accumulated during university years are so high that students are
suffering from mental
ill health and
cannot afford to buy food, according to new research.
tuition fees and
cost of living have
been blamed for “overwhelming” stress levels felt by the majority
of students, with one in seven admitting they have been chased by
debt collectors as a result of missing rent payments.
of students who receive maintenance loans feel stressed about the
amount of debt they accumulate while studying, with over a third (39
per cent) saying they cannot afford their weekly food shop.
a quarter of students admitted to missing rent payments, with three
in five polled (58 per cent) running out of money completely before
their next payment is due.
spite of social stereotypes, the top three items students said they
spend their money on were rent (78 per cent), food (69 per cent) and
utility bills (47 per cent), with the average student loan fund
running dry by the sixth week of term.
advisory board member for the Intergenerational Foundation, said “The
dreadful injustice is that every single day, while students are
scrimping and saving, punitive monthly compounding interest is being
added to their loans, snowballing them into unmanageable debt – and
at a time when students can, literally, do nothing about it.
students are suffering from lack of money, extortionate interest
charges are still being added to their loans. It is exploitation at