Money worries
What to do if you're worried about money and debt at university.
On this page:
Get support
Find out what to do if you can't pay your fees on time.
If you have another money worry or question, you can get support from a money advisor.
We will help you get the right support.
Bank accounts
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.
Part-time work
If you are struggling to make ends meet, think about whether you can remove any costs or have ways to increase your income. 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.
The Digital Support Fund provides financial help towards the cost of IT equipment needed for your course. This fund is only available to students who cannot buy this equipment because of financial difficulties.
Dealing with debt
If cannot pay your tuition or accommodation fees, get support with late or missed payments.
If you are in debt, you can also speak to a debt advice service such as:
These services can provide free, confidential advice on managing debt.
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 websites where you can check your credit rating for free. The Debt Advice Foundation offers a student debt guide.
Plan ahead
Saving a little money each month means less anxiety and stress in unexpected circumstances. This 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.
Financial help for newly estranged students
If you have not had contact with your parents or guardians for at least 12 months due to a breakdown in your relationship and you need financial support, please contact us.