College students in Ireland are living on less than a tenner a day, according to new figures.
Bank of Ireland claim that third level students have an average disposable income of €258 per month, or just €9.20 per day.
And more than a third of students say their parents are helping out with their fees, with 65% adding that they also live at home.
In addition to working on their studies, 63% of survey respondents are working elsewhere at least part-time, with 8% of these working full time, throughout the term.
Rory Carty, Head of Youth Banking at Bank of Ireland, said: “College life is complicated.
“From finding affordable accommodation to making time for studies, students in Ireland are working part time and trying to enjoy their social life too.
“Bank of Ireland’s Financial Wellbeing programme helps inform and educate students on spending and saving in a way that suits their needs, as we understand that this is a time when they can feel under financial pressure.
“To make the transition a little easier we are rewarding all our Bank of Ireland student customers with cashback offers that have been designed by students for students, such as free NOW TV passes, 30% cashback on every Just Eat order and €5 cashback on a €20 spend in Maxol, offering value throughout the college year.”
