Reshaping higher education
Over the last year, Blackbullion was quick to identify the powerful emergence of a significant new student cohort reshaping the university experience and landscape: the commuter student.
In this report we want to look at the issues giving rise to the rapid emergence of the commuter student, the impact this has on the future of the university experience and vitally, how universities are responding to the specific needs of these students.
We’ve found that:
🚌 Almost 2 out of every 5 current UK students are commuting – or consider themselves to be commuters.
💰 Commuter students reported a gap of £416 in their monthly finances
🎓 61% of commuter students said they had received a lower grade in the last year as a result of cutting back on going to campus
Want to know more? Download the full report
How is the data collected?
Blackbullion offers a range of features and products to students that require them to connect their bank accounts through open banking – working in a similar way to tried-and-trusted products like Apple Pay. In partnership with our FCA-approved Bud, we anonymise and analyse this data.
By representing our community of over 350,000 students, we’re able to generate insights into students’ financial realities at local, regional, and national levels with high levels of confidence.
We’re committed to the highest levels of data protection and transparency. This means that we’re focused on delivering value to our students, empowering them to make informed decisions and challenging them on less-than-ideal activity. We share these insights in a way that protects individuals and allows organisations to better understand students’ needs – creating a more positive financial future for Gen Z and Gen Alpha.
Who is Blackbullion?
Blackbullion is the ultimate destination for students to master money management. We’re on a mission to help students develop financial skills and confidence for life. Our products support over 350,000 students to become money smart before, during, and after their studies. We work with more than 75+ universities, colleges and businesses, including Amazon, Nationwide Building Society, and Imperial College London.
