We all have a dream to
achieve big things in our life although higher education and the expense are
going like a bat out of hell. We all are trying our best to fulfil our dream
however the path to dream is a complex one if you are leaving your house or
your country to stay some place to reach your goal and accomplish your dream
then it's a nightmare for someone who does not belong to upper strata of the
society.
One of the studies of 2021
called the NatWest Student Living Index, exhibits data from the United Kingdom
universities. Their data show soaring price hikes in the supermarket's spending
by 5% and rent to 20%.
Another study from the
Russell Group student union includes 24 United kingdom higher education
institutions. The result of the survey found that the price peak or higher
living expenses lead to lower performance Rates for learners. VISIT Cheap Assignment Help
Students in the survey
talked about how they are suffering because of the price hike as they have to
work part-time, and they sometimes skip meals which leads to malnutrition, due
to lack of money they skip classes to save travel expenditure, ultimately poor
retention and performance of students. These matters also make pupils' life
miserable some of them thinking to drop out and leave their dream to accomplish
something in life.
Their motivation, ambition,
wellness, sleep, and education are fundamental to humans and are becoming
expensive to afford.
Countless students and
industry experts are talking about the journey of international students who
are departing from their home country to an alien country and seeing the
nightmares of pricey everything rent to food.
Some Indian
students staying abroad talk about the difficulties they face while living in a
foreign country due to the price hike, one student took a loan of 35 lakh and
went to the united kingdom even though he had to ask for more money because it
was not enough to sustain him.
Accommodation is shared by other students and it's tiny that even a
mattress could not fit in.
Some measures are taken by
the government and the universities to support scholars to sustain their
lifestyle while studying and to decrease the dropout rate due to price rises.
The Cambridge
Bursary scheme is available for students whose family income is low. Apart from
monetary support, subsiding food costs, or fixed meal prices ( inexpensive
food), accommodation rates are kept below the inflation pace. The Russell group
also raised its concerns about inflation, retention, drop out rate to support
students.
Some application-based
assistance is also provided to the students, such as finance management tools
to understand and properly manage their expenses ,and mobile based apps to see
where students are spending their money where they can control it.
Courses on finance management are also provided
to students for the comprehension of relationship of money and expense.
REFERENCE
Action on student cost of living. (2023, March 13). University of
Cambridge.
https://www.cam.ac.uk/news/action-on-student-cost-of-living
Bryant, M. (2023, March 12). One in five students at top universities consider dropping out over
cost of living. The Guardian.https://www.theguardian.com/education/2023/mar/12/one-in-five-students-at-top-universities-consider-dropping-out-over-cost-of-living
Student
cost of living skyrockets. (n.d.). NatWest Group. https://www.natwestgroup.com/news-and-insights/news-room/press-releases/financial-capability-and-learning/2021/aug/student-cost-of-living-sky-rockets.html
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