The cost-of-living crisis is probably worse for students trying to survive at university.  It is not surprising that some 80% have a job alongside their studies as the maintenance loans have not kept pace with inflation.  They were increased by 2.36% this year when inflation is in double figures.  The maximum that they can receive is £12,667 in London and that has to cover their accommodation, food, travel, books, phone contracts and maybe some socialising.  And that is only paid if their parents' household income is below £25,000.  Most parents are expected to contribute to their students' living costs, paying up to £500 a month .  The big problem is that most middle-class parents do not have £6,000 a year of taxed income spare.  In addition they may not realise how much the government expects them to pay towards their child's university costs.   Students therefore need to make savings where they can and earn.  Mrs Mean has plenty of tips.If you've got a money saving idea you'd like Mrs Mean to get her teeth into, please send a message From Passion to Purpose"From Passion to Purpose" is a podcast that explores the world of nonprofit...Listen on: Apple Podcasts   SpotifyPlease send ideas questions, tips and warnings about rip-offs to Mrs Mean through the contact page on her website: mrsmeanmoneyshow.co.uk or to [email protected] Hosted on Acast. See acast.com/privacy for more information.

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