Tuesday,5 July 2022
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Save the Student survey

Students have difficulty making ends meet


Students are resorting to high-risk strategies to fund the ever-increasing cost of living, according to a survey by money advice website Save the Student.

In an attempt to get hold of extra cash one in five students has turned to gambling with their limited funds, while one in four said they would consider selling their body for medical trials or take a job in the adult entertainment industry.

A small proportion (2%) said they would consider contacting a payday loan company to access cash.

The survey of 2,332 students found that living costs had soared over the last 12 months, with 80% of respondents worried about having enough money to live on.

Securing a part-time job is still the most popular way students look to tackle money troubles, with two-thirds holding such a role or looking for one. More than a half of students rely heavily on their parents for financial support, despite nearly two-thirds claiming they feel their parents don´t help them enough. Meanwhile, only 8% would turn to their university in a financial emergency, preferring instead a trip to their bank.

Jake Butler, editor of Save the Student, said that "Maintenance loans only go so far to cover the rising cost of living. It´s also important that students are made aware that support is there for those who really need it.

Source: The Guardian

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