NUS SURVEY REVEALS HIDDEN COSTS OF UK’S MOST EXPENSIVE DEGREES

As students across the country get ready to receive their A-level results and look forward to going to university, new research by the National Union of Students (NUS) in conjunction with HSBC today reveals the ‘hidden’ costs associated with certain degree subjects.
The figures, which are taken from a forthcoming student experience report, will come as a shock to many whose chosen subject appears in the top half of NUS’ league table of ‘most expensive degrees’. Someone taking a degree in mathematical or computer sciences, for instance, will be looking at a whopping £1,430 yearly spend on books, equipment and fieldwork on top of their tuition fees and living expenses, compared to £432 for someone taking an education degree*:
Additional annual spend by degree course:
• Mathematical Sciences and Computer Science: £1430.40 • Medicine and Dentistry: £902.16 • Business and Administrative Studies: £873.36 • Creative Arts and Design: £701.04 • Engineering and Technology: £651.60 • Law: £642.48 • Languages: £635.28 • Historical and Philosophical Studies: £568.56 • Social Studies: £539.76 • Biological Sciences: £539.52 • Physical Sciences: £499.20 • Subjects allied to medicine: £461.52 • Education: £432.48
NUS President Wes Streeting said:
“It is completely unacceptable that applicants are left in the dark about the true cost of degrees. Many students preparing to go to university this summer may be in for a real shock.
“Universities need to be much more open about the hidden costs associated with different courses. There should be better information, advice and guidance about student finance on university websites and in their prospectuses.”
The report also suggests that students’ financial situations deteriorate during their time at university, leaving them more reliant on sources of funding other than their grants or loans. 29% of first year students rely on paid employment or other loans or credit as a source of funding, compared to 50% of final year students.
Wes Streeting added: “Universities should also provide students with better financial advice and support whilst they are at university, so they do not have to get into commercial debt or jeopardise their studies by taking on more part time work just to get by.”
