Financial Health Check
Step One – Apply for Support
You must apply for all the statutory support you are eligible for. The Funding available to you will depend on your course, fee status and level of study. This support includes Student Finance England loans and grants, NHS bursaries, career development loans, research council funding and University funding.
Financial Help from the University
Step Two - Budget
Once you know how much money you will have coming in, you need to work out your expenses and then create a budget. Our Money Planner will help you with this.
Step Three – Maximise Your Income
Think about the ways you can increase your income. Do you have any time to do some part time work? Can you apply for extra funding or financial support? Are there any charities you can apply to?
Step Four - Minimise Your Expense
Are there any ways you can cut back or find cheaper alternatives?
Step Five - Budget Time again
Now take some time to look at your budget again. Taking into account the changes you have made to your income and expenses. Hopefully your budget will now be starting to look healthier.
Step Six – Contacts for help
If you have tried all the above steps and are still worried about your financial situation it may be time for you to seek out some help. The University provides lots of support such as the Union Money Advisers and the Counselling Service.
Step Seven – Enjoy your time at University
It´s important that you control your finances whilst studying but remember why you are here. As a student you will have many new experiences both socially and academically. Whatever you want to achieve once you have a workable budget in place, make sure you stick to it and you can start to make the most of the opportunities on offer at University.