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.”

http://petitions.number10.gov.uk/NohigherFees/

Courtesy of the Farnham Herald via the fantastic Ms Maria Pryor!:

STUDENTS at Farnham’s University for the Creative Arts held a protest last week over an “unfair” hike in tuition fees that has seen graduate debt double since 2006.
The protest, which involved the release of hundreds of helium filled balloons, was organised by the UCA Students’ Union to draw attention to the ever increasing debt faced by many upon graduation.
Protesters were encouraged to write down their debt onto tags that were attached to the balloons, but unlike the resulting spectacle in the sky, students say their debts wont just blow away in the wind.
Part of the problem, organisers explained, is that the amount of money on offer in the form of a university bursary is lower than that available at different institutions.
As most degree courses at UCA require students to pay large amounts towards materials, many feel as though they are being left severely out of pocket with inadequate help.
Kaylie Nugent, currently in the second year of her studies for a degree in film, explained how she would be in £24,000 of debt when she graduates.
“Living in Farnham is so expensive – you get all of the London prices but without any of the financial support that London students are entitled to,” she said.
“Other universities will offer up to £1000 in bursaries but the maximum we can get, if we are lucky enough, is £300. In the third year we are expected to spend up to £6,000 of our own money creating a film. The whole point of this protest is to try to make the university realise just how expensive it is to come here. In this time of recession I think it’s outrageous that there is so little help on offer.”
Another student on the film degree course, who wished to remain anonymous, said: “Usually the university pay for our film stock but in the final year it is up to us to fund everything. I don’t have any money and I’m overdrawn so to fund this I’ve had to get credit cards. This means that I’ve put myself in even more debt just so I can finish my degree.”
She went on to say that she has so little money that she can’t afford to shoot her final project on film but is having to use digital instead.
“I’m not happy about that, it’s not what I really want to do and as such it’s compromising my entire degree but I simply can’t afford to do anything else.”
Maria Ann Pryor, vice president of the Students’ Union, said that when she graduated in 2006 average debt was around £12,000 now it is more than £24,000.
“We want people to realise how bad this situation is for our students and how it is only going to get continually worse. People are now coming out of university with the same amount in debt that you would need to put down as a deposit on a house, it’s crazy. We want to make sure that these unfair tuition fees don’t get any higher because we now have students who are leaving because they can’t afford it. We have a lot more students now who choose to remain living at home and who commute here just to study.
“I’ve had so many students come to me and complain that they can’t afford to look after themselves properly because of their course costs. It’s quite frightening that for most it is a choice between eating or finishing their projects.”
She called on the university to consider increasing the amount of money available in bursaries and means-testing students to ensure that the truly impoverished receive the most financial help.
“Other universities means-test those eligible for bursaries and offer them up to £1000, which UCA could and should do for its students. At present they offer the absolute minimum.”
A spokesman for the University for the Creative Arts said: “It is regrettable that fees have had to increase so much over the past three to four years. However, in order to maintain the high standards of course provision and investment in the student experience, this increase in fees has been unavoidable.
“Research has demonstrated that higher education is an excellent investment in future earning potential. The creative industries in particular have outstripped growth in the economy as a whole in recent years and are in a much stronger position to weather the current recession.”