With Student Finance applications opening soon, money may be on the mind. Edge Hill University does a lot to help ease money woes and provides numerous services and opportunities. On such resource is the Money Matters website, which has useful information on loans (which I have briefly detailed below), grants, bursaries, scholarships, and more!
There are two loans available from the government for undergraduate university study:
Tuition Fee Loan:
This is something you largely don’t have to worry about. You can borrow enough to cover the tuition fee for your course and is not means tested. This will be paid directly to your university – I didn’t worry about it once I had applied.
To help with food, accommodation and travel, this loan will depend on a variety of factors: household income, whether you’re living at home or away, the exact location of your residence, and more. The maximum amount able to be received is £8,700, or £9,916 if you qualify for the increased Maintenance Loan. This will be received directly, usually in three instalments, to your bank account or building society.
Managing the money from your maintenance loan might seem like a challenge. Typically, you receive roughly a third per term and will have to budget your money to last appropriately, accounting for rent, food, other essentials and any left over for spending (i.e. social events, shopping).
This is where the Money Advice Team can help. Available for drop-ins Monday and Friday, 10am-1pm, and Tuesday and Thursday from 1pm-4pm, they can lend a hand in keeping your finances on track, providing budgeting tips and techniques as well as information about the Student Support Fund and part-time job opportunities.
Not only are there a number of jobs on campus available to Edge Hill students (such as open day helpers and library staff), the Money Advice Team can help you find jobs in the surrounding area such as St Helens, Preston, and Liverpool.