2 min read

Cost-of-living: how we can support you

Cost-of-living: how we can support you

by Abby Danecki

Find out about our £1.7 million package of financial and wellbeing support and how we’re helping our student community during their time at Newcastle. 

According to the latest figures from the Office for National Statistics (ONS), 92% of higher education students in England saw their living costs rise in 2023.  

As the cost of living crisis continues into another year, we're determined our students won't face this alone.

 

Contents:

  1. What will be my biggest expense at university?

  2. What support is available at Newcastle?

  3. I’m worried about how my mental health will be affected

  4. Where can I find out more?



What will be my biggest expense at university?

Perhaps not surprisingly rent is the biggest expense for students. According to the National Student Money Survey 2023, this accounts for about 40% of monthly living costs.

But students are also seeing their food, other bills and transport costs increase, too.

To help cover living costs at university, UK students can apply for a government-backed Maintenance Loan. But rising bills are still leaving students struggling to make ends meet.

 

What support is available at Newcastle?

We want you to make the most of your time with us, so in recent years we've increased the package of support available to students to over £1.7 million.

This ranges from practical advice and guidance, to financial support, money-saving initiatives and student wellbeing support. It includes:

  • Student Finance Advisers you can talk to for professional help with managing your money and accessing funding schemes. You can book an appointment to meet an adviser in person or online
  • scholarships, bursaries and prizes. including Opportunity Scholarships for students from low income households.
  • our Student Financial Support Fund – you can apply to this fund if you’re struggling with essential day-to-day living costs. International and EU students can apply to our Financial Assistance Fund
  • financial support to attend interviews, complete work experience, develop a project or initiative or explore a business idea through our Make It Happen fund
  • subsidised campus laundry facilities – available whether you choose to live in University or private accommodation
  • free period products available at various locations around campus
  • £1 hot meals in our campus cafes
  • our money-saving Food Fob - each time you top up with funds to spend at any campus cafe we'll give you an extra 15% 

Our Students’ Union (NUSU) set up a Cost-of-Living Campaign hub to detail how it’s lobbying local and national government as well as working with the University for more support for students.

The hub also features the initiatives in place to help our student community. These include:

The Students’ Union’s Support & Advice Hub is available for welfare support, and assistance with housing, finance and academic issues.

Our Careers Service also supports students to look for part-time work, both on campus through our Jobs on Campus scheme and in the city, so you can boost your finances and earn as you learn.

 

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What mental health support do you provide? 

At Newcastle, we take your wellbeing very seriously. That’s why our Student Wellbeing Team is available to anyone in our community who might be concerned about their physical or mental wellbeing.

Support includes counselling, mental health and student welfare support, as well as 24/7 initiatives iNCLude – our self-help app – and mental health support network TalkCampus.

 

Where can I find out more?

Our Cost of Living Hub covers everything you need to know and how to seek support if you need it.

A Cost of Living Working Group, made up of colleagues from across the University and sabbatical officers from the Students’ Union, meets regularly to identify additional initiatives to help and support our students.

We will continue to update our website, so you always have the latest news about the support you can access when you join us.