We have been looking at student accommodation for one our children who will be going in September, it is starting at £155 per week for halls. Granted they look pretty swish in comparison to what was available back in the day - or even when our eldest was there a couple of years ago.
The kicker for it all is they want paying for 51 weeks of the year, when the course is less than 9 months of teaching time (minus any holidays). Which is just shy of £9000 a year and that is for the cheapest one. It is a four year course, fun times.
Looks like no new kit for a few years.
Just a small rant and didn't get sweary -> although not sure this is a good thing.
Cheers,
Comments
It's insane.
When did student all accommodation become stupidly expensive?
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Durham University has purchased & converted almost all available property within the city area, as well as building new purpose built accommodation. Awful place now for any non students that still live there.
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It's just the way the world is, the same as traditional seaside towns being hollowed out by second home holiday owners, but I don't have to like it
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Son at Exeter and daughter at Cambridge and you'll probably be surprised that Cambridge is cheaper with accomodation under 5k, whereas Exeter over 6k. In Exeter, even going into shared non-uni digs is at least £125 a week + bills
Btw, 51weeks @155 = 7905, so you are one grand better off than you thought.
Both of my children went through the £155 per week but that was for 1st year only. Subsequent years were lower cost via shared private housing.
As @crunchman touches on, going to Uni. is now just part of an expected progression for young people, not about being in the grove of academe
It all used to be all about Education, but as a fairly high up person in the University where I used to work observed "we're a business now".
From memory, when we were doing the uni circuit, most cities had similar rent costs - that was looking at Sheffield, Manchester, Leeds, Birmingham, Newcastle. I do know that London is a significant outlier in price. Student rent is a complete racket, way way overpriced vs standard rentals.
If you have the deposit. buy to let rental mortgage rates are very low at moment. 2-3% depending on the deal.
A friend of a friend tells me that overseas (aka Chinese) students pay these inflated costs with ease.