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Managing your finances during the Coronavirus

04 Jan 2021

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If you are worried about your finances during the Coronavirus (Covid-19) pandemic, there is support, help and advice available nationally and from the University.  Now, more than ever, it is important to manage your money and budget well and seek help or speak to someone if you are worried about money and getting into debt.

Managing your finances

During this challenging time, managing your money well and budgeting is more important than ever. Start by working out what your income and outgoings are likely to be and then work out a budget and how you will manage it.

Look closely at your bills and see if any companies are offering support or are allowing payment breaks at this time. Think about the essentials you will need and also take into account any savings you are likely to make as we are encouraged to stay at home due to the restrictions.

The University offers general advice on budgeting and we have recently partnered with Blackbullion, which is a learning platform created to help you get to grips with all things money. It's filled with videos, graphics, and quizzes covering financial subjects designed to empower you to make more informed financial decisions.

You can use the platform by simply registering at blackbullion.com using your UCLan email address.  You will find advice articles covering topics including funding during the COVID-19 pandemic. Once registered, you can also see what funding you may be entitled to, but this depends on the information you provide when signing up to Blackbullion.

Financial support from the University

If you are still struggling with your finances, we may be able to offer some additional financial support and will work with you to find the best solution for you and your circumstances.

If you have a question or need advice and support, you can speak to the team in the <i> for all student support, student funding and financial support, including student finance England, letters, visa queries, wellbeing and any other non-course related enquiries. 

You can visit the <i> in the Library between 12pm and 3pm, Monday to Friday or call the student hotline on 01772 891828, email thei@uclan.ac.uk, arrange a chat via MS Teams or you may be offered a face-to-face appointment between 12pm and 5pm Monday to Friday. The <i> is also available for help and support until 9pm Monday to Thursday and between 10am and 6pm at the weekend by calling 01772 891828.

For independent financial advice, please contact the Students’ Union Advice and Representation Centre by telephone on 01772 894880 or email suadvice@uclan.ac.uk

Student Loans

You can still apply for student finance for the 2020 to 2021 academic year. The Student Loans Company will continue to process any applications that have been received as quickly as they can.  For more information please read the Student Loans Company frequently asked questions and guidance on their website. 

Applications for the 2021 to 2022 academic year will open from March 2021.

National financial support and advice

If you do have concerns about paying your rent or mortgage or you have a job and would like to know the latest information about sick pay, we have compiled a list of useful advice below:

Citizens Advice - If you can’t pay your bills because of Coronavirus
Statutory Sick Pay
Check if you’re eligible for Universal Credit
Check if you’re eligible for Employment and Support Allowance
Your rights if your hours are cut or you’re laid off

Please remember, we are here to support, reassure and encourage you. We Are More Together.