Rent for university accommodation now averages £7,347 a year, more than a typical maintenance loan
The rent university students pay for halls of residence has risen by 60% over the past decade to reach an average of £7,347, surpassing the reach of the average student maintenance loan, a survey shows.
A survey of nearly 500,000 beds in student halls shows that rents have been steadily creeping up, with prices 4.4% higher than last year, and 16% higher than before the pandemic. As a result, many students are forced to work part-time alongside their studies, live at home or seek help from family to make ends meet, since average maintenance loans, which are also intended to cover living expenses, are £6,900.
