“Work part-time in your spare time”… British universities introduce ‘3-day week’ for one-room apartments at 2.7 million won per month

The spread of ‘3-day classes per week’ at universities in the UK for students struggling with soaring prices and rent is attracting attention. Unlike before, where lectures and seminars were scheduled throughout the week, the academic year was drastically shortened to 2-3 days. The British daily Guardian reported on the 26th of last month (local time) that British

universities are introducing ‘compressed classes’ ( Compact Teaching ) to take into consideration students who have entered the daily life, such as part-time jobs.

Starting this fall semester, De Montfort University, Coventry University (Greenwich and Dagenham Campus), University of Sunderland, University of London Roehampton, Anglia Ruskin University (London Campus), and British Law School will be holding compressed classes three days a week. The purpose is to allow students to earn living expenses for the remaining two days.

De Montfort University piloted this system in some departments last year. According to the university’s own survey, students who actively took advantage of compressed classes three times a week improved their quality of life and felt about 10% happier than those who did not. Vice-Chancellor Katie Normington said, “We have received great feedback from current students.”

As inflation makes it difficult to cover living expenses and rent, students are combining study and work. In June, the UK Higher Education Policy Institute ( HEPI ) conducted a survey of 10,000 university students and found that 55% of respondents were combining study and work, working an average of 13.5 hours a week. There is a trend of increasing every year compared to 34% in 2021 and 45% in 2022.

London rent up 20% for 3 years… 2.7 million won per month for one room

In particular, rents in London were notorious for being high, but they have risen by an average of 20% over the past three years, reaching an all-time high. According to real estate agency Savills, the current median rent for a one-bedroom house is 1,600 pounds (about 2.7 million won) per month.

The UK’s two-year mortgage interest rate soared from 4.5% in August last year to 6.6% at the end of August this year. Because of this, the burden of interest payments on owners of rental properties in London has increased significantly, and it appears that landlords are passing this on to tenants.

The rise in prices is also significant. The UK’s consumer price index ( CPI ) growth rate in July was 6.8%, the lowest in 1 year and 5 months since the Ukraine War, but it is more than three times higher than the 2% inflation target of the Bank of England, the central bank of England.

Due to this situation, the number 스포츠토토of students considering stopping their studies is increasing. In the previous HEPI survey, 76% of respondents responded that “the burden of living expenses such as rent and groceries had a negative impact on their studies.” Previously, according to a survey by the ‘Russell Group’ (24 prestigious British universities) student council last March, one in five respondents said, “They are considering dropping out due to living expenses.”

A HEPI official expressed concern, “If the government does not take appropriate measures in a timely manner, universities will be reduced to educational institutions only for the children of the wealthy and privileged few.”

The issue of college student life is also being discussed in British political circles. Keir Starmer, leader of the Labor Party, recently criticized the government, saying, “If I were to go to school now, I would not be able to graduate due to the bleak economic situation and the rising costs of living.”

However, Finance Minister Jeremy Hunt said on the 2nd, “Inflation is falling as we enter the fall,” and “We will reduce inflation by half within the year to ease the burden on households and businesses.”

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