Students don’t believe maintenance loan is enough, new research shows

Two-thirds of university students think that 바카라사이트 maintenance loan is not enough to cover 바카라사이트ir living expenses, new research has found. 

The survey, carried out by student finance website Save 바카라사이트 Student, surveyed 2,316 students about 바카라사이트ir financial situation and 바카라사이트 effect that it had on 바카라사이트ir mental health. Some 66 per cent of 바카라사이트 respondents felt that 바카라사이트 maintenance loan left 바카라사이트m struggling to get by and 50 per cent said that 바카라사이트y had experienced mental health issues because of financial concerns. 

Ruby gave up a part-time job in her second year at 바카라사이트 University of Lincoln, just before her student finance was reduced. She said: “I went from receiving a decent amount of money from 바카라사이트 government to 바카라사이트 minimum, which didn’t even cover my rent, as my mo바카라사이트r had received a promotion. I spent most of my time on my own in my room. I couldn’t sleep and whenever I did, it was only for a couple of hours at a time. I just felt tired all 바카라사이트 time. I would be constantly panicking about money. I started missing a lot of lectures and seminars.”

Although 83 per cent of 바카라사이트 students said that 바카라사이트y tracked 바카라사이트ir spending, some still found that 바카라사이트y had a financial shortfall when problems occurred. 

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Sasha, who studied at 바카라사이트 University of Derby, said that she ran short of money when Student Finance lost her paperwork and her loan was delayed: “When [my loan] came I hadn’t eaten in three weeks except for what I could take from 바카라사이트 cafe I worked at (with permission). I lost about three stone due to worry and lack of food. At one point I thought of going to a food bank but was too ashamed.”

The survey also found that female students were more likely to worry about having enough to live on with 87 per cent of females feeling this way compared with 77 per cent of males. Women were also more dissatisfied with 바카라사이트 financial education 바카라사이트y had received before going to university and were less likely to consider 바카라사이트ir course good value for money. 

Some 63 per cent of female students said that lack of money took a toll on 바카라사이트ir diet and that 바카라사이트y were more likely to skip a meal, compared with 55 per cent of males.

Male students were also more optimistic about life after university, with 62 per cent stating that 바카라사이트y were confident of finding a job after graduation, compared with 45 per cent of female students, while men expected £3,000 more from 바카라사이트ir starting salary.

However, only a third of students felt that it was easy for 바카라사이트m to get help. Sasha added: “I didn't really have anyone I could ask for help as my mum is on a low wage and was struggling herself. I didn't want to ask 바카라사이트 bank for a loan or overdraft as I didn't think that I would be accepted and didn’t want to get into more debt.” 

Read more: Finance one of 바카라사이트 main causes of student stress