Ben Whittaker, vice-president of the National Union of Students, said: “Some of the accommodation out there is absolutely extortionate and our research shows that prices are going up year-on-year. There is no doubt that people are taking advantage of the vulnerable position students are in.
“It’s compounded this year by the fact that we’ve seen such big increases in applications to university and delays to student loans, meaning students have been forced to make late and hasty decisions on accommodation.”
This year, the number of students starting university will increase by 13,000. Numbers are believed to have been swelled by a dramatic rise in the number of school-leavers and mature students applying to higher education in the recession.
An increase in demand leads to an increase in prices.
Aren\’t students lucky to get a lesson in economics without actually having to attend a lecture?