What to do if you're worried about money and debt at university.
The most important thing to remember is not to worry about your finances alone. We can help and discuss what options are available to you.
Talk to someone
If you are concerned or need extra support, speak to a Money Adviser. We offer daily drop-in sessions on MS Teams, Monday - Friday, 10 am -11 am and 2 pm - 3 pm.
Or you can book a 1 to 1, 15-minute appointment with a Money Advisor by calling Student Services on 0117 428 3000. Appointments are held via MS Teams or by phone.
You can also request wellbeing support or contact your personal tutor.
You may benefit from opening a student bank account which offers an interest free overdraft.
There is useful information for students on the Money Saving Expert website.
If you are struggling to make ends meet, consider whether there are any costs that could be removed. Options for increasing your income include getting a part-time job. The Careers Service offers information and advice on finding a part-time job or a paid internship.
Apply for hardship funds
The Financial Assistance Fund provides a safety net if you find yourself in financial difficulties during your studies.
You may also want to think about asking for help from parents.
Dealing with debt
If you are in debt, speak to a debt advisory service such as Talking Money and arrange realistic payment plans based on the funds you have available. Prioritise paying off debts before spending out on other things.
If you get a bad credit rating now, this could affect your future eligibility for other loans. This includes loans for mortgages, further education and credit cards. Bad credit rating will not be written off just because you are a student.
There are webpages where you can check your credit rating for free. The Debt Advice Foundation offers a student debt guide.
Saving a little money aside each month means less anxiety and stress in unexpected circumstances, and can give you peace of mind throughout the year.
Don't give in to the pressure of what your peers are spending money on. Be strong and stick to your budgets.
Money advice drop ins
If you have a funding worry or query, join an online drop in Monday - Friday:
- 10 am - 11 am or,
- 2 pm - 3 pm.
No need to book, click the link and an Adviser will be with you shortly.
Or you can contact us by email: email@example.com.