@thestudentnetwork: The eighth annual National Student Accommodation Survey revealed concerning trends among over 1,000 university students regarding housing costs. 📊 Key points: - Below-inflation increases to Maintenance Loans, especially for students from England, are exacerbating the cost of living crisis for students. 📉 - For 2024/25, Maintenance Loans will see a mere 2.5% increase, not keeping pace with actual living costs. 💷 - An alarming number of students struggle to cover rent, with nearly two-thirds facing difficulties. 🏠 - The average monthly rent among students is £550, with London students paying the highest at £778. 🌆 - A significant 64% of students who pay rent struggle financially, and 20% describe it as a constant struggle. 😟 - 40% have considered dropping out due to rent costs, over a third have had issues with damp, and 7% have experienced homelessness. 🚫 - The survey also highlights concerns over future home ownership, with 14% believing they will never be able to buy a house. 🏡 The report calls for urgent government action to increase Maintenance Loans significantly above the 2.5% mark to help students afford their accommodation and daily expenses. 📢 #uni #university #ukuni #ukuniversity @Save the Student
The Student Network UK 🇬🇧 🎒
Region: GB
Wednesday 03 April 2024 07:47:14 GMT
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