By working out your budget before you arrive, you will be confident that you'll be able to manage your money while at uni and be in control of your finances.

Before commencing study at the University each year, you must either pay in full, or have in place an arrangement with the University to pay in installments your tuition fees. So your first step is to make sure you have organised your finance to cover your fees.

These are the options to finance your tuition fees:

1. Apply for a Tuition Fee Loan
You may be able to apply for your fees to be paid via a tuition fee loan from Student Finance. If you have not already applied, you can do so at www.gov.uk/student-finance . This website will also provide advice and guidance on eligibility criteria.

2. Pay your fees yourself
If you are self-funding and paying your fees yourself (this includes family members making payment on your behalf) please go to https://payments.canterbury.ac.uk to pay in full or set up an instalment arrangement. You can email Accounts Receivable if you have any payment queries. 

3. Have your fees paid by a Sponsor
If your school or employer is paying your fees you must complete a Sponsor Request via MyRecord and upload evidence of the funding (Purchase Order or a funding letter). Please note: if you are applying for a tuition fee loan from Student Finance you do not need to complete a Sponsor Request.

If you receive an invoice for your tuition fees, but you are expecting to have your fees paid by a tuition fee loan or a sponsor, please contact accounts.receivable@canterbury.ac.uk immediately.

Budgeting and Other Funding

Putting together a realistic budget plan, where you factor what money you have coming in and going out, as well as exploring ways to increase your income through things like part-time work, will help give you peace of mind. If you follow these steps we hope you'll feel prepared but if you need any help our friendly Student Support Advisers are on hand to support:

As an undergraduate, you may be able to apply for a government maintenance loan to help with living costs. Unlike the tuition fee loan, the amount you receive varies depending on your situation. It’s never too early to apply.

You might be eligible for extra money on top of student loans, for example, if you’re on a low income, are disabled or have children or caring responsibilities.

Some postgraduate positions have funding attached to them that covers fees, living costs or both. You might also be eligible for bursaries or grants.

We would recommend that all students create a personal budget before arriving, so you can manage your money right from the start.

First find out how much you might be entitled to from Student Finance England by using their calculator https://www.gov.uk/student-finance-calculator .

Work out what other income you may have or could apply for.

Once you know what your income is, you also need to work out what your outgoings might be from accommodation to food, mobile phone contract to utility bills and much more. The budget planner from Money Advice Service is a good tool to get you on the right track.

And don't forget our Student Support Advisers can help you pull together a budget plan.

The maintenance loan from Student Finance England, scholarships or bursaries, although very helpful, are unlikely to cover all of your living expenses, so you may need to think about how you or your family can financially support your time at university and ways to boost your income such as:

  • Part-time work – you can sign up to Unitemps, the University's recruitment service for students before you arrive to help you find a job in and around the University. A part-time job is also a great way to develop skills, try something new, settle in and make new friends.
  • External funding - take a look at these websites for further funding opportunities: www.turn2us.org.uk or www.thescholarshiphub.org.uk

Our Student Support Advisers are on hand to give advice on all money matters and if you need help planning your finances please get in contact rather than leave it too late: T: 01227 922675 or email studentsupport@canterbury.ac.uk

For information on financial support available once you are a student.

When will I receive my maintenance loan?

A key part of budgeting is to know when you will receive your maintenance loan. 

If you are entitled to an Undergraduate maintenance loan or a Postgraduate Masters or Doctoral loan and you are fully registered before the start of your course, you will receive your first payment on the scheduled instalment date as per your Financial Notification from Student Finance. This is usually the start date of your course.

If, however, you register close to or after your course start date your loan will be paid within 7 working days. So, you’ll need some money to last until your first installment is paid. 

If you do not receive your finance after these timeframes, please contact the i-zone.

Top Tip

Please ensure that you use exactly the same name to apply to the University as you do to apply to Student Finance. Any difference between the names used could cause delays in the processing of your payment.

Students

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