The pie chart shows average monthly student expenditure in the UK in 2016. The bar chart shows sources of student income in the same year

The pie chart illustrates how students in the UK spent their money on various categories in 2016,

while

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the bar chart shows the main sources of their income in the same year.

Overall

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, student loans were by far the most common source of income,

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grants and funding were the least common. In terms of expenditure, rent accounted for the largest portion of monthly spending,

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travel represented the smallest. Nearly 80% of students relied on loans as their primary source of income. Similar proportions of students received financial support from their families or worked part-time, at just under 60%.

By contrast

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, fewer than 40% used savings, and even smaller proportions used bank overdrafts or grants and funding. Regarding expenditure, rent was the most significant cost, at £385 per month. Spending on food (£124) and socialising (£64) was moderate,

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bills (£69) and travel (£52) accounted for relatively small proportions. The smallest category was “other” expenses, at £11.