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Student Rent Increases, Again

Dec 04 2006 12:51
Nick Simpson
Students have seen a 23% rise in accomodation costs since 2003-04, reports the latest NUS survey.
Living costs in London

With the introduction of top up fees this year, students are hit with news that rent is steadily increasing as well. While the government supplies the common response that graduates benefit significantly in terms of post education salary, students are starting to question how much debt the government thinks is acceptable for a graduate.

Once again London tops the list as the most expensive place for students to live with average rent reaching £100 a week. Meanwhile across the border in Wales student's flats average a remarkable £67. Along with rent, the average housing deposit has increased by 21% to £182 nationally, a figure envied by most Imperial students.

Bill Rammell, the Higher Education Minister, has responded to the survey results, commenting "Students beginning university this year will have nothing to pay until they have finished studying and are earning over £15,000, and in addition they are benefiting from the reintroduction of non repayable grants worth £2,700 a year, as well as from the many generous bursaries offered by universities". But this offers little reassurance to this year's freshers who will be graduating with tuition fee debts alone of over £10,000, excluding the additonal debt of student loans for living.

Meanwhile the average cost of a house in the UK has risen past the £192,000 mark this year and are still increasing, posing real issues for new graduates looking for a house and starting a family with debt carried over from University.

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Discussion about “Student Rent Increases, Again”

The comments below are unmoderated submissions by Live! readers. The Editor accepts no liability for their content, nor for any offence caused by them. Any complaints should be directed to the Editor.
1. ...   
Dec 04 2006 22:31

When I were a lad at university (last year) there were seven of us in a house. Now the government has made that illegal, so there are only 4 in the house (max) hence rent has gone up.

Dec 04 2006 22:39

Presumably as a result of the new Housing Act the NUS fought for, so students could live in safer conditions:

3. Seb   
Dec 05 2006 01:19

Good. Well, I assume, then, that the NUS will save us. Because thats why we joined the NUS. To sort out these issues. So it will be done. Right?

4. Ant   
Dec 05 2006 07:00

£182 is actually the figure for a University accomodation deposit, not for a house deposit, and from memory is approx what IC's deposit is.

Dec 05 2006 12:40

IC no longer charges a deposit, halls residents are now charged £200 up-front and this sum is deducted from the summer term's rent. This is a very good move for the residents as a lot of them start to run low on money come the summer term but tend to have more available to them in the summer holiday before they come up to Imperial (especially those that con the £200 out of their parents...!).

Any damages are charged to the residents separately and will not affect this £200, it is simply there to secure the place.

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