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Top 10 money tips for new students

Thursday 19 September 2013

  1. Don’t miss out on money that you are entitled to. Use the funding advice guides on the Advice and Counselling Service website to help you check this at www.welfare.qmul.ac.uk//money/
  2. Buy an NUS (National Union of Students) Extra card (£12 a year) to get discounts on a wide variety of shops, restaurants, cinema and travel – www.nus.org.uk/en/NUS-extra
  3. Get an 18+ Student Oyster photocard for discounted London travel – www.tfl.gov.uk/tickets
  4. Plan your budget for the academic year ahead, to help you avoid overspending. Use the Advice and Counselling Service guide, which also includes many money saving tips: www.welfare.qmul.ac.uk/documents/leaflets/budgeting/5065
  5. Apply for help with health costs on the basis of low income on form HC1 (available from NHS doctors surgeries, dentists, or hospitals)
  6. When food shopping, buying supermarket own brands is usually cheaper than manufacturers items; look out for ‘buy one get one free offers’ on items you usually shop for; and look for reduced for quick sale items in the evenings
  7. Try and cook with a group of friends, as this is often cheaper than cooking for yourself, and more fun! Find simple recipes at www.studentcook.co.uk
  8. To avoid running out of money before the end of the semester, open different bank accounts for different purposes and move money between them at set times – you might also earn some interest. See:
    To compare student bank accounts see www.moneysavingexpert.com/students/Student-bank-account
    International students see www.welfare.qmul.ac.uk/international/money/banking
  9. Shop around for the best mobile phone deal, so you aren’t paying more than you need to: www.welfare.qmul.ac.uk/money/budget/mobiles
  10. Save money on books: borrow from the university library, and download academic e-books and e-journals for free; share books with friends; buy second hand books from the campus bookshop.

For loads more money saving ideas, read the Advice and Counselling Service guide ‘Managing your budget and cutting costs’:


Is your Student Finance, NHS Bursary, or other funding delayed?
If you have applied for UK government 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, once you are fully enrolled. Contact the Student Enquiry Centre, room CB2, Queens Building, Mile End campus or email bursaries@qmul.ac.uk

The loan can take a few days to process so apply for one in plenty of time.

If you have a sudden financial emergency, all enrolled students can apply for a small emergency cash loan in the same way as described above. If your application is successful, you can usually get the emergency loan on the same day that you apply for it.

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 our contact details below. We may be able to contact SFE on your behalf.

Are you an EEA National?
You may be eligible for full Student Finance (money for living costs as well as a Tuition Fee Loan) 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’ www.welfare.qmul.ac.uk/money/undergraduates/finance
Contact us using the contact details below if you need any advice about your eligibility, or any help with your Student Finance application.

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

To contact us, you can:
email us via our website www.welfare.qmul.ac.uk
call us on 020 7882 8717
visit our Reception on the ground floor of the Geography building, Mile End campus

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