Submitted by Jana Rychnovsky on Thursday 8th December 2022
Published on Tuesday 13th December 2022
Current status: Closed
Closed: Tuesday 13th June 2023
Signatures: 203
Relevant Departments
Tagged with
2021 ~ Bills ~ Cost of living ~ Government ~ IMPACT ~ INCREASE ~ inflation ~ Leading ~ Loan ~ Money ~ month ~ RISE ~ risk ~ Spending ~ The National ~ The rising ~ VAST ~ weather
Make students eligible for government cold weather payments.
Student maintenance loans have only increased by 2.3% which falls short of inflation, leading to students struggling with the cost of living. The current cold weather poses a significant risk to students' health as some cannot afford their heating - they should be eligible for cold weather payments.
The National Student Money survey identified the vast impact of the rising cost of living on students. Some key findings were:
- The average maintenance loan falls short of covering the cost of living by £439 a month, and the average student's parents contribute £150 a month.
- Bills are the third most significant cost for students and are the area of spending which has increased the most since 2021.
- 52% of students have considered dropping out due to finances.
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