More than half of students get no parental help

The majority of students are applying for controversial new student loans.

More than half of university students receive no financial help from their parents – resulting in most having to take out loans to cover tuition and living expenses.

In a survey by website almost three quarters of students said they did not expect any help from parents. But a smaller number – 57 per cent – did not actually receive any.

The backdrop is steeply rising university costs and the introduction of a complex and controversial new student loans system, which launched in 2012. From that year annual university fees in England rose from up to £3,000 to up to £9,000.

The site’s research shows two-thirds of students take out student loans to help cover the cost of university and 54pc have a job while studying. Smaller numbers – two in five – use savings to help meet the costs.

A report on new loans system – effective from September 1, 2012 – is complex. All students in England can apply for tuition loans, covering their course fees, and maintenance loans that help with living costs such as accommodation, bills and books. 

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