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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to think that £500 a month is enough for a child at uni

555 replies

FunnysInLaJardin · 04/02/2024 20:39

we will pay his accommodation and his tuition fees will be paid, so this will just be for food and travel etc

OP posts:
wombat15 · 08/02/2024 16:25

Splety · 08/02/2024 16:16

But that’s the whole point - the loan hasn’t increased in line with inflation. It went up about 0.2% when inflation was 10%, and this pattern has been the same the past 5 years or so.

So rents, food, energy have skyrocketed and loan amounts stayed the same.

Sure the accom OP is looking at is eye watering but it’s tough to get much in Y1 below about £7k unless you are at Oxbridge.

Yes, DD is at the same university I went to. The rent is 10 x higher than the 80s but the loan is only five times higher than a full grant in the 80s. The same for many other costs.

Lentilweaver · 08/02/2024 16:26

On alcohol? Probably have some drinks at home first, £10 should pay for a cheap bottle of wine plus 2 pints in a student bar..

😂 My DS doesn't drink ( no really he doesn't), but £10 wouldn't buy that in his student bar.

Splety · 08/02/2024 16:36

I am fascinated by this idea that students only drink alcohol once a week 😂

NetZeroZealot · 08/02/2024 16:37

Our DC got the minimum maintenance loan, so we topped it up to the equivalent of the maximum loan.

That seemed fair. They got jobs too.

Frazzled2108 · 08/02/2024 16:37

That's more than I pay for a family four!

Splety · 08/02/2024 16:51

Frazzled2108 · 08/02/2024 16:37

That's more than I pay for a family four!

Presumably you mean food only. There’s laundry, travel, toiletries, gym, going out on top. Not to mention that catering for 4 is way cheaper per person than catering for one. And that’s a savvy shopper who is used to supermarkets and cooking.

It’s a lazy, dumb comparison.

Jarstastic · 08/02/2024 17:11

£10 going out budget for a week is just so ridiculous. Alcohol aside, look at the price of a McDonalds meal, a cinema ticket, a bus or train fare etc etc.

There's no honour in being a 'skint student'. Maybe in the 70s or 80s, but it was already different in the 90s when I went.

Actually the mention of McDonalds reminded me of the Economist's Big Mac index. So UK in 2004 a Big Mac was $3.37, in 2022 $4.82 - a change of 43%.

Tiredmama53 · 08/02/2024 17:26

FunnysInLaJardin · 04/02/2024 20:39

we will pay his accommodation and his tuition fees will be paid, so this will just be for food and travel etc

I think your being generous enough but can see how they may struggle with £500 depending on where they go to uni and what the expenses are but I think that's on them to get a job and pay.

Things do add up e.g phone contract, travel, books etc for school, food, nights out with friends, subs for societies, clothes, any streaming services and you say you pay for accommodation but does that include everything? All bills, Internet etc? TV licsense.

I think it's important for students to have the balance of being able to enjoy their uni experience and Take part in the social side and also learn how to budget and earn their own money.

DungareesAndTrombones · 08/02/2024 17:37

ChocoChocoLatte · 04/02/2024 20:53

I'm worse. Mine gets an occasional ASDA shop and earns to pay everything else herself.

£500?!? <faints>

Same here!! His Dad gives him £100 a month but he earns the rest and I'm so proud of him 🥰

ChocoChocoLatte · 08/02/2024 17:47

@DungareesAndTrombones we're doing something right then! 🤞🏻🤞🏻🤞🏻

Jarstastic · 08/02/2024 17:47

DungareesAndTrombones · 08/02/2024 17:37

Same here!! His Dad gives him £100 a month but he earns the rest and I'm so proud of him 🥰

Is your son entitled to/does he have any student loans? Or is he literally paying for all his living expenses from this £100 and earnings?

DungareesAndTrombones · 08/02/2024 17:56

@Jarstastic he gets a maintenance loan that pays for accomodation with about £100 a year left over. He pays for all of his food / alcohol / clothes / toiletries by working 20 hours a week in a care home, and from savings from working a lot over the summer when he finished A levels.

He did want to go to a Uni down South but the loan wouldn't have covered accomodation costs.

Tryingmybestadhd · 08/02/2024 18:01

That’s plenty imo , in fact I would say it’s to much .

Jarstastic · 08/02/2024 18:02

DungareesAndTrombones · 08/02/2024 17:56

@Jarstastic he gets a maintenance loan that pays for accomodation with about £100 a year left over. He pays for all of his food / alcohol / clothes / toiletries by working 20 hours a week in a care home, and from savings from working a lot over the summer when he finished A levels.

He did want to go to a Uni down South but the loan wouldn't have covered accomodation costs.

That's really impressive. Well done to your son.

DungareesAndTrombones · 08/02/2024 18:04

@Jarstastic thank you 😊 I'm moving into a better job in a few months so hoping I'll be able to send him a bit of spending money every now and again.

Tempnamechng · 08/02/2024 18:11

Splety · 08/02/2024 16:51

Presumably you mean food only. There’s laundry, travel, toiletries, gym, going out on top. Not to mention that catering for 4 is way cheaper per person than catering for one. And that’s a savvy shopper who is used to supermarkets and cooking.

It’s a lazy, dumb comparison.

Why would you say what someone said is lazy and dumb on a post where people are openly talking about their different experiences and budgets?

TiredCatLady · 08/02/2024 18:17

£500 is a lot considering accommodation and tuition are paid for.
Rather than view it as making him comfortable (and obviously no one wants their child struggling), I’d be more concerned that it’s not going to encourage him to budget well. Quite the opposite.

Splety · 08/02/2024 18:18

Tempnamechng · 08/02/2024 18:11

Why would you say what someone said is lazy and dumb on a post where people are openly talking about their different experiences and budgets?

Because it’s a one line quip without any context?

StrawberryJellyBelly · 08/02/2024 18:18

Splety · 08/02/2024 16:36

I am fascinated by this idea that students only drink alcohol once a week 😂

Some don’t drink at all.

Splety · 08/02/2024 18:19

StrawberryJellyBelly · 08/02/2024 18:18

Some don’t drink at all.

Yep. But plenty do

moomoomoo27 · 08/02/2024 18:24

Apparently retired people need to have £40,000 a year to spend, so I guess students would be the same if not more because retired people often don't have rent or a mortgage 😂

wombat15 · 08/02/2024 18:26

TiredCatLady · 08/02/2024 18:17

£500 is a lot considering accommodation and tuition are paid for.
Rather than view it as making him comfortable (and obviously no one wants their child struggling), I’d be more concerned that it’s not going to encourage him to budget well. Quite the opposite.

He will still need to budget! He isn't going to be rolling in money.

Threewordseightletters · 08/02/2024 20:20

We pay my DD rent which includes all bills, heating, wi fi and unlimited use of the laundry. We also pay her phone and contact lens subscription. From her student loan and savings she has just under £100 a week for food and going out.

Madsciencecovid2020 · 08/02/2024 20:21

So our oldest was at uni for 4 years from 2018 and we gave her £200 a month and her maintenance loan covered her accomodation. Child 3 has started uni and we give him £300 a month . Both went to uni with a huge food shop and noth had a savings policy that paid out at 18 worth approx 2k. We sometimes pay for extras like laptop etc but both children also either did tutoring or got a job.
Child no.2 did an accountancy apprenticeship but lived at home rent free.
Child no.4 when / if he goes to uni will have the same type of support although he will also get additional support due to neurodiversity support.

Custardcreamsandbourbons · 08/02/2024 22:15

We do the similar the student loan for uni fees we pay accommodation and they get the maintenance loan to live on which is £4500 per year or £1500 a term basically £500 per month when they’re there.

They work in the holidays to top of up and to spend in the hols without the work they would run out of £
we pay phone contract and their train fare back home but they pay daily travel