FLASHWEBTOWN FORUM

Impact of the rising cost of living on students and the action

https://sourceessay.com/research-paper-writing-service/literature-review-help/

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.

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.

www.cam.ac.uk/news/action-on-student-cost-of-living">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. www.theguardian.com/education/2023/mar/12/one-in-five-students-at-top-universities-consider-dropping-out-over-cost-of-living">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. www.natwestgroup.com/news-and-insights/news-room/press-releases/financial-capability-and-learning/2021/aug/student-cost-of-living-sky-rockets.html">https://www.natwestgroup.com/news-and-insights/news-room/press-releases/financial-capability-and-learning/2021/aug/student-cost-of-living-sky-rockets.html