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Money advice   

At the University of the West of Scotland, we are committed to helping our students get the most out of their university experience. We have a dedicated Funding and Advice team to take the stress out of money management, allowing you to focus on your studies and enjoying your time at university.  

Support is available through online resources as well as our team of specialist advisers, who are on hand to help you stay on top of your money. Contact the Hub or Student Link on your campus to make an appointment.

There is also lots of advice and information available with regards to funding your studies. 

Better yet, you don’t have to be a UWS student to use our services. We encourage prospective students to plan ahead financially for their studies, so we are happy to answer enquiries whether you are thinking about studying at UWS or planning ahead for a course that starts soon.

Funding your studies

Whether it is undergraduate or postgraduate level study that you plan to undertake, full-time or part-time, there is information available to help you understand how you can meet the cost of your studies at UWS. 

Living costs also need to be taken into consideration.

Managing your money

Budgeting and planning

A budget is a very useful tool to help you stay on top of your money. No matter your lifestyle and the bills you have to pay, the principal of budgeting is the same. It is about identifying whether you have enough money coming in to meet your outgoings.

You may find out Money Matters magazine helpful to help you plan ahead for your time at University.

You can also work through our online modules to help you with your budgeting skills.

Online Financial Capability Modules

Lifestyle

Your lifestyle choices will have a massive impact on your budget so think carefully about what you NEED and what you WANT then budget accordingly.

Socialising

Socialising is an important part of life but there are many ways to enjoy a social life without spending a lot of money. Take advantage of the UWS Student Union or student nights in other venues. Many places such as gyms, cinemas and restaurants also offer student discounts so it's always worth checking!

Personal Safety

Make sure you have enough money to get home at the end of a night out and think about how you will get home. Try to avoid walking alone late at night and avoid short-cuts that may not be well-lit. Charge your phone and check your credit/minutes before you go out so you can make a call if you need to. 

Budgeting for Special Occasions

We recommend putting a little money aside each month to help spread the cost of birthdays, Christmas and other celebrations throughout the year so these don't affect your budget.

Accommodation

Whether you're continuing to live at home, moving into student accommodation or renting privately, make sure you've considered and budgeted for all the associated costs:

  • deposits
  • rent
  • insurance
  • energy bills
  • internet packages
  • TV licence
  • furniture/kitchen goods
  • one-off or unexpected bills

 

Council Tax Exemption

Full-time students are normally exempt from paying council tax by providing your local council with evidence that you meet the criteria.

Visit the Council Tax Exemption page for more information.

Food

Planning ahead can help you reduce the amount of money you spend on food. In addition to the UWS canteens, there are seating areas spread across each campus where you can eat your own food, giving you the option to bring a packed lunch. You can also find many useful tips to help you save money on your food shopping on the Money Saving Expert website.

Travel

If you live close enough to your campus, you may decide to walk or cycle and bike parks are provided on each campus.

All our campuses are also conveniently located close to rail and bus services. You can find useful travel information for each campus below:

 

You can also find useful information on the following websites:

Banking

Whether you already have a bank account or not, you may want to consider opening a student account. Like other bank accounts, they issue a debit card to withdraw cash from ATMs and make online payments. You can also arrange for your wages to be paid directly into the account and set up direct debits to pay your bills. In addition to these features, they usually offer additional benefits such as interest-free overdrafts.

These websites provide information to help you choose the bank account that's right for you:

Saving

If you can save a small amount each month, this will give you an emergency fund to dip into if any unexpected expenses crop up. You don't have to be saving significant amounts of money for it to make a positive impact on your finances - a little each month can add up.

Borrowing money

Borrowing money may be unavoidable at times but, rather than thinking of credit as good or bad, it's more helpful to think about whether the repayments are manageable and whether the benefits are worth the total cost of the credit when interest is added.

The Funding and Advice team can help you consider your borrowing options. They can also advise if you are eligible for any discretionary funds. To make an appointment, contact the Hub or Student Link on your campus.

Last updated: 21/09/2017