Students living at home to cut costs


Milkround News, 13 May 2009
Students living at home to cut costs

Students are opting to live at home rather than in halls of residence to save money while studying.A survey by the UK Youth Parliament reveals more than a third of young people are choosing their university on financial ground. Many are choosing cheaper courses or local universities so they can stay with their parents during the recession.Two thirds claim the recession will affect their ability to finance their time at university, with the majority citing parental job losses, restricted family incomes and difficulties in finding part time jobs as reasons. The survey also found 95 percent of young people oppose the Government lifting the current cap on university tuition fees. The figures make up part of a UK Youth Parliament report calling for the abolition of tuition fees. James Greenhalgh, Member of Youth Parliament, said: "The current economic climate, coupled with crippling tuition fees is disastrous for the future of Higher Education. Students should feel able to choose the courses or universities that they are best suited to, not feel forced into opting for bargain bucket courses to save money."Many students and prospective students are going to struggle even more as a result of the recession. Just like everyone else, their incomes will be squeezed and things are going to be tough; support is being offered to pensioners, to business, the banks, to those struggling with mortgages – pretty much everyone. But not students."David Blunkett MP responded: "While it's clear that no government is going to pull the financial plug on the university sector by simply abolishing fees, it would at this time of global financial downturn be unacceptable to lift the cap and have a free-for-all across universities."

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