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Money Matters: Ideas to help you manage your money

Thursday 20 September 2012

Check you’re getting what you’re entitled to

As a new student, it is important to check that you have applied for all of the money you are entitled to. QM’s Advice and Counselling Service funding guides will help you apply for any extra money that you are eligible for. The funding guides are:

All the guides, as well as guides on budgeting, council tax and more, are available from welfare.qmul.ac.uk/publications or the Advice and Counselling Service reception (ground floor of Geography building, Mile End campus).

Plug in any gaps in funding with a short term interest free loan from QM

If you have applied for funding for your programme of study and you are definitely eligible for it, but it has been delayed, you can apply to the College for a short term interest free loan to help with your living costs. The loan can take a few days to process so apply for one in plenty of time.

If you are having problems with Student Finance England which you have not been able to resolve yourself, contact the Advice and Counselling Service using the contact details below:

Visit the Student Enquiry Centre, room CB02, Queens' Building, Mile End campus or email bursaries@qmul.ac.uk.

Quick emergency loan applications

If you have a sudden financial emergency, you can apply for an emergency loan of between £25 and 50. If your application is successful, you can usually get the emergency loan on the same day that you apply for it.

Visit the Student Enquiry Centre, room CB02, Queens' Building, Mile End campus or email bursaries@qmul.ac.uk.

Are you an EEA National?

You may be eligible for full Student Finance if you are working or if you have lived in the UK for three years before the start of your course. Read the Eligibility section of the Advice and Counselling Service advice guide: Student Finance: loans, grants and bursaries for undergraduates in 2012 Contact the Advice and Counselling using the contact details below if you need any advice about your eligibility, or any help with your Student Finance application.

Have you opened a student bank account?

Most banks offer UK undergraduate students and some EU students a student bank account with an interest free overdraft facility. Some banks, but not all, offer a student account to postgraduate students. The following website compares different student bank accounts for the 2012/13 academic year:

www.moneysavingexpert.com/students

If you are new to the UK and want to open a bank account, see the Advice and Counselling Service advice guide How to open a bank account in the UK.

Have you planned your budget?

Managing your money is vital when you are a student and on a low income. It is essential that you work out how much your income is and compare that to your spending so you know how much you can afford to spend, and don’t run out of money. 

The Advice and Counselling Service advice guide Managing your budget and cutting costs helps you to plan your own personal budget, and also gives you great money saving ideas. 

Do you need further advice?

You can find out more about the Advice and Counselling Service and how we can help you at www.welfare.qmul.ac.uk

Contact the Advice and Counselling Service

Send an email via the enquiries form. This form ensures Advice and Counselling have all the information they need and can help students more quickly and efficiently.

www.welfare.qmul.ac.uk

020 7882 8717

Visit the Advice and Counselling Service reception on the ground floor of the Geography building, Mile End campus (map).

Come and say hello at the Money Advice Stand, which will be in Library Square, Mile End campus, on Thursday 1 November from 12pm to 2pm.

For all the tips and latest updates, follow the Advice and Counselling Service on:

Twitter: @QMUL_ACS

Facebook: http://on.fb.me/pj5TP3

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