover

Enjoy the
Romford Recorder
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now