University of strife: Students worry about paying rent and being made homeless

University of strife: Students worry about paying rent and being made homeless

9:09 AM, 18th August 2022, About 2 months ago 4

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One in seven university students fear they may become homeless within the next six months as escalating bills, rent and food prices pile pressure on their limited finances, research reveals.

The Nationwide Building Society says that its poll of 1,000 university students found two-thirds (66%) of students are struggling to afford to pay for their housing costs or have fallen behind on their rent.

And the housing charity Shelter says that ‘record-high rents’ are part of the reason why students could be made homeless.

Nationwide says it found that almost three quarters (73%) of students have had to borrow money from family members to pay for essentials such as food and rent in the last year, and four in 10 (42%) relied on their overdrafts to cover these necessary outgoings.

The study highlights that more than one in five (22%) know someone who has become homeless within the last year due to financial difficulties – and they are either sofa surfing, staying in a hostel or rough sleeping.

Housing costs were a ‘key factor’ in deciding which university to attend

The survey also highlights that student housing costs were a ‘key factor’ in deciding which university to attend for 24% of students.

And, as they get ready to start a new year of study next month, many students say they are facing issues to pay for essentials like food and rent.

Almost half (47%) have felt ‘shame and embarrassment’ in asking to borrow more and a third (36%) felt they couldn’t ask for help to pay for these essentials.

Regionally, there are big differences being expressed by students who worry they may become homeless in the next six months.

The area with the highest level of worry are for students in the West Midlands (21%), followed by Greater London (20%) and Yorkshire and Humber (17%).

‘Students will now be facing an uphill struggle’

Charlotte Kensett, Nationwide’s director of brand and engagement, said: “After a torrid time during the pandemic, many students will now be facing an uphill struggle to stretch their finances even further.”

Shelter’s chief executive, Polly Neate, said: “No student should have their education derailed because they’re worrying about how to make ends meet.

“Yet record-high rents and crippling food and fuel bills are pushing worrying numbers of university students to the brink of homelessness.”

She added: “Every day our frontline services are working tirelessly to help people keep a roof over their heads.

“We’re here to help any student who is struggling with their housing or facing homelessness.”

News that students are worrying about paying their rent follows a warning from the rent guarantee service Housing Hand this week that a ‘tsunami’ of students will struggle to find accommodation this year.

They say that universities around the country are struggling to find enough accommodation for their students before the next semester starts.



Comments

Yvonne Francis

10:50 AM, 18th August 2022, About 2 months ago

Just to say students will be even more worried if the Renters Refrom Bill becomes law in the form it is presently suggested. Without fixed tenancies renting to students will be very difficult with many landlords leaving this sector by taking on professionals or selling up. Student accommodation will be catered for by University accommodation or the very expensive PBSA. Those brave souls who stay in this market will up their rent. It's a lose lose situation for all students.

Seething Landlord

11:54 AM, 18th August 2022, About 2 months ago

Reply to the comment left by Yvonne Francis at 18/08/2022 - 10:50
Exactly. High rent will soon be the least of the problems faced by students when there is simply no accommodation available to them.

Bristol Landlord

4:16 AM, 19th August 2022, About 2 months ago

Polly Neate states “record-high rents” are pushing students to the “brink of homelessness.”
Yet she does not mention WHY rents are at a record high?
Could it be due to Shelter, who who do not actually shelter anyone, support of this Government’s insane War on Landlords?
The WOL has pushed thousands of landlords to convert their properties to FHL or Airbnb to escape the Government’ s unfair tax treatment of private independent landlords.
Could it be due to hers and the Government’s non stop demonisation of landlords which has caused thousands of Landlords to quit the PRS?
Polly Neate herself has played a role in the dramatic rise in UK rents over the last few years.
Has Polly Neate no shame in her two faced and hypocritical behaviour and public statements?

Porky

13:17 PM, 19th August 2022, About 2 months ago

It's trendy to choose a university miles from where they live making it impossible to live at their family home cheaply. The whole cost of attending university needs to be taken into account. As we are hearing, apprentiships are becoming more favourable and cost-effective.
Not everyone needs a degree especially the arty farty ones where job prospects beyond are far from certain.

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