The hardest part of dealing with debt is often recognising there is a problem and asking for help.
Constantly struggling with debts and meeting repayments? Debt problems affecting your academic work, relationships or personal wellbeing? Talking about money can feel uncomfortable at times, and it is sometimes hard to know who to talk to. The most important thing to know is that you can and should reach out if you need help.
Take the first step
If you feel that debt is becoming a problem, our Student Support and Advice Team is here to help. We are specialist trained advisers who can help provide information, advice and guidance on how you can improve your situation.
We can help - make an appointment with our Student Advisers now.
1. Let people know
Being in debt can be stressful and you may be scared to tell anyone. However, though it may not be easy or quick, there is always a way out. Contact our Student Support and Advice Team for help and, if appropriate, speak to your parents or partner. Let your academic supervisor know if you think money worries are impacting on your academic work.
2. Take control of your finances
Our advisers will help you do this. Using bank statements and receipts, monitor what you have been spending and then build a realistic budget based on your actual income and outgoings. Our information on managing your money may help you start your plan.
3. Take action on existing debts
The pressure of existing debt can be relieved by contacting lenders, requesting they stop adding interest and charges, and advising them what you can afford to repay. Our advisers can support you in how to do this.
4. Maximise your income
See our sources of funding for undergraduates or sources of funding for postgraduates. You may be entitled to benefits and tax credits or bursaries and scholarships. If you are experiencing unexpected financial difficulty due to an unforeseen change in your circumstances you may be eligible for assistance funding. Our advisers can help discuss your options with you.
Avoid commercial agencies that charge for their services. You can get free advice, including sample letters to creditors, from: