HSBC identifies most expensive university cities

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HSBC identifies most expensive university cities

London has topped an HSBC table as the most expensive university city to live in.

Averaging £100 or more a week in rent in shared accommodation in areas with the most students, it beat Plymouth, Birmingham and Nottingham for price.

The latter three averaged £63, £60 and £60 respectively.

Leeds, Glasgow, Manchester, Lancashire, Sheffield and Northumbria all averaged £50.

Lucy Payne, HSBC youth manager, said increasing costs of rent, food and transport meant students needed to "keep one eye" on living costs as they considered what and where to study.

All students, whether HSBC customers or not, can access its site at www.talkingmoney.hsbc.co.uk for advice and online service.

The bank has also announced details of its 2008 Student Service, which includes offers such as an interest-free overdraft of up to £2,000, free travel insurance and an optional £500 credit card.

A report by Universities UK this week cited increasing levels of student debt as a disincentive for postgraduate study.

The study, reported by the Telegraph, predicted that demand for postgraduate places immediately after graduation would fall by 5,000 a year.

Full-time undergraduate places could also drop by 25 per cent over 20 years due to government cuts, the report warned.
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