Rising living costs in Prague are putting pressure on AAU students, with some struggling to afford rent, groceries, and other essentials, despite the university’s efforts to provide financial aid and scholarships.
“Buying groceries every week is my biggest concern, I would say. The cost adds up at the end of the month,” said Han Ngu Yen, a first-year student living in the university dorm.
The financial strain extended beyond just food costs for many students as the price of accommodation steadily increased in Prague, making the search for affordable housing a growing challenge.
“I found affordable housing last minute in a great neighborhood, so no complaints,” said Enora Huon de Penanster, another first-year student, expressing her gratitude for securing a budget-friendly shared apartment in Vinohrady.
The cost of living in Prague is high compared to other European cities. A single person may spend around 51,112 CZK per month which is more expensive than 78% of cities in Eastern Europe.
In response to these financial challenges, AAU had extended its support to students through scholarships and financial aid.
“In November 2023, AAU released several new scholarships and revamped some current ones. In addition, AAU strives to coordinate with the Cafe de Taxis and offer student-friendly prices to students on campus,” said AAU Financial Aid Counselor Drake Dewey.
Dewey elaborated on ways to alleviate financial pressure by encouraging flat-sharing and utilizing available financial aid, which could help students manage their expenses and focus on their studies.
“Make friends, find a nice flat, and split the cost. If searching for an apartment is something unknown to our students, they can reach out to our housing specialist, Mia, who will direct them and offer advice,” Dewey said.
