Welcome to the University of Manchester Student Finances Resources. We understand that managing your finances is a crucial part of your university experience. This page is designed to provide you with tailored information and resources to help you make informed financial decisions. Whether it's choosing the right bank account, exploring scholarships, or learning budgeting tips, we are here to support you. Let's embark on this financial journey together, ensuring you have the tools you need for a successful academic experience at Manchester.
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.
Ensuring financial discipline and adhering to your overdraft limit is paramount 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 vital to select the student bank account that best suits your specific requirements and aspirations, enabling you to effectively manage your finances throughout your university journey.
The Student Loans Company (SLC) is an essential entity that plays a crucial role in financing your education.
If you have any inquiries or need support, you can contact the SLC helpline at +44 0141 306 2000. They provide valuable guidance on loan applications, repayment processes, and eligibility criteria. Additionally, their website offers a wide range of comprehensive resources related to student finance, which you can explore for further assistance.
Efficiently managing your finances as a student hinges on choosing the most suitable bank account. Student bank accounts often come with special promotions and advantages, allowing you to optimize your financial resources while pursuing your studies. In this resource, we have curated a carefully selected list of top-ranked banks that offer student accounts, providing detailed information about their unique offerings. Our objective is to empower you to make an informed decision when selecting a bank account that aligns with your specific requirements, enabling you to make the most of your financial benefits throughout your academic journey.
Scholarships and Financial Aid.
The University of Manchester places a significant emphasis on providing robust Financial Support for its undergraduate students on an annual basis, exemplified through initiatives such as the Global Futures Scholarship, Humanitarian Scholarship and Subject Specific Awards.
The University of Manchester extends its commitment to international students with generous bursaries, ensuring financial considerations don't hinder academic pursuits. Outstanding international students are annually recognized and rewarded with merit-based scholarships.
Part-Time Jobs:
Exploring part-time employment options can significantly enhance your income while studying. The dynamic city center of Manchester presents a multitude of job opportunities for students. To discover job listings and expert guidance on effectively balancing work commitments with your studies, the university's Careers Services is your go-to resource.
They provide access to websites such as
These invaluable resources offer insightful advice and comprehensive information, empowering you to navigate the job market successfully while maintaining a harmonious equilibrium between work and academic responsibilities.
FAQs
To begin the student loan application process, you can access the official website of the Student Loans Company (SLC) at www.gov.uk/student-finance. This website provides comprehensive information regarding eligibility requirements and step-by-step guidance on how to apply for a student loan.
The University of Manchester provides an extensive selection of scholarships and bursaries tailored to students in various academic disciplines. This invaluable source offers in-depth information on the diverse range of scholarships and bursaries offered by the university, empowering students to explore and pursue the financial support they need to excel in their studies.
International students studying at UoM have access to dedicated scholarships and bursaries. To obtain detailed information about these opportunities and the application process, it is advisable to visit the International Students page on the student a2z website. This resource provides comprehensive information on scholarships and bursaries specifically available for international students at the University of Manchester
