Revealed: The average Durham student receives £21,600 from parents during uni
Durham students receive the sixth highest amount of financial support in the Russell Group from parents whilst studying for a degree
Durham students receive an average of £21,60o during the course of their degree from their parents.
This data comes from consultancy firm High Fliers, which interviewed about 14,200 graduates this year.
Of 30 universities studied (all 24 Russell Group universities, plus Bath, St Andrews, Aston, Lancaster, Leicester and Loughborough), Durham students received the seventh highest amount of money (sixth in the Russell Group) from parents. The average across all 30 universities was £15,900.
Of the six universities to finish above Durham, four are based in London – just Edinburgh (where it is worth noting that most students study for four years, rather than three) and Bath students received more than Durham students outside of the capital city, at £25,200 and £22,300 respectively.
Durham and Bath are very comparable due to their location in small cities with populations below 100,000 people – it makes sense that there is less housing available in smaller cities, parents in turn have to contribute more to fill the void between maintenance loans and rent.
Durham students also received more money on average than other cities in nearby geographic areas. Students at Newcastle and York, the two closest universities to Durham in the survey by mileage, received an average sum of £14,000 and £14,900 respectively.
Additionally, students at Durham received more money from parents than students at Oxford and Cambridge. Cambridge students received £18,700, whilst Oxford students received £15,900.
Students receiving the most money came from Imperial College London, where the average student will be given £31,700 during their degree. On the other end of the spectrum, students at Aston receive an average of £6,700.
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Martin Birchall, the managing director of High Fliers, told The Times: “The real cost of living at university now far outstrips the maintenance loans that are available to students to pay for their living costs during their degree – and the gap continues to widen each year.
“Half of students at UK universities say they have struggled financially during their degree and without substantial financial support from their parents they would not have been able to complete their courses.”