A new report has found that rents and groceries are adding cost pressures for students
Sheffield has been identified as the most affordable city for students in a study while London has been named as the least.
NatWest, which has published a 2021 student living index, found typical monthly living and accommodation costs in London, including rent, socialising, clothes, bills, groceries and takeaways, exceed average incomes for students – meaning some may be taking on additional borrowing to get by.
It looked at 21 university cities across Britain.
The study found that overall, sharp increases in supermarket spending and rents are adding to cost pressures for students, although spending on gigs, theatres and clubs has fallen amid the coronavirus pandemic.
With Covid-19 causing universities across the UK to take teaching online, the research found that almost a third of students were very dissatisfied with the value of their online teaching this semester.
The report found that when it came to budgeting, more than half of students used an app to help manage their finances.