Top finance tips for university

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University budget
Money-saving expert Martin Lewis has this advice for students who want to make the most of their cash at college:
  • Financial companies are there to make money. Until we get to grips with that, we make the wrong decisions and they continue to profit from us.
  • Loan repayments are Income Contingent-related.. that means what you repay is based on what you earn. If you don't earn enough, you don't pay.
  • Put funds that you'll need at the other end of term into an easy access, high-interest savings account to earn money.
  • Don't just go for the bank account offered at the Freshers Fair. Do a bit of research and go for the one with the longest-running 0% overdraft limit.
  • You'll have to work and you'll probably have to pay tax on it. Those earning more than the personal tax allowance (just over £5,000 a year) must pay.


Visit for more info. There's also a Student Money Saving forum where you can ask questions or share tips and advice.

Helpful websites

Here's where you can get Government-backed information according to where you live.

Northern Ireland:

Find a useful budget planner and a salary predictor at

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You'll find lots of useful loan info at

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