Students 'overwhelmed' by managing finances
Summary
Many students in London, including those at the University of East London, find managing their finances difficult due to rising living costs and tuition fees. A survey found that a large majority of students feel overwhelmed by financial pressures like rent and transport. Some students turn to part-time work and financial support services to help manage expenses.Key Facts
- The cost of living in London for students averages £1,269 per month for essentials such as rent, food, and bills.
- Tuition fees increased from £9,250 to £9,535 in September 2025, marking the first rise since 2017.
- A survey by Visa found that 84% of students in London feel overwhelmed by managing their money.
- Transport costs in London add to student expenses, with the Tube being particularly expensive.
- The University of East London (UEL) provides more than £7 million annually in bursaries and hardship funds.
- 77% of UEL’s UK students come from low-income backgrounds, making it one of the UK’s most accessible universities for these groups.
- More than two-thirds of full-time students now work during term time, a rise from 2023, according to research.
- Students like Anand Sasi Kumar and Viga Lukita take on part-time jobs and use savings strategies to better manage finances.
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