New data shows that students in the UK are skipping meals, attending lectures remotely and taking on more debt to cope with the rising cost of living.
The Office for National Statistics finds the proportion of students at UK universities being affected by the crisis is similar to that of other adults across the UK, with more than nine in 10 reported that their costs had increased.
Half of the students said they were struggling financially and 15% said they were having major money problems.
More than three-quarters of students (77%) said they were concerned the rising cost of living could affect their academic performance.
Read more: What support is available for students?
They reported skipping meals, not attending course-related events and attending lectures remotely in an attempt to save money.
About 25% of students also said they borrowed more money or used more credit than usual.
Among those with more debt, two-thirds (66%) said they did so because student loans did not cover living expenses.
Nearly half (45%) said their mental health and well-being had deteriorated since the start of the fall semester.
The students were also asked if they could ask for money from a family member. Nearly half (48%) say they will, but a similar percentage (48%) say that, for one reason or another, they won’t.
But the ONS also found that the majority of students did not apply for any financial aid from their university. Only 16% have applied for a scholarship and 7% went to their university’s higher education fund.
Data may not tell the whole story
Today’s stats are experimental – which means they may not tell the whole story.
This survey is the first formal study of its kind and is based on the views of more than 4,000 students.
A third (34%) of students said they are now less likely to continue their studies after completing their course.
One in five (19%) have considered pausing their course and resuming it next year, with the same number (19%) saying they are considering switching from classroom to distance learning in order to save shipping cost.
However, the percentage of students actively planning these actions was significantly lower. Only 1% of students plan to pause the course and resume it the following year, while 2% plan to change from classroom and distance learning. Only 6% plan to move back to their family home and go to college from there.
Only 2% of students said they were unable or extremely difficult to continue their course.