There is no denying that university is a rather stressful period in life. Unlike the other exams you have previously sat, such as GCSEs and A-Levels, you are away from home for these ones. You aren’t coming home in the evening after a hard day of studying to a nutritious, brain-fueling meal. If you want that, you are going to be cooking it for yourself. The comfort blanket that has surrounded you for so many years at home is no longer there and fending for yourself has never felt so realistic.

It’s not all doom and gloom though. As of 1st, June 2019, one migraine-inducing factor of student life was extinguished — landlord fees.

After two and a half of years of lobbying, the law that was brought into place in Scotland seven years prior, was cemented in England. The Metro noted, “millions across the UK will now avoid being ripped off”. It is expected that 4.8 million home across the UK are likely to reap the significant rewards of private landlord fees no longer existing. This is no surprise, when recognising that private renters in England have been paying approximately £13 million a month in fees alone.

Few renters had been feeling this additional pinch more than students and recent graduates. Crippling landlord fees were often applied in sync with the first month’s rent and the additional deposit. A report conducted by Generation Rent discovered that the average cost for a two adult household was £272, ranging from £40 to £813.

What is a private landlord fee?

There are many ways in which a landlord or letting agency can charge their tenants, using the umbrella term of ‘fees’. Conducting a credit check or developing an inventory have, for years, have been considered as viable reasons by landlords and letting agencies to dish out heft charges for renters. Other than being able to secure a tenancy in the flat or house, the money which the renter departs with, benefits them in no way whatsoever. In fact, tenancy agreements, which, as the Guardian states, are merely cut and paste templates, are simply a way of letting agents “lining their pockets. The publication similarly calls upon the case of a story where one woman was charged an astronomical £45 to replace a dustpan and brush.

The effect on students

Very few students in the UK will now go to university without the help of a student loan. However, in recent years, thanks to the increase in living costs, the amount of people accepting the help of a maintenance loan has increased too. For the upcoming university year 2019/2020, students living away from home, excluding London, will receive a maximum maintenance loan of £8,944. This maintenance loan is broken down into three lump sums, with the last payment being larger than the initial two. On average, each payment will hover around the £2,900 mark. The average cost of renting a room in the UK is £513 a month and often landlords will ask for a first month’s rent along with a deposit. The deposit amount is usually the same as one month's rent. So, if we combine this with the average price per person of landlord fees, (£132), students will already have spent £1,158 on the first month of accommodation. Factoring in other living costs, students could end up footing more than half of their first loan installment within the first month.

How will students benefit now?

In a 2017 survey conducted by The World University Rankings, students were asked what they deemed the most stress-inducing part of university life. Above being away from family, and the fear of making new friends, managing finances sits second in the pile as the biggest cause of pressure. In a similar survey carried out by Save the Student, 45 per cent of respondents proposed that their mental health had suffered due to finances. Meanwhile, 44 per cent said keeping up with their rental payments had been a problem. More alarmingly, in terms of education, approximately a third suggested their studies were at risk due to money worries.

The abolished landlord fees will allow for an evident reduction in stress. Plus, students will be able to apply the savings to purchasing new learning materials or investing in alternative activities which will benefit their student experience.

Similarly, although many students will opt to assume part time employment during the time at university, a reduction in living costs will help ensure they don’t have to work as many hours during times surrounding coursework deadlines and exams.

The removal of these charges, obviously, sparked considerable outrage among landlords and letting agents across the nation. But the benefits for students are obvious, allowing thousands of students across the country to embark on university courses with one less stress!

You may also be interested in these articles:

Register, Login or Login with your Social Media account:


Advertisers

Advertiser Skyscrapers

Video Advert

Newsroom Activity

Dyspraxia Lambeth had a status update on Twitter 8 hours 51 minutes ago

@ERSA_CEO @apprenticelsbu @Edu4sj_lsbu @milton_damian @QLMentoring @EdDavie @NancyDoylePsych @HWLambeth Fears ‘lost… https://t.co/HgFJWeC60R
View Original Tweet

SERC has published a new article: Conal Set for SPARKS Apprentice of the Year Competition 18 hours 53 minutes ago

Latest Education News

Further Education News

The FE News Channel gives you the latest education news and updates on emerging education strategies and the #FutureofEducation and the #FutureofWork.

Providing trustworthy and positive Further Education news and views since 2003, we are a digital news channel with a mixture of written word articles, podcasts and videos. Our specialisation is providing you with a mixture of the latest education news, our stance is always positive, sector building and sharing different perspectives and views from thought leaders, to provide you with a think tank of new ideas and solutions to bring the education sector together and come up with new innovative solutions and ideas.

FE News publish exclusive peer to peer thought leadership articles from our feature writers, as well as user generated content across our network of over 3000 Newsrooms, offering multiple sources of the latest education news across the Education and Employability sectors.

FE News also broadcast live events, podcasts with leading experts and thought leaders, webinars, video interviews and Further Education news bulletins so you receive the latest developments in Skills News and across the Apprenticeship, Further Education and Employability sectors.

Every week FE News has over 200 articles and new pieces of content per week. We are a news channel providing the latest Further Education News, giving insight from multiple sources on the latest education policy developments, latest strategies, through to our thought leaders who provide blue sky thinking strategy, best practice and innovation to help look into the future developments for education and the future of work.

In May 2020, FE News had over 120,000 unique visitors according to Google Analytics and over 200 new pieces of news content every week, from thought leadership articles, to the latest education news via written word, podcasts, video to press releases from across the sector.

We thought it would be helpful to explain how we tier our latest education news content and how you can get involved and understand how you can read the latest daily Further Education news and how we structure our FE Week of content:

Main Features

Our main features are exclusive and are thought leadership articles and blue sky thinking with experts writing peer to peer news articles about the future of education and the future of work. The focus is solution led thought leadership, sharing best practice, innovation and emerging strategy. These are often articles about the future of education and the future of work, they often then create future education news articles. We limit our main features to a maximum of 20 per week, as they are often about new concepts and new thought processes. Our main features are also exclusive articles responding to the latest education news, maybe an insight from an expert into a policy announcement or response to an education think tank report or a white paper.

FE Voices

FE Voices was originally set up as a section on FE News to give a voice back to the sector. As we now have over 3,000 newsrooms and contributors, FE Voices are usually thought leadership articles, they don’t necessarily have to be exclusive, but usually are, they are slightly shorter than Main Features. FE Voices can include more mixed media with the Further Education News articles, such as embedded podcasts and videos. Our sector response articles asking for different comments and opinions to education policy announcements or responding to a report of white paper are usually held in the FE Voices section. If we have a live podcast in an evening or a radio show such as SkillsWorldLive radio show, the next morning we place the FE podcast recording in the FE Voices section.

Sector News

In sector news we have a blend of content from Press Releases, education resources, reports, education research, white papers from a range of contributors. We have a lot of positive education news articles from colleges, awarding organisations and Apprenticeship Training Providers, press releases from DfE to Think Tanks giving the overview of a report, through to helpful resources to help you with delivering education strategies to your learners and students.

Podcasts

We have a range of education podcasts on FE News, from hour long full production FE podcasts such as SkillsWorldLive in conjunction with the Federation of Awarding Bodies, to weekly podcasts from experts and thought leaders, providing advice and guidance to leaders. FE News also record podcasts at conferences and events, giving you one on one podcasts with education and skills experts on the latest strategies and developments.

We have over 150 education podcasts on FE News, ranging from EdTech podcasts with experts discussing Education 4.0 and how technology is complimenting and transforming education, to podcasts with experts discussing education research, the future of work, how to develop skills systems for jobs of the future to interviews with the Apprenticeship and Skills Minister.

We record our own exclusive FE News podcasts, work in conjunction with sector partners such as FAB to create weekly podcasts and daily education podcasts, through to working with sector leaders creating exclusive education news podcasts.

Education Video Interviews

FE News have over 700 FE Video interviews and have been recording education video interviews with experts for over 12 years. These are usually vox pop video interviews with experts across education and work, discussing blue sky thinking ideas and views about the future of education and work.

Events

FE News has a free events calendar to check out the latest conferences, webinars and events to keep up to date with the latest education news and strategies.

FE Newsrooms

The FE Newsroom is home to your content if you are a FE News contributor. It also help the audience develop relationship with either you as an individual or your organisation as they can click through and ‘box set’ consume all of your previous thought leadership articles, latest education news press releases, videos and education podcasts.

Do you want to contribute, share your ideas or vision or share a press release?

If you want to write a thought leadership article, share your ideas and vision for the future of education or the future of work, write a press release sharing the latest education news or contribute to a podcast, first of all you need to set up a FE Newsroom login (which is free): once the team have approved your newsroom (all content, newsrooms are all approved by a member of the FE News team- no robots are used in this process!), you can then start adding content (again all articles, videos and podcasts are all approved by the FE News editorial team before they go live on FE News). As all newsrooms and content are approved by the FE News team, there will be a slight delay on the team being able to review and approve content.

 RSS IconRSS Feed Selection Page