Welcome to Loughborough University's Student Finances division, where we understand the vital role of financial management in your university journey. Our mission is to support you at every step, whether you need guidance in selecting the right bank account, discovering scholarship opportunities, or mastering effective budgeting strategies. We are committed to equipping you with the necessary tools for a successful academic experience. Join us on this empowering financial journey as we empower you to thrive at Loughborough University.
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.
Exercising financial discipline and adhering to your overdraft limit is essential to avoid any restrictions on your account. All student bank accounts offer savings protection of up to £85,000 through the Financial Services Compensation Scheme. It is important to select the student bank account that best suits your specific requirements and aspirations, enabling you to optimize your financial resources throughout your university journey.
The Student Loans Company (SLC) is an indispensable player in funding your education, serving as a pivotal institution in this endeavor. For any queries or assistance, you can reach out to them through their helpline at +44 (0)1509 222222. They offer invaluable support regarding loan applications, repayment procedures, and eligibility requirements. Furthermore, their website houses a plethora of extensive resources on student finance, providing you with a wealth of information to explore and avail yourself of further guidance.
Maximizing your financial management as a student hinges significantly on the selection of the right bank account. Student bank accounts often come with exclusive promotions and benefits, enabling you to optimize your finances while pursuing your studies. Within this guide, we have carefully curated a comprehensive list of the leading banks that offer student accounts, ranked based on preference, and furnished in-depth details about their distinctive features. Our objective is to equip you with the knowledge to make an informed decision when selecting a bank account that aligns with your specific needs, empowering you to fully capitalize on the financial advantages throughout your educational voyage.
Scholarships' and Bursaries':
Loughborough University is committed to offering substantial financial support to its undergraduate students on an annual basis. In addition to the university's own funding, students may have access to scholarships and financial assistance from various governmental and agency sources worldwide. Loughborough provides a wide range of generous financial aid opportunities, including bursaries and scholarships such as the Care Leaver Bursary, Opportunity Scholarships, Hardship Fund, Loughborough University Bursary, Music Tuition and Scholarships, Performance Programme Bursary, Mature Athlete Bursary, Athlete with a Disability Bursary, Cash bursaries, Sports Scholarships, and the Women in Science Bursary designed specifically for overseas fee status students. This commitment ensures that financial considerations do not hinder students' ability to pursue their academic aspirations at the university. For more information, please contact them through the following channels:
Part-Time Jobs:
Exploring part-time employment options can be a valuable means of supplementing your income. Loughborough University, dynamic city Centre presents a multitude of job opportunities. For job listings and guidance on effectively balancing work commitments with your studies, you can refer to Carrer Hubs at Loughborough campus in Bridgeman Building, provided by the university. These resources offer valuable advice and information to help you navigate the job market and strike a balance between work and academic responsibilities.
FAQs
To initiate the process of applying for a student loan, it is essential to visit the official website of the Student Loans Company (SLC) at www.gov.uk/student-finance. This website offers detailed information on eligibility criteria and provides clear instructions on how to proceed with your student loan application.
The University provides a wide selection of scholarships and bursaries for students in various fields of study. You can access the complete list of available opportunities and find application details by visiting the Scholarships and Bursaries. This resource offers comprehensive information on the range of scholarships and bursaries provided by the University.
To assist you in effectively managing your finances, Loughborough University provides budgeting workshops and online resources. Stay updated on future workshops by connecting with the Loughborough Financial Support Office, and make use of their online budgeting tools to establish a practical and realistic budget.
International students enrolled in university can take advantage of various scholarships and bursaries designed specifically for them. For in-depth details about these opportunities, including application procedures, it is highly recommended to visit the International Students page on the student a2z website. This page provides comprehensive information on scholarships and bursaries available exclusively for international students at Loughborough University.
