With the rising cost of living and the astronomical cost of tuition fees, many students can feel worried about how they will manage financially whilst at university.

Student accommodation represents their largest financial outgoing, and it is important to carefully consider how these costs will be met.

Affording Accommodation

Students may be entitled to a student loan, depending on their household income. This can help students with tuition fees and living costs as well as covering a proportion of accommodation. The loan does not have to be repaid until students are earning above a certain threshold.

If students are struggling and facing financial hardship, they may be entitled to a bursary or a hardship grant. This can go towards the expense of living accommodation.

Although obvious, savings may help to cover some accommodation costs, especially when used with good budgeting or financial planning.

Many students also seek part-time employment to fit in around their studies in order to help with accommodation costs. Not only does a regular wage lessen the burden, but it also helps to make your CV stand out.

University students work on average of 13.5 hours per week, and the number of students completing part-time paid work alongside their studies has increased to 55%, from 45% in the previous 12 months.

Accommodation Options

When seeking out appropriate student accommodation, it is important to consider a wide range of properties and price ranges to see exactly what would work out for your budget.

Agencies such as https://www.westmanorstudentliving.co.uk offer a huge selection of student accommodation Leicester and surrounding areas, from individual rooms to apartments and houses. Students may be surprised at exactly how much they can afford with the wide range of private options available to them.

Students need not fall foul of poor living standards and basic amenities that barely meet their needs. There are a wealth of options, including brand new studios, and many are located in prime spots so that you can enjoy all that a new city has to offer whilst studying.