Friday 12 September 2014
- 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
- Plan your budget for the academic year ahead, to help you avoid overspending. Use the Advice and Counselling Service Budgeting guide, which also includes many great money saving tips
- 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
- Buying lunch and snacks on campus will cost you at least £5 per day, plus drinks. This adds up to at least £750 a year on lunch if you are coming in every day during term time! Save money with a packed lunch sometimes
- Get discounts with your NUS Extra card and subscribe to Save the Student for regular emails about student discounts
- Check if you could switch to a cheaper tariff for your gas and electricity bills – see www.moneysavingexpert.com/cheapenergyclub. Also reduce your bills by finding out how you can save energy
- 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 www.thestudentroom.co.uk/wiki/Student_Finance_Tips
- 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
- 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 or discounted books from the campus bookshop
- Are you in financial hardship? You might be eligible to apply to the University Financial Assistance Fund once you have enrolled.
Is your Student Finance, NHS Bursary, or other funding delayed?
You need to reapply for your Student Finance/NHS funding each academic year. If there is a delay, contact Student Finance England/NHS Bursaries Unit to try and resolve the issue. If you need to, you can usually use a phone in the Advice and Counselling Service. If you cannot resolve the issue yourself, contact the Advice and Counselling Service using our contact details below.
Short Term/Emergency Loans
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 university 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 email@example.com. The loan can take a few days to process so apply for one in plenty of time.
If you have a sudden financial emergency, you 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.
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 have lived in the UK for three years before the start of your course, and you were living in England on 1st September of the year in which you started your course. You do not need to have been working during previous years of your course, but you must be working when you apply for Student Finance. To check your eligibility and find out how to apply, read the Eligibility section of the Advice and Counselling Service advice guide: ‘Student Finance: loans, grants and bursaries’.
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
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