Welcome to the University of Durham Student Finances Resources! We understand the significance of managing your finances effectively throughout your university years. This page is designed to provide you with tailored information and valuable resources, empowering you to make informed decisions about your money matters. Whether you're looking for the best bank account, exploring scholarship opportunities, or learning practical budgeting techniques, we've got you covered. Let's embark on this financial journey together, equipping you with the necessary tools for a successful academic experience at University of Durham.
Best Student Bank Accounts
- NatWest & RBS Student Account:
- 0% Overdraft: Up to £500 in the first term, up to £2,000 until the end of year two, and up to £3,250 after the second year (subject to approval).
- Perks: Receive £100 cash and a four-year Tastecard.
- Eligibility: For UCAS-accredited undergraduate courses of 2+ years, full-time postgraduate courses, nursing training at UK institutions, and easy switching from another account.
- How to Get: Open the account and receive £100 within 10 working days. Redeem Tastecard within 5 days.
- Santander 123 Student Account:
- 0% Overdraft: Years 1 to 3: £1,500, Year 4: £1,800, Year 5: £2,000.
- Perks: Enjoy a free four-year 16-25 Railcard (excludes Northern Ireland).
- Eligibility: Open to first-year students, level 4-7 apprenticeships, and those with 2+ years of study remaining.
- How to Get: Open the account, register for online banking, and receive a railcard code within five days.
- HSBC Student Account:
- 0% Overdraft: Year 1: £1,000, Year 2: up to £2,000, Year 3 & beyond: up to £3,000 (credit record-dependent).
- Perks: Receive £100 cash and a one-year Headspace subscription.
- Eligibility: Available to first-year under- and postgraduates, and certain BTEC courses.
- How to Get: Open the account, use the debit card 5+ times within 30 days, and receive the cash and Headspace voucher.
Maintaining financial discipline requires adhering to your overdraft limit and avoiding any account restrictions. Keep in mind that the Financial Services Compensation Scheme provides savings protection of up to £85,000 for all accounts. Choose a student bank account that aligns with your specific needs and objectives, allowing you to optimize your financial journey throughout your university years.
The role of the Student Loans Company (SLC) in financing your education is absolutely pivotal.
To address any inquiries or obtain assistance, you can directly contact their helpline at +44 (0)14 1306 2000. Their dedicated team is readily available to offer essential information on loan applications, repayment options, and eligibility criteria. Furthermore, their website houses a wealth of comprehensive resources on student finance, empowering you to explore and access valuable information.
Selecting the right bank account as a student can greatly influence your financial management. Student bank accounts are specifically tailored to provide exclusive offers and benefits that cater to your financial needs while studying. To assist you in making an informed choice, we have curated a list of leading banks that offer student accounts. These banks are ranked based on the level of advantages they provide, and we have provided detailed information about their specific perks and offers. This will help you find the most advantageous bank account option to maximize your financial experience during your time as a student.
Scholarships and Bursaries:
At Durham University, there is a strong commitment to assisting exceptional students, regardless of their financial situation. Various scholarships are available, funded by the university, external organizations, and generous donations from alumni and supporters.
To be eligible for these financial support opportunities, applicants must meet specific criteria, often related to household income.
Part-Time Jobs:
Durham University, situated in the vibrant city center, presents an abundance of employment prospects, ideal for students seeking part-time work to augment their finances. Through the Student Employment Service, a division of the Careers & Enterprise Centre, we actively engage with local employers to facilitate access to a diverse range of paid opportunities tailored to our student community's needs and interests.
For further exploration of available positions, please click here to explore the various possibilities.
FAQs
For detailed information on student finance and to start the application process for a student loan, you can visit the official website of the Student Loans Company (SLC) at www.gov.uk/student-finance. The website offers comprehensive guidance on eligibility requirements and provides a step-by-step guide to help you complete your student loan application.
The University provides a wide range of scholarships and bursaries for students in different fields of study. To access a comprehensive list of available opportunities and find application details, you can visit the Scholarships and Bursaries section. This resource offers detailed information on the various scholarships and bursaries offered by the University.
To help you with financial management, Durham University offers budgeting workshops and online resources. Stay informed about upcoming workshops by staying connected with the Wellbeing Support office at the university. Additionally, you can utilize their online budgeting tools to create a budget that is both practical and realistic.
International students studying at University of Durham can benefit from specific scholarships and bursaries. To obtain detailed information about these opportunities and the application process, it is recommended to visit the International Students page on the student a2z website. This page provides comprehensive information about scholarships and bursaries exclusively designed for international students at University of Durham.
