Student Finances at University of Sheffield
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Welcome to the University of Sheffield Student Financial Resources. Understanding the importance of effective financial management during your university experience, this platform provides customized information and resources to support your financial decisions. Whether you're navigating bank account options, researching scholarship opportunities, or seeking budgeting guidance, we've compiled a comprehensive guide to aid you. Equip yourself with the essential tools for a successful academic journey at the University of Sheffield.

The University of Sheffield | JM

NatWest Easier Banking

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.


Remember, maintaining financial discipline is crucial. Stay within your overdraft limit to avoid restrictions on your account. All accounts offer up to £85,000 savings protection under the Financial Services Compensation Scheme. Choose the student bank account that aligns best with your needs and goals, and make the most of your university experience financially.

The Student Loans Company (SLC) plays a pivotal role in financing your education.

For inquiries or assistance, you can contact them at their helpline: +44 (0)30 0100 0607. They provide essential information about loan applications, repayments, and eligibility criteria. Additionally, explore their website for comprehensive resources on student finance.

Student Loans Company - GOV.UK

When it comes to managing your finances as a student, choosing the right bank account can make a significant difference. Student bank accounts often come with special offers and perks that can help you make the most of your money while pursuing your studies. Here, we've compiled a list of top banks offering student accounts, ranked from the best to the least favorable, along with their unique offers to help you make an informed decision.

Scholarships and Bursaries:


The University of Sheffield is committed to facilitating academic pursuits by offering a diverse array of Scholarships and Bursaries across various fields of study. For comprehensive details and guidance on application procedures, we invite you to explore the available scholarships and bursaries at the University of Sheffield.

Students: How to Find Part-Time Work


Part-time Jobs:

Seeking part-time employment is a great way to supplement your income. Sheffield's vibrant city Centre offers numerous job opportunities. Visit the University of Sheffield's job search section for job listings and advice on balancing work with your studies.

Also have a look at our Jobs section for part-time job offers in the area!

University Financial Support:

In times of unexpected financial hardship, the university provides support through the Student Funding. Check out the student hardship support For detailed information and application procedures. They can guide you on available opportunities to alleviate your financial burden. You may also contact the student union + 44 (0)11 4222 8500 for information on eligibility and application procedures.

FAQs
How do I apply for a student loan?

To apply for a student loan, you'll need to visit the official website of the Student Loans Company (SLC) at www.gov.uk/student-finance. Here, you can find detailed information on eligibility criteria and the application process.

What scholarships and bursaries are available at the University of Sheffield?

The University offers a range of scholarships and bursaries for students in various disciplines. You can explore the full list of opportunities and find application details at Scholarships and Bursaries.

What is the Financial Support and how can I apply for it?

The Financial advice and support helps the students facing unexpected financial hardship. To learn more about eligibility and application procedures, visit the Financial advice and support or call + 44 (0) 114 222 8500.

How do I create a realistic budget for my student expenses?

The University offers budgeting workshops and online resources to help you create a realistic budget. The Financial advice & support team as well as the Student Union helps for advice, guidance and access their online budgeting tools.

Can international students apply for financial aid or scholarships?

Yes, international students at University of Sheffield are eligible for certain scholarships and bursaries. Visit the International Students page on student a2z for detailed information and application procedures.