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Students struggling for money are taking on more debt to stay afloat at university
A third of undergraduates are using loans, overdrafts and credit cards to pay rent at university, the National Student Accommodation Survey 2020 has found. Some are even taking out payday loans to pay their landlords.
It’s getting more expensive to go to university – not because of tuition fees, but because living costs have gone up around the UK. According to the National Student Money Survey 2019, students now spend an average of £806.62 each month. That’s £37pm more than in 2018.