Popular student discount and freebee website studentsbeans.com has published shocking statistics outlining the effect of the recent tuition fee rise on the health and safety of the UK’s students.
The fee increase, paid by students commencing their degree from the 2012/13 academic year, saw the maximum amount chargeable by universities climb significantly from £3,290 per year to £9,000.
The website, co-founded by Nottingham graduate Michael Eder, revealed that 51% of students would risk walking home alone after a night out in order to save cash.
Impact’s own poll displayed a parallel trend, with 40% of the University of Nottingham’s students cutting spending on taxis.
The studentbeans.com poll, which questioned 1,401 students, revealed that 37% of students have suffered anxiety as a result of financial pressures. Additionally, 20% have suffered depression and 17% have even considered dropping out of university due to money troubles.
Moreover, and perhaps most worryingly, students are being forced to cut expenditure on essential outgoings.
One fifth of students are rolling back spending on textbooks and other vital educational materials.
20% of students said that they have sacrificed hot water or central heating and a remarkable 39% have gone without food. Impact saw a similar trend; 25% of Nottingham’s students said they were cutting back on food and 10% on heating.
Studentbeans.com also showed that students are resorting to risky ways of making additional money. 34% of students have bought a lottery ticket, 21% a scratch card and 13% betted on sport in order to raise extra funds. 41% of students also admitted to selling personal items on the internet.
Editor of studentbeans.com, Oliver Brann, expressed concern about the effects of the financial burden facing today’s students.
“Financial worries should not be a reason for students to put their safety at risk. Whilst cutting back on pricey nights out or luxury food may be part of student life, walking home alone to avoid taxi costs or sacrificing hot water or central heating is really extreme.”
Brann also emphasised the importance of educating students on how to budget properly.
“Now more than ever it is up to universities, parents and websites like studentbeans.com to educate students wisely on the best ways to budget their money wisely.”