Up to 40 percent of students have run out of food because they are worried about their finances, a stark new survey revealed.
Time spent in college is often sold as the best years of a young person’s life, but nearly 30 percent of students have considered dropping out of education because they can’t afford the costs of living, and 60 percent says he doesn’t feel financially secure.
In a survey of almost 1000 students for StudentMoneySaver.co.uk, almost three-quarters received a maintenance loan from the government, but only a quarter said it was enough to live on.
An anonymous sophomore told the website: “There have been times when I have eaten little in a week. Mainly because I was too embarrassed and didn’t know where to go.
“But when I found out that the university could help with that, they were able to help me with the food stamps, so I didn’t go hungry.”
The findings highlighted how students are struggling to finance their education, with 33 percent turning to the sale of their possessions to make basic payments for rent, bills, and grocery purchases, while nearly 30 percent say they can’t. afford to heat their homes in cold weather. .
Another fifth said they were forced to “do other desperate things” for money, while a worrying 3.6 percent said they had done something illegal.
And of the 7 percent of students who turned to a payday loan, 40 percent regretted it, with one telling the website that they were caught in a “vicious cycle that I can never escape from.”
The study also dispelled the myth that students depend on their parents, as 50 percent of students trusted their families, while 46.4 percent did not and the rest chose not to say so.
Last month, a separate study showed that essentials, including technology, textbooks and printer credit, cost students an additional £ 1,800 over three years.
Charlotte Burns, editor of Student Money Saver, said: “Hearing that students are poor would not surprise anyone. However, what this survey has shown us is that the poverty level is much worse than initially thought.
“Students are running out of food and heat, as well as being desperate and selling possessions, getting payday loans and seriously considering dropping out of school to survive.
“The fact that there are students living in extreme poverty is completely unacceptable. Many parents have been left completely in the dark about this and would be horrified to learn how their children live,” he added.