Welcome to the Student Finances Resources provided by Imperial College London. We understand that managing your finances is a crucial aspect of your university experience. The purpose of this page is to offer tailored information and resources to help you make informed decisions about your finances. Whether you need assistance in choosing the right bank account, exploring scholarships, or learning effective budgeting tips, we are here to support you. Together, we will embark on a financial journey to ensure you have the necessary tools for a successful academic experience at Imperial College.
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.
It is vital to exercise financial discipline and remain within your overdraft limit to prevent any limitations on your account. All accounts provide savings protection of up to £85,000 through the Financial Services Compensation Scheme. Select the student bank account that best suits your requirements and aspirations, allowing you to maximize your financial resources during your university journey.
The Student Loans Company (SLC) is a crucial entity in funding your education, playing a pivotal role in this regard.
If you have any questions or require assistance, you can reach out to them through their helpline at +44 300 100 0607.They offer valuable information on loan applications, repayment procedures, and eligibility requirements. Moreover, their website provides a wealth of comprehensive resources related to student finance that you can explore for further guidance.
Selecting the appropriate bank account as a student can have a significant impact on your financial management. Student bank accounts often come with special promotions and advantages that can help you optimize your money while pursuing your studies. In this resource, we have curated a list of the best banks offering student accounts, ranked in order of preference, and provided details of their distinctive offers. This compilation aims to empower you to make an informed decision when choosing a bank account that aligns with your requirements and maximizes your financial benefits during your academic journey.
Scholarships' and Bursaries':
Imperial College London provides a variety of scholarships and bursaries to assist students across different fields of study. For comprehensive information and application guidelines, you can visit the scholarships office situated at South Kensington Campus. The scholarships office is dedicated to helping you explore the available opportunities and alleviate your financial concerns. You can also reach out to them via email at student.funding@imperial.ac.uk or contact them by phone at +44 20 7594 9014.
Part time Jobs:
Imperial College's Careers Service provides two resources for job searching: JobsLive and GoinGlobal. JobsLive is a suitable starting point specifically for STEM students, allowing filtering by industry, location, and role. However, it's encouraged to explore beyond the university jobs board. GoinGlobal offers country-specific career resources and worldwide job openings accessible for free through the Careers website.
During unforeseen financial difficulties, Imperial College offers assistance through the Student Support Fund. If you find yourself in such a situation, you can seek support by contacting the Student Support Fund. They can provide detailed information regarding eligibility criteria and guide you through the application process. Alternatively, you can reach out to them at South Kensington Campus.
FAQs
To initiate the process of applying for a student loan, it is necessary to visit the Student Loans Company (SLC) official website at www.gov.uk/student-finance. On this website, you will find comprehensive details regarding eligibility requirements and the step-by-step application procedure.
At the Imperial's, there is a diverse selection of scholarships and bursaries available for students across different fields of study. To explore the complete list of available opportunities and obtain specific information about the application process, you can visit the Scholarships and Bursaries page on the Imperial's website.
Imperial College provides valuable resources to assist you in creating a practical budget and offers budgeting workshops. You can access these resources and attend the workshops to gain knowledge and skills to manage your finances effectively. Additionally, there is a dedicated page on the university's website that provides budgeting tips and advice. This page also offers insights on saving strategies to help you make the most of your financial resources.
International students at the Imperial College London have the opportunity to apply for specific scholarships and bursaries. To access detailed information about these funding options and learn about the application procedures, you can visit the International Students page on the student a2z website. This page will provide comprehensive information on the scholarships and bursaries available for international students at the Imperial.
