Every Monday, firstpoint publishes our top five tips on a topic related to life at university. We’ll cover a wide range of topics such as making the most of your time at university, help with your studies, working through the challenges of communal living or maybe looking after yourself during exams and assessments.
firstpointFIVE008 – Money advice
If you’re looking for some guidance and support with your finances, from budgeting to student loans, help is on hand…
Tip 1: Meet with an Adviser
The Money Advice Service offer week day appointments, in person or via telephone, to provide financial advice and guidance. They can help if you have problems or delays with funding applications, advise what to do if your circumstances change and help identify additional sources of funding that may be available to you. Contact firstpoint to book an appointment.
Tip 2: Get help online
The Money Advice webpages have lots of helpful information and links, including advice about tuition fees, loans, grants, self-funding, funding for part-time students and postgraduate loans. There is also advice about debt management, welfare benefits, budgeting and general financial queries. Paper copies of information can be found in firstpoint or for further information visit the Money Advice website.
Tip 3: Suffering financial hardship?
The University Hardship Fund is called the Access to Learning Fund. It’s a non-repayable grant to help eligible students experiencing financial difficulties. In particular, help is given to students who may be financially disadvantaged. Each application is considered on its own merits, so anyone experiencing financial difficulty is encouraged to apply. Collect an application form from firstpoint or download it from the Money Advice ALF webpage.
Tip 4: Budgeting and planning
Managing your money is one of the most important things you will learn as a student. Knowing that your finances are under control will allow you to relax and enjoy your time at university. You’ll need to learn how to budget to ensure that you have enough income to cover all your outgoings including rent, food, bills and travel. It can help to speak with a Money Adviser for help with budgeting and planning to make your money go further.
Tip 5: Be prepared for unexpected expenses!
You need to be covered by a TV Licence if you watch or record any live TV online, download or watch BBC programmes on BBC iPlayer – live, catch up or on demand. This applies to any device and provider you use. If you have a joint tenancy, several TVs are covered by one licence, so you can share the costs, but if you have a separate tenancy a licence is needed for each set. If you go home for the summer holidays, you may be able to get a refund on your TV licence for the remaining months. Find out more online.