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Financial Management & Funding

Good financial management can greatly reduce stress during your studies.

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What You Need to Know

Understanding University Finance

Pursuing higher education is a major investment.

In the UK, undergraduate tuition fees for 2025/26 are capped at £9,535 per year for most full-time courses, with maintenance loans available to help with living expenses.

Students can apply for Tuition Fee Loans and Maintenance Loans through the relevant student finance body based on where they normally live, such as Student Finance England, Wales, Scotland, or Northern Ireland.

Repayment for loans begins the April after graduation, and only once your annual income exceeds £25,000, with repayments set at 9% of your income over this threshold.

Additional support may be available in the form of grants, bursaries, or scholarships, particularly for those with specific needs, lower household incomes, or exceptional academic, sporting, or musical talents.

Each UK nation has its own funding arrangements and support systems, so check your eligibility carefully.

Managing Your Money at University

Good financial management can greatly reduce stress during your studies:

  • Budgeting: Create a realistic budget covering tuition, accommodation, food, and personal expenses. Include both regular and occasional costs.

  • Student Bank Accounts: Consider opening a student bank account to access interest-free overdrafts and useful budgeting tools.

  • Use Student Discounts: Take advantage of discounts on travel, shopping, and entertainment using platforms like UniDays or TOTEM.

  • Track Spending & Prioritise Essentials: Monitor your expenditure regularly. Pay for essentials like rent, food, and bills first, and limit non-essential spending.

  • Financial Help: Universities offer guidance, hardship funds, and money advice. Don’t hesitate to reach out if you find yourself struggling.

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