HOUSING COSTS
QUESTION: Respondents were asked through which means they pay their rent and bills.
ANSWER CHOICES
Personal savings Student loan Money given by friends / family / partner Money borrowed from friends / family / partner Bank overdraft Wage or Salary Pay-day loan Money borrowed from a bank
Respondents were asked through which means they pay their rent and bills, to better understand the source of their money. The two most frequently cited sources of income for respondents are their student loan (46.93% of respondents) and money given by loved ones, such as friend, family or their partner (46.21% of respondents). Personal savings (43.32% of respondents) are also a significant source of income for respondents to pay rent. This indicates that for many students at UAL, receiving the financial support from family
and friends, as well as having the ability to save money is the bedrock of how they are able to survive while at university. It is also worth noting that for a large number of respondents, engaging in paid work is crucial for how they can afford their rent and bills. 39.35% of respondents stated that they pay their rent and bills from their wage and salary. Troublingly, a significant minority (22.75%) of students depend on debt to pay their rent and bills.
Financial support from UAL Social Security Benefits (e.g. Housing Benefit) Scholarship Credit card Diagram 4: Which of the following do you use to pay your rent and bills?
RESPONSES %
43.32 46.93 46.21 9.75 9.03 39.35 0.36 1.08 9.03 1.44 2.89 2.89