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Library and Student Services Money Advice

About our service

The Money Advice Service are here to help you plan your finances and manage your money whilst studying. We also produce information to help you to manage your money more effectively.

Our Advisers are based across the University and are here to help with money issues. We run workshops as well as offering one-to-one advice via telephone on taking control of your finances and gaining financial skills which can last for life.

Money advice

There are two ways to access our free service:

  • We offer an email advisory service for simple and/or straight forward enquiries. Please contact moneyadvice@cumbria.ac.uk and we will usually respond within 5 working days.

  • For more complex queries, requests for appointments and/or ongoing support please complete an online referral. This will take approximately 5 minutes and will enable us to gather information that will help us to prepare to support you and track your case. All information gathered is treated in the strictest confidence.

What is your relationship to money?

Taking control of your finances and planning ahead can mean less worry and less stress. We have a range of online resources and pre-prepared

  • Remember that your student loan will be paid in three termly instalments and each instalment has to last for several months, have a look at our Budgeting Resources page for assistance. 
  • Explore some tips, tricks and advice on how to manage your finances through a range of new online resources under our Debt and Personal Finance Advice resources.
  • Plan your budget, try out some apps, cut your spending – it’s all there for you to browse on our making your money go further pages!
  • We have a large range of answers to Frequently Asked Questions including information on bursary payments, how to deal with delayed funding and childcare support. 

Minimising your debts

It can be tempting when you first get your student loan or bursary to go out and spend. But don’t go crazy! Remember that this money is to pay for your everyday living costs and it has to last. 

Top tips

  • Budget, budget, budget! We can’t stress how important this is. Keeping track of your spending can help you avoid getting into debt
  • Open a student bank account with an interest-free overdraft. Shop around for the best deals and look past the freebies to the amount of interest-free overdraft you can access and the period after graduation before you need to pay it back
  • Visit the Money Saving Expert website which has produced a handy guide for your information
  • See the Money Advice Service for lots of information and tips about managing your money and living on a budget. Includes webchat and telephone support.
  • Join the Students’ Union and use your NUS card to get student discounts. Even if shops/restaurants don’t advertise it, ask, you may be pleasantly surprised!
  • Get some part-time and/or vacation work. Our Careers and Employability team can help you to find suitable part-time or temporary posts
  • Pay your most important bills by direct debit. Always pay them first. Once they’re paid you can then work out what you’ve got left to spend
  • Shop around for the best deals for your utility bills and your broadband. Use Cable.co.uk – they are a comparison site for broadband, digital TV and telephone and provide up to date information on broadband and related services available locally
  • Open a savings account – make your loan/bursary work for you by earning interest. You could earn over 5% interest on a mini-cash ISA and there are no penalties for transferring money into a current account.

If you get into debt...

  • Don’t panic - it can often be resolved through speaking with the company and coming to an agreement
  • Don’t ignore it - it will only make things worse
  • Do something about it now!
Speak to a Money Adviser to get free, confidential advice. Or you can speak to an adviser at: