A survey has found a majority of students are struggling with financial pressure at college.
The research was carried out by SpunOut and the Irish League of Credit Unions.
Almost 9 in ten students revealed they worry about money.
While nearly half are not even able to cover basic living costs.
Where do you go to talk about your finances? 🤔
As part of our survey in partnership with @SpunOut we found that 72% of students go to their friends or family to learn more about their finances.
Find out more here👉 https://t.co/P4sZCx1hv3 #MoneyOnYourMind pic.twitter.com/fMjwdQuh6g— Credit Union (@creditunionie) September 14, 2021
It Has Other Effects Too
This new survey has given an insight into how students worry about finances.
The Irish League of Credit Unions and youth information website Spun Out have collaborated on the research.
Hannah Byrne from Spun Out says the burden of financial pressure can have a wider impact on mental health.
"If they're worried about covering the day to day costs of going to college then that's going to have an impact on their mental health."
"As well as their experience of college life."
Finance Is The Number One Issue
On the ground, President of UCD Students' Union Ruairí Power says they're not surprised at the findings of the survey.
He said it's the number one issue dealt with on campus.
They're looking to create a stand alone role to deal with it.
"We take serious issue with the creation of massive cost barriers."
"Both by Governments, and by the Universities in their failure to invest in more affordable fees."
"Also in their failure to invest in better quality, affordable housing for students particularly on our college campuses."
There have been calls for more information to be made available to those in need.
Spun Out have this page for those who are struggling financially at college.
