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More students planning to live at home for uni over ‘insane’ living costs

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Beatrice and Amelia stand side by side outdoors, looking towards the camera. Amelia is wearing a dark sleeveless top with sunglasses resting on their head, while Beatrice is wearing a white top with patterned ruffled sleeves. The background is softly blurred and shows a modern building entrance.

However, fellow student Jessica, who is also going to study at Liverpool John Moores University, feels she will miss out.

She says she would have loved to live on campus and enjoy student life, but the price of renting is “ridiculous” and “insane”.

“I have a part-time job as everything is so expensive, and then commuting is going to kill a lot of my free time as well,” she says.

“It is a bit sad really when you think about it.”

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But she is pleased that staying at home means she will still be able to have her mum and dad’s cooked dinners.

Earlier this year, BBC News followed the daily journey of one first-year student who said she was saving over £7,000 on accommodation by commuting 90 minutes into Manchester each day from home.

The figures were recorded on results day and are expected to rise over the coming month as more students accept university places through clearing.

A record number of UK 18-year-olds have been accepted into university this year.

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But student rents have risen sharply in recent years, alongside other living costs.

The Higher Education Policy Institute (Hepi) said last year that students needed £61,000 over the course of a three-year degree in order to have a “minimum socially acceptable standard of living” – and that’s excluding tuition fees.

Its report found that in 2024 the cost of renting in university-owned accommodation ranged from £108 per week, for 40 to 44-week contracts in Northern Ireland, to £338 a week for the shortest contracts in London, where rent makes up nearly half (46%) of students’ costs.

In most areas it was between £140 and £180 a week, with private halls usually being more expensive.

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Many students are eligible for a maintenance loan, which can help with the cost of accommodation, but the average annual price of a room on campus is increasing much faster, according to some student unions.

Hepi says most young full-time students now work in paid employment during term time to make up the difference between their maintenance loan income and the cost of living.

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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