Alex is 100% correct with his comments about how students live today compared with say 20 years ago ( which, as it happens, was when I was at poly ).
Year 1 : Halls, so I got one reasonable meal a day !
Years 2 & 3 : Bottom half of a terraced house, with a mate. We had one bedroom each, a kitchen and a bathroom. It was not very smart, but it was clean ( and we kept it clean ).
The gas and electric were paid weekly. I had a BBC micro even though PCs were about then. We drank in the Union bars because they were much cheaper than the town. I washed my clothes in the bath ( they never really looked that clean ! ). I can remember going to out to eat in a restaurant twice in 3 years.
Most students I knew ( me included ) did manage to live on their grants, if the watched very carefully what they spent their money on.
But, never mind the above, my big point is this :
A student knows they will be in debt when they finish, so they think "well, what's another