Income

Bank notes in back pocket, © Mark Richardson - Fotolia.com
© Mark Richardson, Fotolia.com
Consider sources of income

Possible sources of income in addition to your student funding include taking a gap year, part-time work, and holiday jobs.

Taking a gap year

This understandable short-term expediency needs to be carefully measured against the somewhat longer-term but less tangible benefits of a placement, here or overseas, of real service to the community, but perhaps with less monetary reward.

Part-time work

Getting on for half of all first year undergraduates take a job in term-time bringing in an average of £85 for a 13-hour week. Any income you earn by working part-time will not normally affect your entitlement to loans and bursaries.

Holiday jobs

Banks

  • Banks are well disposed towards today's university students in the certain knowledge that many will be tomorrow's high-earning professionals.
  • There is fierce competition amongst them for your custom so weigh up carefully what they are offering and don't be unduly swayed by the opening gift of discounted driving lessons, an MP3 player or a rail card.
  • Banks are sympathetic to the student cause and will generally permit modest overdrafts on your account to ease cash flow problems without pain.
  • It pays – literally – to shop around for the best offers when transferring or opening your account. It is worth checking advice on websites such as wwww.moneysavingexpert.com.

 

English Language Courses

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