Managing your finances during lockdown

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Managing your finances can be a challenging and worrying prospect at the current time.

With limited opportunities to increase your income, it is especially important to budget effectively to ensure your funds last as long as possible.

Useful tips and links on managing your money can be found on our website

Government loans and grants

If you are a continuing UK or EU undergraduate student who accesses government student finance for your studies, you should re-apply for your funding for 2020/21 as soon as possible.

The various Student Finance agencies are still operating, albeit with limited services and resources, and they are encouraging students to get their funding for 2020/21 in order.

Some useful government FAQ’s about student finance can be found on GOV.UK - Guidance for current students

Employment

If you have lost a job due to the current crisis, you should check the terms regarding furlough and check with your employer whether this is a possibility for you. 

‘Any employer with a UK payroll and a UK bank account will be able to claim, but you must have been on your employer’s PAYE payroll before or on 28 February 2020. You can be on any type of contract, including a zero-hour contract or a temporary contract. You can be furloughed under the scheme if you are a foreign national.’

Further information and advice can be accessed via Citizens Advice.

Tuition fees

If you are struggling to pay your tuition fees and would like to discuss the possibility of changing your payment plan, please contact the University’s Revenue Department on revenue@southwales.ac.uk.

Further advice and support

UK students who are struggling financially may be eligible to apply to the Student Support Fund. Applications to this Fund continue to be processed remotely by the Student Money Advice Team. If you are unsure if you are eligible to apply or have any queries on the application process, please contact the Student Support Fund directly for advice on studentsupportfund@southwales.ac.uk.

If you are an EU or International student, please contact the Student Money Advice Team directly for guidance and to see what support may be available.

You can contact the Team via email money@southwales.ac.uk or you can book a telephone appointment with a Money Adviser through Advice Zone Online

Be assured that the Student Money Advice Team continue to be on hand to assist you with any financial queries or difficulties you may have at this time.


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