Alice Guy, Personal Finance Expert, interactive investor, comments on students being forced to choose between heat and food this winter as maintenance loans fail to keep up with inflation.
Many students will be choosing between heat and food this winter as maintenance loans fail to keep up with inflation. Rent costs are also expected to further rise this winter.
The inflation rate for students who are renting privately is higher (12%) because it’s based on the latest private rental figures from Zoopla, rather than historic NUS rental figures. Those going through clearing will be scrabbling around to find a house and likely paying through the nose, so the latest private rental figures are much more relevant than the overall student rent.
Cost of living for students swells by 9% in a year
✉️ Myron Jobson, Senior Personal Finance Analyst, ii, myron.jobson@ii.co.uk / 020 7680 3639
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