What does it cost to be a student?
| Average Expenditure | Inside London £ | Outside London £ |
| Tuition fees (for new support students) |
1,025 | 1,025 |
| Rent | 2,340 | 1,679(2) |
| Fuel | 134 | 134(3) |
| Food / Household goods | 1,234 | 1,037 |
| Laundry | 99 | 99 |
| Insurance | 93 | 67(4) |
| Clothing | 206 | 179 |
| Travel | 678 | 433 |
| Books / Equipment etc. | 454 | 454 |
| Leisure | 929 | 774(5) |
| TOTAL | 7,192 | 5,881 |
| Potential income from Student Loan (for 38 week period - excludes amount for long vacation) | 3,278 | 2656 |
| SHORTFALL | 3,914 | 3,225 |
Key to table
- Assumes first year student receiving maximum loan entitlement (from LEA/parents/spouse) and liable for full tuition fees
- Based on NUS Accommodation Costs Survey 1998/99 - average private rented cost
- Based on British Gas average costs and average electricity charges (assumes four sharing a three-bedroomed house)
- Average figures based on Endsleigh student contents insurance premiums for 1999/2000 (assumes sum insured is £3,500)
- Based on NUS Student Hardship Survey 1999
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]