Episode 6 - Student Loans, Bursaries, and Money Hacks
Learn about the hidden support systems and clever money-saving strategies that can help you thrive financially throughout your university journey.
Overview
In this episode of Thrive, Mark speaks with Richard Pugh, a Student Money Advisor at the University of Salford. Richard explains how university finance works in the UK. He breaks down costs in a clear and simple way.
This episode is useful for students planning to start university. It is also helpful for students already studying. The focus is on practical and realistic advice.
Richard explains tuition fees and what students are paying for. He also explains maintenance loans and how they support living costs. Budgeting is a key theme throughout the discussion.
The episode looks at funding options for students from different backgrounds. Richard explains alternative funding routes. He highlights support that many students do not realise exists.
Student loan repayment is explained clearly. Richard shows how it works after graduation. He also explains why student loans are different from normal debt.
The impact of previous study is also discussed. Richard explains how it can affect funding eligibility. Planning ahead is shown to be essential.
This episode is ideal for anyone worried about money at university. It aims to reduce stress and confusion. It helps students feel more confident about their finances.
What you'll learn
- What typical university expenses look like, including tuition fees and living costs.
- How maintenance loans are calculated and what you might expect to receive.
- The difference in funding between undergraduate and postgraduate study.
- How student loans are repaid and why they’re not like traditional debt.
- Funding options for students from religious backgrounds who avoid interest-bearing loans.
- What financial support is available for degree apprenticeships and vocational courses.
- How NHS Learning Support Funds and social work bursaries can help healthcare students.
- What Disabled Students Allowance covers and how to access it.
- Common budgeting mistakes students make—and how to avoid them.
- Tips for saving money on travel, textbooks, tech, and everyday expenses.