Rent and housing
This is your biggest expense – it will eat up a whacking great proportion of your loan, perhaps about half your available income and it will account for about a third of what you spend in a year. And, unless you're living with your parents or they have gone a step or two beyond the call of duty and actually bought a place for you, it’s an expense that cannot really be avoided or minimised.
So be sure to make your dough work hard for you.
Accommodation costs vary enormously. Depending on location and what you look for, a student might normally expect to spend anything from £35 a week, for a basic rented room in a student house, right up to £120 a week or even more for some catered or particularly flash digs. In London, however, you might end up forking out a hundred quid just to get that basic rented room that would be rock-bottom of the market anywhere else.
Last updated on: 20 October 2008