Student life is probably more expensive now than it has ever been. However, this is not all bad news. Although it will cost you money to get a degree, the amount you have to find in advance need not be that great, and you only need to pay back the money that you borrow when you are earning. Studies have shown that the value of a good degree to a student is greatly in excess of the cost of getting one. In our department we pride ourselves on the high esteem with which employers regard our graduates.

After your stay at university you will probably have accumulated debt to the equivalent of the cost of a nice car. However, the effect on your earning potential, particularly in one of the more marketable subjects like Computer Science, makes this  a very worthwhile investment. You should also remember that you will not be asked to pay any of the debt back until you are actually earning income, so there is no question of you being chased for payments when you are not able to do this. 

You may hear stories of people who have accumulated huge amounts of debt during their student years. This is possible, just as it is possible to get massively into debt in all walks of life. What is important is that you must try not to let your personal financial circumstances stop you from making your life better by getting more qualifications. There is a great deal of support out there and you must make sure that you make the most of it. If you wish to discuss your personal situation in confidence please feel free to get in touch with us, we may be able to suggest some things which will help.

How do I look after my finances?

Being in control of your money can be great fun, but many find it disappears far quicker than expected. There will always be things to spend it on, but blowing it all in the first few weeks usually results in living off a giant bag of pasta or whatever else you find at the lurking in the back of the cupboard. Make sure you can cover the priorities (this includes Rent, Bills, Food), and then you can enjoy the rest guilt free!

Follow this check list to make sure you are able to enjoy the first few weeks, and still have money left to make it to the end of the year!

Plan ahead

Once you know how much money you will have, when you will get it, and how much your rent might be, visit

It’s a really simple budget calculator, takes less than 10 mins, and can save you from the misery of financial problems.  Be realistic, and honest about what you think you will spend, and it will tell you if you have enough income to do it! It can even tell you what your monthly bank balance will be, which will help you see in advance when your spending pattern may leave you a bit short, so you can do something about it!

Student Finance

If you are expecting Student Finance, you will not receive the money until at least 4-5 working days after you have ‘Registered with the university’ despite what it may say in your Student Finance England (SFE) letter.

Registering with the university is different from departmental registration, and can be scheduled on any of the 5 days of Welcome week. This means that it’s possible that you might not receive anything until the end of the 2nd week. 

Bring enough money with you to get through the first few weeks of semester (bearing in mind that fresher’s week will be full of distractions to spend your money on).


If you do not receive your Student Funding on time, you may be eligible for a Short Term Loan from the university Loans and Hardship Team to help you get by until your money arrives.

To get in contact with the team at Hull email:

For further information visit:

Calling SFE can be very expensive on your phone, particularly if you use a mobile. At Hull you can make use of the free phones provided in the Student Union to make your calls!


As a student you are entitled to many reductions, including Council Tax, Discounted Travel (bus and train), Shorted TV licensing agreements, Discounts in shops etc. - so don’t forget to keep a look out and always ask!

Money at Hull University

Any other money Issues or questions you have, the Advice Centre are always there to help!