London specifically, but any advice is appreciated
Im in london and am basically just using the overdraft on my student bank account
My parents covered the shortfall - most people at my (London) halls whose loan didn't cover the full cost did the same.
How much are your halls in London costing? Have you chosen the cheapest one? At my uni, halls can cost as little as £4000 if you're willing to share a room.
The vast majority of young people who *work* in London, and are earning a decent income in the range of £20-30,000 can't afford to live alone and have to do flat-shares.
How on earth would you be able to afford to live alone on a maintenance loan plus 500 quid?
At my university, most halls cost around £6000 for a non-ensuite room which you had to move out of at Christmas and Easter. For people in the top income bracket who got the smallest loan, like myself, we got about £5600 so our parents had to pay about £400-500 extra to cover our accommodation.
I then needed more money for living costs like food and transport, so my parents gave me an extra £2000 for the year.
If you're not in the highest income bracket, and get a higher loan, you may not need your parents to pay for anything.
Last edited by LeapingLucy; 4 weeks ago
It depends which offer I accept, two of my options I can get cheap accommodation, the other two not. My parents have said they want to make sure I've got enough for accommodation, basic food and any necessary transport, so I'm hoping they'll top up whatever I need for those. I'll also need to get a job to cover course essentials/socialising.
I have to work three jobs to finance my postgrad studies and living costs.
As an undergrad I lived off the student loan, credit and part time work during the holidays.
Racked up thousands in high interest accruing debts and spent my third year living on less than £20 a week.