Budgeting Guide for Students

The first step to creating a budget for university is calculating how much money you have coming in each term. This can include income from a part-time job, regular financial support from parents or guardians, grants, bursaries and student loans. 

If you have a student loan, it's likley to be your biggest source of income while studying. Download our Student Loans Checklist to make sure you receive your first payment on time. 

Essential outgoings include everything from tuition fees, accommodation and transport to food and household goods like cleaning supplies. Remember, if you receive a Student Loan, your tuition fees will be paid automatically on your behalf. 

Discover the key costs to consider as a university student on our 'How Much Does it Cost?' page. 

Key costs for university students

To calculate your budget, you need to subtract your essential outgoings from your total income and then divide it by the number of weeks in the term. This will help you to understand how much you have left to spend on things like socialising and purchasing course materials each term. 

Once you've worked out your budget, use our Budget Planner to help you stay on track.