British students paying and borrowing more - Macleans.ca

British students paying and borrowing more

Tuition hikes increased first-year student spending by 12 per cent over three years

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From the BBC:

Students are spending more money and receiving more support than ever before, suggests a survey of student finance in England.

The Student Income and Expenditure Survey shows that higher tuition fees have increased first year student spending by 12% in three years.

Driving this was the introduction of higher tuition fees, which were implemented in the 2006-07 academic year. The accompanying grants, bursaries and loans also pushed up the income of students.

Report author, Claire Johnson, a principal research fellow at the Institute for Employment, said student income had risen overall, although most of the increase was driven by income from tuition fee loans.