Greenwich student finance manager shares tips on university finances
PUBLISHED: 10:35 14 August 2014 | UPDATED: 10:35 14 August 2014
For everyone keen to start a degree course this autumn, now is the perfect time to make sure all the financial arrangements are in place, according to Claire Evenden, Senior Student Finance Manager at the University of Greenwich.
Potential students don’t have to wait for a confirmed university place to sort out financial support applications for tuition fees and help with living costs. Applications can be updated once an offer has been made and accepted.
The next step, according to Claire, is to draw up a 40-week budget plan, including all the money coming in and out of accounts. From this, students can plan ahead and identify whether they need to find part-time work to top up their incomes.
“Starting life as a student doesn’t automatically mean you will have no money,” says Claire who supports students at the University of Greenwich campuses at Greenwich, Avery Hill and Medway.
“Being sensible with a budget and not overspending will avoid financial stresses letting students focus on their studies, which is the most important thing.
“Make it a priority to start shopping around for a bank account offering helpful features such as free student overdrafts and good interest rates, rather than freebies that won’t actually help.
“A bank account with a good smart phone app makes it much easier to move money around between accounts and keep track of what cash is being spent.
“A student Oyster card can save a lot of money on fares in London. Meanwhile, if you are moving away from home, consider visits home and how to pay for them. Book train tickets in advance to get the best prices.”
Once an offer for a university place is made, it makes financial sense to ask if any bursaries or scholarships are available to boost your income.
At Greenwich, the student finance team is readily available to help students plan their finances and provides valuable advice throughout their university course.
To find out more about being a student at Greenwich, and to take advantage of Student Calculator, to work out budgets, see: www2.gre.ac.uk/study/lifestyle
A team of trained Clearing advisers is on hand at the University of Greenwich to answer questions and provide information about which degree course places are still available. To find out more at www2.gre.ac.uk/study/courses/clearing or call 020 8331 9000.