University dropouts jump by a quarter as cost of living crisis pushes students 'to the brink'

that a combination of strong job opportunities luring disillusioned students and pressures from the cost of living crisis could see the number of dropouts spiral even higher next year.

“The second thing is the increasing cost of living. The maintenance support package for students hasn’t really kept up with the cost of living and because it’s mean-tested, parents are expected to contribute a lot of money, which they can’t always do.

The Government last month announced it will reduce the cap on student loan interest rates to alleviate pressure on recent graduates, who start repaying student loans when they earn more than £25,375 a year. The rate will be fixed at 6.3 per cent from September, down from 7.3 per cent under previous plans.

“We’ve warned that student drop-outs could increase as university becomes less affordable, and it could get even worse this year,” she said., published in July, revealed that one in three students were living on £50 or less a month after paying rent and bills, with 64 per cent saying their student loan did not cover energy bills.

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Queen's University's new £41.8m students' unionStudents at Queen's University Belfast have been flocking to a brand new £41.8m students' union as it opens its doors for the first time. The building replaces the old students' union which was built in the 1970s QUBelfast QueensSU_ QUBelfast QueensSU_ Bet it’s not as good on a Thursday night as it was in Mandela hall though QUBelfast QueensSU_ They lost my business when they told me the entire building was now cashless. QUBelfast QueensSU_ The old Union was actually opened in October 1966 . I was there!
Source: BBCNewsNI - 🏆 95. / 52 Read more »

Student paramedic feeds housemates with 70p meals to beat cost of living crisisAlisha Hynes, who attends the University of Cumbria in Lancaster, batch cooks and stores her meals to help stretch her tight budget
Source: LiveLancs - 🏆 10. / 87 Read more »