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Ep - 48 Battling Student inflation
Manage episode 367531738 series 3426902
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Managing finances at college or university is tougher than any exam. The maintenance loans to pay for the cost of living as a student will rise by a miserly 2.8% for English students in September following a rise of 2.36% last year.
Rents alone often cost more than the maximum maintenance loans. Parents whose household incomes are more than £25,000 a year are expected to contribute to their student's living costs, but may not be able to find up to £6,000 a year to do so as they struggle with increased mortgage costs, energy and food bills.
Now is the time to work out how to make the money stretch and where there might be financial help.
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