It has been claimed in a recent report that students in the UK are increasing the amount of time they are spending in paid employment in a bid to try and combat their rising debts. More and more students are spending an increasing amount of time carrying out paid work so that they can counteract some of the debt, according to the report.
The data for the report was compiled as a joint venture between the NUS and Endsleigh Insurance, and formed part of their Student Lifestyle Report. The research carried out showed that in 2010 students worked on average around fifteen hours a week in paid employment. This compared to thirteen hours a week in paid work in 2008.
The report focused on analysing the lifestyles of students in detail, looking at issues such as their options at university, their finances, their employment, and their overall lifestyles and choices. It looked at students’ attitudes to a variety of issues, including debt management, employment, and social activity.
The research showed that the number of hours students were working and getting paid for tended to increase during university holidays, which is the time when students are meant to get some rest and do some studying for their exams and coursework. However, many have been using these holidays for working to earn some money and keep down debt levels, as the results of the study have shown.
A spokesperson for Endsleigh Insurance said: “University offers a unique opportunity for students to grow and develop responsibilities, both academically and financially. It is perfectly healthy for students to seek paid employment whilst at university and in the holidays, particularly if this relieves financial pressure on living costs. However, it is equally important to make sure that students leave enough time to devote to their academic course in order to ensure they get the best possible qualifications.”
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