The Student Room Group

How do uni students live off so little

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Reply 20
Original post by excal9
As I've said, parental support isn't available, why? During my 3rd and 4th years both of my younger siblings will also be at uni, that's a lot of money for anybody's parents to spend.
No, most if not all scholarships I've seen are income based and unfortunately I'm ~1000 over qualifying for any of them.
gotta love the system.


What about the money they currently spend on you on food and stuff?
Reply 21
Original post by MJ1012
What about the money they currently spend on you on food and stuff?


to be spent on fuel to pick me up at the end of term
Original post by KSVGE
I am looking to be going to uni in september but worried that I won't be able to live comfortably. I'll only have less than £1000 to live off for the year. How do the university students cope? Part time jobs? Or do you take your balance past £0.00 :tongue:


I had plenty of money at the beginning of the year because I'd worked all summer but I spent that and my loan pretty quickly because I didn't budget properly/buy food properly/went out too much. Idiots of my sort are also quite common at uni, but you learn by the end of the semester when you're in overdraft.
Reply 23
Original post by KSVGE
I am looking to be going to uni in september but worried that I won't be able to live comfortably. I'll only have less than £1000 to live off for the year. How do the university students cope? Part time jobs? Or do you take your balance past £0.00 :tongue:
£1000 after accommodation I take it? Thats enough. Lets say you have 12 week terms and live at home during the holidays. £20 a week for food = £720 for 3 terms.

If you want to socialise, thats another matter. £10 a week for socialising takes you above your budget.
Reply 24
Original post by excal9
to be spent on fuel to pick me up at the end of term



Jesus where you going to study? China?
What about other expenses they are relieved of when you go? Electricity? Bus passes/ lifts? Meals out without you there anymore? :tongue:
Reply 25
Original post by MJ1012
Jesus where you going to study? China?
What about other expenses they are relieved of when you go? Electricity? Bus passes/ lifts? Meals out without you there anymore? :tongue:


One thing bear in mind is that many families will be getting child benefit of around £20 a week up until the September after the student left school and just before they go to Uni. Whilst that £20 doesn't cover everything it is still a significant drop in the family budget to adapt to.

In essence I agree with you but it isn't quite that straightforward.
Reply 26
Original post by Folion
One thing bear in mind is that many families will be getting child benefit of around £20 a week up until the September after the student left school and just before they go to Uni. Whilst that £20 doesn't cover everything it is still a significant drop in the family budget to adapt to.

In essence I agree with you but it isn't quite that straightforward.



I'm not saying it is, it's a very flawed system. However parents above the bracket sadly have to be more prepared as like it or not they are formally expected to help pay for their child's time at uni.
However I do think it's silly, high income doesn't mean high disposable income, they could have very high mortgage payments (although unlikely at the moment with interest rates so low, but any family on a fixed rate mortgage Is likely getting stung right now) they could have lots of kids (dunno if it accounts for that)

I think they scrapped child benefits for earners over 50,000. Could be wrong though
Why's everyone saying get an overdraft? Overdrafts are bad ideas, you don't need one.
Reply 28
Original post by MJ1012
I'm not saying it is, it's a very flawed system. However parents above the bracket sadly have to be more prepared as like it or not they are formally expected to help pay for their child's time at uni.
However I do think it's silly, high income doesn't mean high disposable income, they could have very high mortgage payments (although unlikely at the moment with interest rates so low, but any family on a fixed rate mortgage Is likely getting stung right now) they could have lots of kids (dunno if it accounts for that)

I think they scrapped child benefits for earners over 50,000. Could be wrong though


But we don't know what the family incomes of the people concerned in this thread are and the cut off point for most grants and bursaries is well below £50k anyhow.

I'm not saying families shouldn't contribute anything only that if one is considering the cost save on the weekly budget by the student not being at home you maybe need to deduct about £20 from that in terms of family income loss. The double sting comes in that whilst families are expected to support the student on the one hand the child benefit has ceased because the student is deemed capable of contributing to the family income.

Help can be given in other ways apart from just handing over the cash like building up a food parcel via special offers and BOGOFFs. Scouring charity shops for any household items you know your student offspring needs and so on.
Reply 29
Original post by Folion
But we don't know what the family incomes of the people concerned in this thread are and the cut off point for most grants and bursaries is well below £50k anyhow.

I'm not saying families shouldn't contribute anything only that if one is considering the cost save on the weekly budget by the student not being at home you maybe need to deduct about £20 from that in terms of family income loss. The double sting comes in that whilst families are expected to support the student on the one hand the child benefit has ceased because the student is deemed capable of contributing to the family income.

Help can be given in other ways apart from just handing over the cash like building up a food parcel via special offers and BOGOFFs. Scouring charity shops for any household items you know your student offspring needs and so on.


I know, I think it's wrong but I do think some families need to be more pro active in supporting their child by any means they can.The 50k was just an example that child benefits don't apply to everyone.
But I do ffind it hard to believe that most relatively high income families don't currently spend more on their children than they receive.
Reply 30
Original post by Tyrion_Lannister
Why's everyone saying get an overdraft? Overdrafts are bad ideas, you don't need one.
He does if he can't get parental help, can't get a job and wants to spend more than £1000 over the year.
That's almost £20 a week. You're only one person, I lived on £10 a week for quite a while when my loan ran out, and in subsequent years I saved a lot of money once I'd learned how to make the cash stretch further.

You also have the option of your overdraft, and getting a part time job. I would also assume that you will get a little money from family, even if it's only £10 here and there. It all helps!
Original post by Tyrion_Lannister
Why's everyone saying get an overdraft? Overdrafts are bad ideas, you don't need one.


0% interest including a year after graduating... how terrible!

Getting an overdraft and part-time job is pretty essential if your loan can't cover you. Also try and work full-time during summers - you can make around £1500-2000.
Original post by Bassetts
He does if he can't get parental help, can't get a job and wants to spend more than £1000 over the year.


Original post by maskofsanity
0% interest including a year after graduating... how terrible!

Getting an overdraft and part-time job is pretty essential if your loan can't cover you. Also try and work full-time during summers - you can make around £1500-2000.


It's money you have to pay back, it's irresponsible. Why work throuh your sumers when careful budgeting could mean you don't have to have one. Live within your budget, dunno why you're telling the guy to be irresponsible
Original post by xoxAngel_Kxox
That's almost £20 a week. You're only one person, I lived on £10 a week for quite a while when my loan ran out, and in subsequent years I saved a lot of money once I'd learned how to make the cash stretch further.


That's pretty extreme though. I averaged £70/week at university - there's no way I could have consistently spent £10-20/week without losing a lot of weight and being miserable everyday. There are so many other costs that you forget about too like books, stationary, clothes, public transport, birthdays, mobile phone, gym, cinema etc. Of course a lot of those are luxuries in terms of survival but you don't go to university just to survive.

Another option for the OP is to defer his entry and work full-time during his gap year. You can save up a lot of money doing that if you live at home plus you'll have a year's worth of experience on your CV.
Original post by maskofsanity
That's pretty extreme though. I averaged £70/week at university - there's no way I could have consistently spent £10-20/week without losing a lot of weight and being miserable everyday. There are so many other costs that you forget about too like books, stationary, clothes, public transport, birthdays, mobile phone, gym, cinema etc. Of course a lot of those are luxuries in terms of survival but you don't go to university just to survive.

Another option for the OP is to defer his entry and work full-time during his gap year. You can save up a lot of money doing that if you live at home plus you'll have a year's worth of experience on your CV.


I bought a lot of books in my first year, but then later found that I could get almost everything online or in the library. So I no longer bothered to buy them in later years. Stationary isn't difficult - a pen and a cheap notebook is enough. Clothes I would assume they have already, this is very much a luxury, as it everything else you mention.

Okay, so it might not be great fun - but unfortunately it's either go to learn or don't go at all, and it seems a bit silly to me to opt for the latter just because you can't go to the cinema.

You say work full time during the gap year - it's not that easy to get random full time work, particularly if they know you're going to run off to uni in a year's time!
Original post by Tyrion_Lannister
It's money you have to pay back, it's irresponsible. Why work throuh your sumers when careful budgeting could mean you don't have to have one. Live within your budget, dunno why you're telling the guy to be irresponsible


Nonsense.

It is not irresponsible to use a student overdraft - it's irresponsible to use a student overdraft with no plan or intention to pay it off. Most people use it to ease their cash flow, no different to credit cards and that's entirely sensible and responsible. I would have worked summers either way, it made no difference whether I used an overdraft. They are extremely low risk and not taking advantage of one when you're experiencing financial hardship is frankly stupid.
Original post by maskofsanity
Nonsense.

It is not irresponsible to use a student overdraft - it's irresponsible to use a student overdraft with no plan or intention to pay it off. Most people use it to ease their cash flow, no different to credit cards and that's entirely sensible and responsible. I would have worked summers either way, it made no difference whether I used an overdraft. They are extremely low risk and not taking advantage of one when you're experiencing financial hardship is frankly stupid.


No it isn't. It's taking out money you have to pay back on top of your student loan. Why? Why not just plan how to spend your money? It's not ****ing difficult
Original post by xoxAngel_Kxox
I bought a lot of books in my first year, but then later found that I could get almost everything online or in the library. So I no longer bothered to buy them in later years. Stationary isn't difficult - a pen and a cheap notebook is enough. Clothes I would assume they have already, this is very much a luxury, as it everything else you mention.

Okay, so it might not be great fun - but unfortunately it's either go to learn or don't go at all, and it seems a bit silly to me to opt for the latter just because you can't go to the cinema.

You say work full time during the gap year - it's not that easy to get random full time work, particularly if they know you're going to run off to uni in a year's time!


A mobile phone is a necessity now, so is paying for public transport to university and to get back home during the holidays. I would also consider clothes a necessity - at some point during that 3 years you will need some new items, especially shoes. There are also other things I missed out that are not luxuries, e.g. one off bills and purchases (my second year house didn't have a desk, for example).

I don't agree with that in the slightest - you go to university to enjoy your subject and get a degree of course, but you also go to network, to attend events, to make friends, to join societies, and to try new things - none of which you can do on a budget of £20/week. I spent a great deal of money just from being in the football team and finance society. A made a lot of connections in the finance society and received help for making applications to the big firms like PwC - and during interviews the things I talked most about was my time in the football team. Viewing university just as a giant degree machine is damaging in my opinion - it should be seen as a place to develop a variety of skills, not just academia.

You obviously do not tell the employer you are going to university. I managed to get a full-time job during my first summer and so have many others. I never said it was easy, but it's certainly possible and taking a gap year to earn is common.
Original post by infairverona
Overdraft, work in the summer to clear it, repeat.


Overdraft, work, clear, repeat.

To the tune of

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