Students: Cost of Living

(asked on 10th December 2024) - View Source

Question to the Department for Education:

To ask His Majesty's Government what steps they are taking to support students living in London, particularly in regard to (1) high housing costs, and (2) the rising cost of living.


Answered by
Baroness Smith of Malvern Portrait
Baroness Smith of Malvern
Minister of State (Education)
This question was answered on 23rd December 2024

The government recognises the cost-of-living pressures experienced by many students, and that those pressures may be more acute for students living in London, due in particular to higher housing costs.

To help break down barriers to opportunity for young people who want to attend university, the department is increasing maximum loans for living costs for the 2025/26 academic year by 3.1%, in line with the forecast rate of inflation, so that more support is targeted at students from the lowest income families. This will give full-time undergraduate students from the lowest income homes, who are living away from home and studying in London, an additional £414 per year in support through the higher London rate of loan for living costs.

Since universities and student landlords are autonomous and independent from government, the department has no remit to intervene directly in the student housing market. However, since 2006, the Student Accommodation Codes of Practice have protected the interests of students to ensure standards are maintained and disputes are resolved promptly. The Code sets out clearly what information relating to fees and deposits should be made available to students and offers a route for students to raise complaints about accommodation providers. Information on the Codes can be found here: https://www.thesac.org.uk/the-code.

The most sustainable long-term method to improve housing affordability is to increase housing supply, which is why the government is committing to building 1.5 million homes this Parliament. The Renters’ Rights Bill also works to strengthen tenants’ rights as a whole. Stronger powers to challenge excessive rent hikes complement the practical steps taken to help renters by ending unfair bidding wars and tackling rental discrimination.

Reticulating Splines