I've run out of money at university – what can I do?

Most students experience financial hardship – following these steps can help you get back on track

It doesn’t take much to break a student budget – accommodation costs can do it before term even starts. Add unrealistic maintenance loans and a lack of money skills, and many students face some degree of financial hardship. According to Save the Student’s recent National Student Money Survey, 78% of students experience financial stress. Here’s what to do if you find yourself in difficulty.

Prioritise costs. First, list everything you need to pay for over the next few months, from rent and bills to bus fares, laundry costs and your TV licence. The more detail, the better.

Related: University bound? Here’s how to pick a bank account and manage your cash

Family cash (parental contribution, gifts or loans).

Supplementary Student Finance.

University scholarships, bursaries, grants or hardship funds.

State benefits or charitable grants – see Turn2us.

Related: Could means-tested fees help poorer students get into university? | Nick Hillman

Ruth Bushi is an editor at money advice site Save the Student

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