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Students facing increasing outgoings back at university as a result of credit crunch

Mon, 15 Sep 2008
This week sees the week most students head back to university. Most universties apart from Oxford, Cambridge, Imperial and LSE have gone back.

However, students are reporting that accommodation and letting agencies are asking for 10%-25% more in rent than what they were asking for last academic year. For many, tuition fees, top up fees and increasing living costs mean that being a student is even tighter than it ever has been. Yet with most landlords' mortgages rising, rental costs have increased astronomically.

Kiran Kaur, a student set to go back to LSE in her second year spoke to us and said that "...most students have about £6,000 from the SLC which they use over an academic year to live off. With increasing prices on food, petrol, renting and transport, students almost invariably have to get a job to cope and just get by at university".

It's no shock that students are being put off going to university, with the amounting debts. Student bank account overdrafts have decreased, and more students are having to acquire jobs just to pay the rent.

Student finance is certainly taking a tumble.