Student Living Index 2017 JULY 2017

Transcription

1 Student Living Index 2017 JULY 2017

2 Key findings Cardiff has topped this year s Student Living Index as the most cost effective University city. Students in London pay the highest rent at 140 more than the national average, with Exeter not far behind. Students in Belfast pay the least. Student Loans contribute the most to students income, followed by contributions from parents or family Reading students spend the most time socialising, and London students the least. The longer students spend socialising, the more likely they are to say that they enjoy studying. Students spend over three times as many hours on academic studies than on socialising, with Oxbridge students spending over 45 hours more a month than the average. Students find managing their money less stressful than their university degree, but the majority of students still say they enjoy studying for their degree. 2

3 Methodology and sample Audience: 3,407 university students living in the UK Survey period: 12 th May to 2 nd June 2017 Panel provider: YouthSight: Experts in student and young professionals research ( Measure current term time and vacation income Understand university city differences for SLI Understand motivations and expectations Respondents were given a small financial incentive to take part in the online survey. The survey was unbranded for all respondents.

4 The Student Living Index: Cardiff is the most affordable student city Student Living Index = average monthly living and accommodation costs average monthly income Student Living Index Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 4 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

5 1. Income WEEKLY INCOME MOTIVATIONS TO WORK

6 1, , , , , , , , , , , , , , , , , , , , , , , , , , , , Students in Aberdeen, followed by Cardiff have the highest term time income Term Time Income from All Sources Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 6 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

7 Student loans are the largest contribution, followed by income from parents Monthly Monetary Contribution Student loan Parents or family Personal savings Term-time work Bursary/ scholarship Holiday work Overdraft Grant/ hardship loan Sponsorship Other bank loan Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 7 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

8 Students in Durham and Oxford receive the most from their parents Income from Parents or Family Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 8 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

9 Hull students receive double the average amount of bursary Income from Bursary/Scholarship Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 9 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

10 Students in Aberdeen earn the most from both term-time and holiday work Income from term-time Income from holiday work Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 10 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

11 2. Student Spending MONTHLY EXPENDITURE ATTITUDES TO BUDGETING

12 Students spend the most on food shopping and household items Supermarket food shopping, toiletries and household items Household bills Eating out 34 Alcohol Clothes, shoes and accessories Transport whilst visiting home during term time Trips Car - Day-to-day travel Public Transport Day-to-day travel Mobile phone bills and related costs Books, course materials, printing, library costs, etc Home entertainment 7.60 Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 12 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

13 Going out and socialising is the next biggest expenditure Money spent per month Going out/socialising with friends On other hobbies and interests On academic studies (lectures, coursework, library, etc.) Playing sports or at the gym Creative of performing arts (gallery visits, arts, photography, theatre) Watching sports Volunteering/charity work (volunteer programmes, charity events) Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 13 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

14 Students in Wales spend more than the average on alcohol Monthly Alcohol Spend taking out the respondents who don t drink Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 14 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

15 Stirling students spend 10 more a month than average on fashion Monthly Clothes, Shoes and Accessories Spend Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 15 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

16 Students in Birmingham spend the most on going out Monthly Going Out Spend Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 16 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

17 London and Exeter students spend the most on rent Monthly Rent Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 17 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

18 65% of students attempt to budget, but only 23% stick to it I budget carefully and keep track of what I spend 23% I try to budget but don't always stick to it 42% I don't budget but I'm not frivolous with my money 29% I don't consider what I'm spending at all - I'll think about that later 6% Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 18 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

19 2. Motivations and Expectations STUDYING AND SOCIALISING

20 Students spend 3 times more of their time studying than socialising Monthly Hours Spent On acaedmic studies (lectures, coursework, library etc.) Going out/socialising with friends Other hobbies/interests Working in a parttime job Playing sports or at the gym Watching sports Creative or Volunteering/charity performing arts work (gallery visits, arts, photography, theatre) Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 20 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

21 But the more they socialise, the more they enjoy studying Average Score of Enjoying Study by Monthly Hours Working Average Score of Enjoying Study by Monthly Family Income Average Score of Enjoying Study by Monthly Hours Socialising More than 7 hours Less than 7 hours Not working More than 40 Less than 40 No family income More than 9 hours Less than 9 hours No Socialising Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 21 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

22 Oxbridge students spend over double the amount of time studying than London students Monthly Hours Academic Study Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 22 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

23 Students in Reading spend the most time socialising and over the average amount of time studying Monthly Hours Socialising Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 23 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

24 61% of students rated the stress of studying 7 or above Stress of Managing Money % 3% 9% 9% 9% 13% 16% 16% 11% 3% 5% Stress of University Degree %1%2%4% 6% 10% 13% 21% 21% 10% 9% Enjoyment of University Degree %1%2% 3% 4% 11% 13% 20% 22% 12% 10% Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 24 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),

25 Half of students chose their university based on subject choice 51% 24% 7% 6% 3% 2% Subject choice University reputation It is close enough to home to allow me to live with my parents Social life The cost of living University fees Aberdeen (73), Aberystwyth (69), Belfast (102), Birmingham (113), Brighton (103), Bristol (107), Cambridge (104), Canterbury (103), Cardiff (105), Coventry 25 (106), Dundee (76), Durham (76), Edinburgh (106), Exeter (105), Glasgow (108), Hull (86),