
Make sure you don't overpay income tax if you work. Taking one before you start university could help you save extra money. If you're still concerned about managing your money as a student, you could consider a gap year. As well as saving up for university, the work skills you’ll gain will help you get part-time work once you start your course. You could also try and get a holiday job in the summer before going to uni. Many students have part-time jobs to help with their finances. When managing your money, remember to include any contributions your parents might make to support you while you study. University tuition fees and financial support in Wales.University tuition fees and financial support in Scotland.University tuition fees and financial support in Northern Ireland.University tuition fees and financial support in England.Even a small amount of extra money can make a welcome difference to your student budget. It's worth checking for other sources of financial support. This could include government grants if you have children to look after, bursaries if you have a low household income, or university scholarships. Some students may be eligible for other financial support, such as grants, bursaries or scholarships. Once confirmed, you should get your first maintenance loan payment in your bank account shortly after you register on your course. If the provider is waiting on further evidence, your loan could be held up. Get your student finance application in early, and make sure you get confirmation of your entitlement to student finance. You are likely to need extra money to fund your living costs, particularly if your loan is reduced because your parents or partner have a higher household income. The actual amount you receive will depend on your personal circumstances. We illustrate the level of living cost support that could be available by household income in our pages on university tuition fees and financial support. Students living in London get a higher amount, except if they're from Scotland. If you live at home, you'll get a lesser amount. How much you get also depends on which UK nation you live in before you become a student and where you live while you study. The maintenance loan is means-tested, based on your household income. Your tuition fee loan will go straight to the university. Students living in the UK are usually eligible for student finance, which includes a tuition fee loan and a maintenance loan towards your living costs. Student loan (including your maintenance loan)
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You’ll need to start off with an estimate and update your plans when you have actual amounts to work with. The first step in managing your money is to work out your minimum income for the year. If you estimate your income and costs before going to uni, you could identify where you need to make savings or find extra income.
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Learning how to budget as a student can also help reduce money worries. Creating a budget will help you work out where you can afford to study. When choosing a university, the cost of living there may influence your decision.
