Being the first in family to go to university affects a student’s perception of value for money in higher education (HE) and impacts their experience and graduate outcomes. The current cost-of-living crisis may further compound inequalities already prevalent in the system.
New approaches to the regulation of HE providers mean it is vital that the sector recognises the challenges for disadvantaged students in completing their degree and securing a graduate job. The cost-of-living crisis not only impacts the day-to-day student experience but could jeopardise the onward value of their time at university, and therefore how the regulator views institutions. Many students will choose to socialise less, be more selective about the academic work they do and therefore develop less social and cultural capital which will have a negative impact on their ability to secure graduate jobs. Universities should be mindful that many first-in-family students are not aware of the importance of making social connections at university or how to best utilise the academic resources available.
Student support practices need to be adapted to both help students through the current financial challenges and ensure that they still have access to the “full” student experience. Government should reflect on the financial support available to students and offer more help to our poorest students who do not have savings and families to support them.