Becoming a student means managing your money, and it can be a challenge to budget for the whole year. Many students underestimate the amount of money they spend and overestimate how far their student loan will go!
To give you an idea of what things cost, take a look at the average student monthly spend*:
Type of spending
Average amount spent
|Utility Bills (Gas, Electricity, Water)||£37|
|Socialising (Eating out, Cinema, Clubs etc.)||£67|
|Total student monthly spending||£745|
You do need to consider your finances, but don’t panic! AUB’s Student Services have registered Money Doctors to provide you with lots of help and advice.
AUB also has a number of funds that may be able to provide small amounts of additional funding to help you deal with any emergency.
The Learner Support Fund (for UK and EU Prep HE students), The Additional Grant Hardship Fund (for Higher Education students in receipt of the maximum maintenance loan) and Overseas Emergency Fund (for International students) can all provide extra funding.
If your student loan payments are delayed, we can lend you some money to live on in the meantime. And we can even lend you up to £30 in cash if you’ve forgotten your wallet!
Telephone: +44 1202 363242 or 363031
*Figures taken from savethestudent.org