FACTS & FIGURES | MONEY & BUSINESS
WON’T YOU PLEASE, PLEASE, HELP ME!
How does a student in 2014 piece together the financing jigsaw puzzle?
STUDENT FINANCE FACTS IN FIGURES
Since new charging structures were implemented in 2012, there are important changes in student financing*
<The maximum
£5,500
HOW CONCERNED
ARE STUDENTS
ABOUT MONEY?
MOBILE PHONE
CLOTHES
46%
find this affects
their studies
TRAVEL
£23
£24 £23
£5
BILLS
58%
SOCIAL
don’t understand loan
repayment conditions
PER
MONTH
INFOGRAPHIC: TIDY DESIGNS
FOOD
00 0
5,0
1%
1%
£20,000 +
0£10,00
0
£20,00 -
1%
12%
£ ,00 £10
00
,5 00
£2 5,0
£
2%
➡
+£7
HOW MUCH DO STUDENTS HAVE IN SAVINGS?
The average student in 2014 spends £735 a month.
The average maintenance loan (for a student living
outside of London) only covers £458 of living costs
monthly, so where are students finding the extra
£277 of income to supplement their spending?
£1,000 £2,500
11%
18%
16%
10%
NOTHING
£350
<£100
£100£500
-£38
INTERESTING WAYS
STUDENTS MAKE
EXTRA DOSH
I once had to
pretend I was dating
a girl, and her dad
paid me for it
Selling used
soap online
ON
AVERAGE
£500£1,000
worry about life after
university
COMPARED
TO 2013
FOOD
HOW DO STUDENTS
EARN MONEY?
80%
£365
£105
students have
never budgeted
3%
4%
worry about repaying
a student loan
55%
£735
£64
1/3
OVERDRAFT
CREDIT CARD
FRIENDS
GRANTS
INTERNET
PARENTS
PART-TIME JOB
PAYDAY LOAN
SAVINGS
YOUR BODY
OTHER
50%
RENT
£44
£58
find this affects
their diet
HOW DO
STUDENTS FEEL
ABOUT STUDENT
LOANS?
OTHER
£24
have a job you
pay back 9%
of everything
you earn over
£21,000 per
annum
£21,000
DRUGS
RENT
4/5
£43,500
average
university
graduate
student
debt
HOW DO STUDENTS SPEND THEIR MONEY?
BOOKS
constantly worry
about money
<When you
<The
full-time
students can
apply for as a
maintenance
loan (more if
in London)
➡
£9,000
<How much
universities
can charge for
tuition fees in
2014 – a threefold increase
on 2011
Selling plums
grown in my
garden
Butler in
the buff
I’ve taken trolleys
back to Sainsbury’s
so I can have the
pound in them
Webcam girl
during college
Sources: Student Money Survey 2014, www.savethestudent.org *For more details see www.savethestudent.org
BRITAIN IN 2015 51