Money events

Returning Students 2025-26

Student finance applications

Before diving into the excitement of summer, it's essential to ensure your finances are in order for the new academic year ahead.

By taking the time to complete your SFE application during the summer break, you'll set yourself up for financial stability and peace of mind as you embark on your university journey.

Re-applying for finance is quick and easy - log into your online government account using your existing signing in details, click on undergraduate student finance applications, and click re-apply. Make sure your details are still correct before you submit your application.

The recommended deadline for continuing students is June 2025 which will make sure you receive your loan in time for the new academic year. If you apply after this date, your money may be late.

Applications normally take around 6-8 weeks to process but please check your online account regularly for any updates or in case you need to provide additional evidence.

Have your circumstances changed?

If your circumstances have changed such as your household income, course or course length then you can update your situation when you reapply. Please contact the Funding Team if you need any assistance with this.

Student Finance England – ‘How to’ guide

This guide will provide you with answers to the most common questions that undergraduate students are currently asking us.

Repeating an academic year

For further guidance regarding repeat years funding visit our Student Finance England page which contains lots of information regarding repeating academic years and how it affects your student loan application and more.  

Please visit Student Finance England Funding on our pages for more information.

Make the Most of Your Summer Job

Summer break isn't just a time for relaxation; it's also an excellent opportunity to gain valuable work experience, develop new skills, and earn some extra cash. Whether you're looking for part-time positions, seasonal work, internships, or volunteer opportunities, there's something out there for everyone.

Benefits of summer jobs

• Work experience: Summer jobs provide an opportunity to gain practical work experience and develop transferable skills such as communication, teamwork, and time management.
• Financial independence: Earning money during the summer break can help cover expenses such as textbooks, and living costs during the academic year.
• Networking opportunities: Summer jobs allow you to meet new people and expand your professional network, which can be beneficial for future career opportunities. Personal growth: Summer employment challenges you to step out of your comfort zone, take on new responsibilities, and develop confidence and independence.

Making the most of your summer job

• Set goals: Determine what you want to achieve from your summer job, whether it's gaining specific skills, earning a certain amount of money, or making new connections.
• Take initiative: Show enthusiasm and initiative in your role by taking on additional responsibilities, volunteering for new tasks, and seeking opportunities for growth.
• Build relationships: Take the time to build relationships with your colleagues and supervisors. Networking can open doors to future opportunities and mentorship.
• Reflect and learn: Reflect on your summer job experience and identify what you've learned and accomplished. Use these insights to inform your future career decisions and aspirations.

Balancing work and leisure

While summer jobs offer numerous benefits, it's essential to strike a balance between work and leisure to avoid burnout. Schedule time for relaxation, socialising, and pursuing hobbies and interests outside of work. Remember that summer break is also a time for self-care and rejuvenation.

By seeking out diverse summer job opportunities and approaching them with enthusiasm and a positive attitude, you'll not only make the most of your summer break but also gain valuable experiences that will serve you well in your future endeavours. So seize the opportunity, explore different roles, and embark on a summer job adventure that's both fulfilling and rewarding.

Savings

Managing your finances effectively is crucial for a smooth transition to university life and beyond. Use the summer break to establish healthy saving habits that will serve you well throughout your academic journey and beyond.

Remember that saving money is a long-term commitment, and small steps taken now can lead to significant financial rewards in the future. So take control of your finances, set clear goals, and watch your savings grow over time.

Setting financial goals

Before you start saving, it's essential to set clear financial goals. Consider what you're saving for, whether it's covering tuition fees, accommodation costs, travel expenses, or building an emergency fund. Setting specific, measurable, and achievable goals will help you stay motivated and focused on your saving efforts.

Automating your savings

Consider setting up automatic transfers from your current account to a savings account each month. This way, you can pay yourself first and ensure that a portion of your income goes towards savings before you have a chance to spend it. Treat your savings like any other essential expense, and make it a priority in your budget.

Exploring investment options

Once you've built up your savings, consider exploring investment options to make your money work harder for you. Look into savings accounts with competitive interest rates, individual savings accounts (ISAs).

New budget for 2025-26

By carefully planning your income and expenses, you can ensure that you have enough funds to cover essential costs while still enjoying your university life to the fullest. At its core, a budget is a financial roadmap that helps you manage your money effectively. It involves balancing your income with your expenses, ensuring that you live within your means and work towards your financial goals.

Importance of creating a budget for University life

University life brings its own set of financial challenges, from tuition fees and accommodation costs to textbooks and social activities. A budget helps you navigate these expenses and make informed financial decisions, setting you up for success both academically and financially.

Compare with previous year's spending

By comparing your previous year's spending with your budget, you'll gain valuable insights into your financial habits and behaviours. Use this information to create a more accurate and realistic budget for the upcoming year, allowing you to take control of your finances and achieve your financial goals.

Tools for budgeting success

Fortunately, there are numerous tools and resources available to help University of Essex students create and maintain a budget. Two such resources are Blackbullion and Save the Student.

Blackbullion app

The ultimate solution for University of Essex students to take control of their finances with confidence. With all your accounts in one place, the app provides a comprehensive view of your spending, allowing you to manage your money effectively and efficiently. Plus, with secure open banking connections, you can connect all your accounts effortlessly, giving you total visibility and peace of mind over your financial well-being. And the best part? The app is completely ad-free, with no in-app purchases, and offers great rewards for your financial diligence. With custom categories and personalization options, managing your money has never been easier. Say hello to financial freedom with the Money Manager app.

Save the Student

Save the Student is a website dedicated to helping students make the most of their money. The Student Budget article provides great alternative and tips on creating a successful budget which include spreadsheets to alternative apps.
Creating a budget may seem daunting at first, but the rewards far outweigh the effort. By taking control of your finances and making informed decisions about your money, you can achieve greater financial stability, reduce stress, and work towards your long-term goals. With resources like Blackbullion and Save the Student at your fingertips, there's no better time to start budgeting than now. Your future self will thank you for it.

New job once at University

Part-time employment during university can be a valuable experience, providing opportunities to develop new skills and earn extra income.

Seeking support

Get the most from your Essex experience by tapping into our professional careers service and support. The Careers team provides help and advice to help you develop your skills, find opportunities and gain experiences throughout your time at university and beyond.
Essex Careers Services is not part of any combined careers services and has a wealth of expertise to meet the needs of an Essex student.

Essex CareerHub

Essex CareerHub includes our free vacancy board advertising a range of opportunities, including part-time jobs, internships, placements, and graduate roles. Log in using the first part of your Essex email (you don’t need the @essex.ac.uk bit!).

Preparing to finish university – what to do next

As you approach the end of your university journey, a mix of excitement and uncertainty might fill your thoughts. What should you do after graduation? How do you navigate the transition from campus life to the professional world? Here’s a guide to help you prepare for life after university:

1. Start Your Job Search Early: Don’t wait until after graduation to kickstart your job search. Begin applying for jobs several months in advance. Attend career fairs, utilize your university’s career services, and network with professionals in your field of interest.

2. Tailor Your CV and Cover Letters: Customize your CV and cover letters for each job application. Highlight your relevant skills, experiences, and achievements that align with the job requirements to stand out to potential employers.

3. Build Your Professional Network: Networking is crucial for career success. Attend industry events, join professional organizations, and connect with alumni from your university. Building a strong network can open doors to job opportunities and provide valuable career advice.

4. Consider Further Education or Training: If you’re unsure about your career path or need additional qualifications, explore options for postgraduate degrees, certifications, or vocational training programs.

5. Manage Your Finances: Create a budget and plan for living expenses, loan repayments, and potential relocation costs. Seek advice from financial advisors to ensure you’re making informed decisions about your finances.

6. Embrace Flexibility: Be open to entry-level positions, internships, or temporary roles to gain experience and build your professional profile, even if they’re not your dream job initially.

7. Seek Out Mentors: Identify professionals in your desired field who can provide guidance, advice, and support as you transition into the workforce.

8. Practice Interview Skills: Prepare for interviews by researching common questions, practicing your responses, and seeking feedback from career advisors or mentors.

9. Be Patient and Persistent: Finding the right job takes time, so stay motivated and persistent in your job search. Learn from rejections and continue improving your application materials and interviewing skills.

10. Consider Entrepreneurship: If you have a business idea or entrepreneurial ambitions, explore resources and support available for starting your own venture.

Leaving university is a significant milestone, but it’s also the beginning of an exciting new chapter. Embrace the challenges and opportunities ahead with confidence and determination.

Your student bank account – what to do next

As you prepare to leave university, it’s essential to consider the next steps for your student bank account:

1. Switch to a Regular Current Account: Most student bank accounts have an age limit or require you to be enrolled as a student. After graduation, you’ll likely need to switch to a regular current account.

2. Check Your Overdraft Facility: If you have an overdraft facility with your student account, understand the terms and conditions. The overdraft limit may be reduced or removed when you’re no longer a student.

3. Understand Interest Rates: Many student accounts offer an interest-free overdraft period, which may end after graduation. Be aware of the new overdraft charges and interest rates that will apply to your account.

4. Provide Proof of Address: When switching to a regular current account, you may need to provide proof of your new address. Student accommodation may no longer be accepted as a valid address.

5. Explore Graduate Accounts: Some banks offer special graduate accounts with benefits for a limited time after graduation. Research and compare different accounts to find the best option for your needs.

6. Be Aware of Fees: Regular current accounts may have different fees or requirements compared to student accounts. Understand any monthly fees, minimum balance requirements, or other charges.

It’s essential to notify your bank well in advance of your graduation date to facilitate a smooth transition to a new account.

Student loan repayment

If you financed your course with a government-backed student loan, here’s what you need to know about repayment:

• Repayments start the April after you finish your course or four years after it began, whichever comes first.
• You’ll start making repayments if your income is above the repayment threshold, which is £21,000 for postgraduate loans and £27,295 for undergraduate loans.
• Your monthly repayments will be based on your income, not the amount you borrowed.
• Student loan repayments are automatically deducted from your salary by your employer, similar to taxes.
• Notify the Student Loans Company of any changes in your circumstances, such as a drop in income.
• Remember, student loan repayments are designed to be manageable based on your income, and the loans are written off after a certain period.

For more information on student loan repayment, visit the Save the Student website.

As you prepare to finish university and embark on your next chapter, remember that this is just the beginning of an exciting journey. Stay proactive, seek support when needed, and embrace the opportunities that come your way. Your future is full of potential—make the most of it!

Save Money on Your Weekly Shop: Mastering the Supermarket Downshift

If you consider yourself a budget-conscious student but regularly splurge on premium supermarket products, it may be time to rethink your shopping habits. Learning how to shop smarter through supermarket downshifting can help you significantly cut costs without compromising on quality.

What is Supermarket Downshifting?

Supermarket downshifting is a simple strategy where you swap premium and branded products for more affordable alternatives. Most supermarkets stock products in four different price tiers:

1. Premium Brand – Luxury and organic ranges, such as Tesco Finest or Sainsbury’s Taste the Difference.

2. Manufacturer’s Brand – Recognisable household names like Heinz, Birds Eye, and Walkers.

3. Supermarket Own-Brand – The store’s version of popular products, like Tesco’s own cornflakes.

4. No-Frills Value Products – Economy ranges with basic packaging, such as Asda Just Essentials or Sainsbury’s Stamford Street Co.

While packaging and branding may differ, the actual product quality is often comparable. By stepping down a tier, you can achieve substantial savings on your food shop.

How Much Can You Save?

By applying the downshift technique, you could reduce your weekly grocery bill by around a third. If you currently spend £30 per week on food, this method could bring it down to £20, saving you approximately £520 per year!

Let’s look at some real examples of savings across popular student food items:

Pasta Savings at Tesco

• Premium – Tesco Finest Penne Rigate (500g): £1.70

• Manufacturer’s – Napolina Penne Pasta (500g): £1.50

• Supermarket Own-Brand – Tesco Penne Pasta (500g): 69p

• No-Frills – Hearty Food Co. Penne Pasta (500g): 41p

By choosing the no-frills option, you save £1.29 per pack – enough to stock up on a few more student-friendly pasta dishes!

Cheese Savings at Asda

• Premium – Exceptional by Asda Extra Mature Cheddar (300g): £3.50 (£11.67 per kg)

• Manufacturer’s – Cathedral City Mature Cheddar (350g): £3 (£8.57 per kg)

• Supermarket Own-Brand – Asda British Extra Mature Cheddar (400g): £3 (£7.50 per kg)

• No-Frills – Just Essentials Mature Cheddar (400g): £2.49 (£6.22 per kg)

Downshifting here means nearly halving the price per kilogram compared to the premium option.

Bread Savings at Sainsbury’s

• Premium – Taste The Difference Soft Multiseed Farmhouse Wholemeal (800g): £1.40

• Manufacturer’s – Kingsmill Tasty Wholemeal (800g): £1.30

• Supermarket Own-Brand – Sainsbury’s Wholemeal Bread (800g): 75p

• No-Frills – Stamford Street Co. Medium Wholemeal Bread (800g): 47p

A switch to the budget option saves you 93p per loaf – a huge saving over time.

Tips for Maximising Your Savings

If you’re keen to give the supermarket downshift a go, here are some extra tips to make the most of it:

• Taste test no-frills products – Some budget ranges are surprisingly good, while others may not suit your preferences. Experiment to find the best-value alternatives.

• Be selective – Not everything needs to be downshifted. If you’re loyal to a particular brand for certain products, focus on switching those that matter less to you, such as sugar, cooking oil, or chopped tomatoes.

• Shop at budget supermarkets – Lidl and Aldi specialise in low-cost alternatives, offering great savings across the board.

• Always check deals – Sometimes, a premium product may be discounted to the same price as a supermarket-own brand, so it’s always worth comparing prices.

Final Thoughts

Supermarket downshifting is a simple yet highly effective way to manage your student budget while still enjoying great food. Even making a few swaps can result in significant savings over time. Next time you do your weekly shop, challenge yourself to move down a tier and see how much you can save!