Housing Costs - Left

HOUSING COSTS

QUESTION: Respondents were asked through which means they pay their rent and bills.

Respondents were asked through which means they pay their rent and bills, to better understand the source of their money. The two most frequently cited sources of income for respondents are their student loan (46.93% of respondents) and money given by loved ones, such as friend, family or their partner (46.21% of respondents).

Personal savings (43.32% of respondents) are also a significant source of income for respondents to pay rent. This indicates that for many students at UAL, receiving the financial support from family

and friends, as well as having the ability to save money is the bedrock of how they are able to survive while at university.

It is also worth noting that for a large number of respondents, engaging in paid work is crucial for how they can afford their rent and bills. 39.35% of respondents stated that they pay their rent and bills from their wage and salary.

Troublingly, a significant minority (22.75%) of students depend on debt to pay their rent and bills.

Personal savings

Student loan

Money given by friends / family / partner

Money borrowed from friends / family / partner

Bank overdraft

Wage or Salary

Pay-day loan

Money borrowed from a bank

Financial support from UAL

Social Security Benefits (e.g. Housing Benefit)

HOUSING COSTS

When broken down by accommodation type, on average respondents are paying the highest rents in private halls of residence, with the median amount of rent respondents are paying being between £800 to £900 per month.

Respondents are paying the least rent in social housing and property guardianships, with the median rent being between £500 to £600 per month.

Lodging in a private room tends to be slightly cheaper on average (median rent of £600 to £700 per month) than renting from a landlord or property agency (median rent of £700 to £800).

Rented from a landlord or property agency

Private halls of residence

Renting a room in a private home

Social Housing Property Guardianship

Other

£700 - £800 £600 - £700

- £900 £500 - £600

- £600

- £900