Maximise your income while you’re a student with our top tips on how to generate some much-needed extra cash.
You may wish to open a student bank account with an interest-free overdraft. It's important that you check the actual conditions of an overdraft as some may only be interest-free up to a certain level.
Overdrafts for students are on average £500–£1,000 for the first year, increasing to £1,500 in your final year. Money Saving Expert
gives advice on finding the right student account for you. Be aware that if you don't manage your account, your bank can refuse to extend your overdraft in subsequent academic years and/or remove your overdraft facility.
Most students have to work part-time in order to be able to afford to live. In fact, the Government expects that most students will contribute to their own budget by working part-time. Leeds Trinity's myFuture
can offer help and advice on finding part-time work.
Universal Credit and Benefits
Most full-time students are not eligible to claim any welfare benefits from the Government. Full-time students who are lone parents, or who are receiving Personal Independent Payments (and are classed as being unable to work), fall into categories of students who can apply for Universal Credit. Some of your student income (and other income) will count in the assessment.
If you are currently in receipt of any benefits, then it's important that you contact the relevant benefits agency to advise them that you are becoming a student and inform them of your student finance income.
Find out more
Further information and advice on student income and benefits are available from our Student Adviser on +44 (0) 113 283 7173 or firstname.lastname@example.org.
Visit GOV.UK for more information
Get more information on Council Tax
Follow advice and opportunities on the Leeds Trinity Student Money Advice Facebook group.