August 25, 2011 Leave a comment
The student living costs have increased tremendously in the past years as a new research by Family Investments suggests. Since 2004, the costs of living have increased by five percent. The increase does not include the annual tuition fees, while these costs have risen considerably as well.
In just one year living costs have risen by £42 a month, meaning that students now spend £795 a month, compared to £752 last year. These figures add up to an annual living cost of £9,541 instead of £9,031. Since 2004, the monthly cost for living was around £561 but now the costs for students have risen overall by 34 percent.
The biggest single expense is the rent that students have to pay. On average, a student spends £163 a month for this. Read more of this post