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VOLUME X, ISSUE I • WEDNESDAY, 26 SEPTEMBER 2018 • Royal Holloway, University of London • Egham, Surrey, TW20 0EX
The Average Student Spends £364/Month. How Does Your University Compare? IFFAH AHMED NEWS EDITOR
Following the cost of rent, it has been identified that on average, students spend £364 per month on living costs, where most of the funds contribute towards socialising and food. It has been recognised that students across the nation, from Scotland to the Midlands are spending equal amounts to those located in London but are receiving less Student Finance to help manage their expenses. The National Student Money Survey 2018 disclosed the following significant information that it’s a student’s university which heavily affects spending and not just your location and background. The data gives evidence that even though students in London receive a higher maintenance loan, students studying in various parts of the UK also have similar costs.
Index
Money advice site, Save the Student conducted a survey which asked 3,617 students what their money goes on. Students were asked to answer how much they spend on essentials from bills to food, course materials, travel and clothing. The figure for UK student spending differs depending on the university they attend; however, the UK student average summarises at £364 a month. It is shown that food takes up nearly a third of the budget (coming in at £108 a month on average) after rent has been paid. Although, students at Cambridge, Aberdeen and UCL have been shown to pay at least £140 a month on food. Institutions at Robert Gordon, Sunderland and South Wales pay less than £74 a month, which equates to £18.50 a week on eating out, groceries and snacks. Despite university, 50% of students said they lack money which in turn
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affects the diet they have. The average a student spends on socialising comes up to £62 a month however, students at Keele, Bournemouth and KCL spend at
least £80, whereas with stu- both Yorkshire Universities, dents at Goldsmiths and display that... Kingston, their socialising expenses round up to more Continued On than £100. Noticeably, Huddersfield and York St John, Page 3.
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