Pound in Your Pocket
Student finance is a vital issue. This year, it's front and centre for NUS Wales.
Students studying A-levels, apprenticeships, degrees and PhDs, face the issue of finance on a daily basis. Getting onto a course is only the start. Staying on course is what we will tackle together.
Whether rent, food, childcare, course costs, transport or the countless different costs which our members face, it all adds up. Financial difficulties turn into underperformance, stress, and dissatisfaction – then result in drop-outs.
It's not just tuition fees
The comprehensive research into student support for further and higher education in Wales shows that cost of living -- not only tuition fees -- is a substantial barrier to education. The Pound in Your Pocket Wales summary report is a continuation of similar research
carried out by NUS amongst students studying in England in 2012.
Key findings of the research include:
One third of all students have seriously considered leaving their course, with the most common reason cited being financial difficulties.
Over half of students regularly worry about meeting basic living expenses.
Seventy per cent of higher education students are worried about future levels of debt.
Students from low participation neighbourhoods are more likely to be carrying a debt of more than £5,000.
Personal debt of more than £1,000 has had a negative impact on students' wellbeing. These students are twice as likely to have seriously considered leaving their course.
Students with a greater level of debt were more likely to say they regularly worried about not having enough money to meet their basic living expenses.
A large disparity exists between funding for different kinds of study -- funding for full-time first degree undergraduates dwarfs part-time, postgraduate and further education support.