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2425Spend per week If they ever existed, the days when students spent all their time and money partying appear to be long gone, with many living remarkably frugal lives.Three quarters of respondents (75%) said they spend less than £20 a week, compared with 67% in 2010 and 62% in 2008. The proportion who claimed they spent nothing at all on socialising, including on cigarettes and alcohol, has also increased, up from 11% in 2010 to 14% today. Those studying at modern universities were more likely to report cost-free social lives (17% did) than those at traditional universities (11%), as were international students, with a quarter (24%) of those from outside Europe saying they spent nothing on socialising (up from 22% in 2010). Not everyone is living a monastic existence, however, with 8% of respondents admitting that they spent over £41 a week on social activities, including smoking and drinking.Other results highlight the importance of mobile phones in modern society, with a minority of just 14% of students now spending nothing on a mobile. However, as they have become commonplace, so the costs have come down, and half of today's students (50%) say they pay less than £5 a week on their mobile, with most of the rest (26%) paying between £6 and £10. Another area of expenditure in which students are failing to live up to the stereotypes is music, with over three quarters (81%) not spending a penny on CDs or music downloads in a typical week. This is slightly up on 2010, when the corresponding figure was 79%. More surprising, however, is the finding that over half of students (58%) claim not to spend anything on books, an increase of nine percentage points on the last survey. Of those who do buy books, most (21% of all respondents) spend less than £5 in an average week, while just 3% said they spend over £21 a week on a regular basis. £0£1-20£21-40£41 or moreSpend on socialising a week61%17%56%22%52%24%11%11%11%10%8%14%2008201220102008201220102008201220102008201220102008£18.70 is the average spend a week on socialising - down from £24 in 2010 Law students appear to be big spenders with 11% saying they spend £21 or more on books in an average week, while those studying mathematics, computing and technology subjects were most likely to spend nothing (70% did). Travel costs, meanwhile, are spread more evenly, with 57% spending between £1 and £20 a week. The costs are highest for those living off campus, with over a third (36%) of those living with their families spending between £21 and £50 a week, compared to just 3% of those living in catered halls. Other regular expenses include food and groceries, which cost 64% of students £11-£40 a week and 15% over £41, and clothes, although around half (51%) said they spend nothing at all on clothes in an average week.Expected debt at graduationWith talk of average student debt spiralling to as much as £50,000 once tuition fees rise in 2012-13, the debt incurred by today's undergraduates may seem more reasonable. At present, the survey shows, just 1% of students expect to leave university with over £50,000 in debt. Amazingly 18% of respondents are still confident that they will finish their undergraduate education debt free, slightly more than in 2010, when the figure was 15%. However, most still expect to incur significant debts, with 30% now predicting theirs will total more than £20,000. This is two percentage points higher than 2010, and a massive increase on the 2% who expected to incur debts of at least £20,000 in 2004, before top-up fees were introduced. 30% expect debts over £20,00026 |