Study reveals the average monthly income and expenditure of third-level students in Ireland 3 years ago

Study reveals the average monthly income and expenditure of third-level students in Ireland

Over a third of Irish students say they are in severe financial difficulty.

Nearly four in ten third-level students in Ireland say they are in severe financial difficulty, according to a study of student living conditions in the country.

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Approximately 36% of 20,000 students in third-level institutions in Ireland reported having financial problems in Eurostudent VI, the sixth annual report on student living conditions due to be published today, January 22.

Third-level students in Ireland, the report reveals, have an average monthly income of €754 and average monthly expenditure of €832, a deficit of €78 per month.

40% of those monthly living costs are provided by someone other than the students themselves, usually a parent or a partner.

Not surprisingly, accommodation accounted for the largest chunk of students’ expenditure, accounting for over 4% of monthly costs, an average of €365 per month.

Average income has increased for the majority of third-level students (except postgraduate students) since the last Eurostudent report, Eurostudent V, in 2013, while the number of students attending third-level institutions has increased by 7.8% in that period.

For more information on the report, check out the Eurostudent website.