Financial Support Available to you!

We know that in these unprecedented times you might be concerned about your finances and looking at additional funding options. We’ve compiled all the information that you will need about the additional funding you can apply for through the University’s Financial Guidance Team in one blog post for you.

Financial Assistance Fund

If you’re a UK / ‘Home’ student, you can still apply to the Financial Assistance Fund for support until the end of May. Please don’t wait until you have run out of money to apply to the Financial Assistance Fund, apply now.       

If you’re worried because your loan, grant or bursary doesn’t cover your everyday living and course costs, then apply now to the Fund. We will compare your income and your expenditure (including any changes of circumstances) over the academic year and see if you show a shortfall.         

If you are eligible, awards made range from £100 to a maximum of £4,500 and you will not usually have to pay this money back! There is no guarantee that you will receive an award, but you won’t know unless you apply.  

For those wanting to apply for financial support over the summer period only, the team hope to have the summer fund open from June, further details will be on the website when this is available.

Please note: The Fund is limited and awards will be allocated on a first-come, first-served basis. Receiving an award from the fund is not guaranteed

Who can apply?

To be eligible to apply to the Financial Assistance Fund, you must:

  • Be a UK (‘Home’) student.
  • Be enrolled on an undergraduate or postgraduate University of Northampton course for the current academic year.
  • Have taken your full entitlement of statutory funding (including maintenance loans) in the current academic year, from Student Finance England/ Student Finance Wales/ Student Finance Northern Ireland/ Student Awards Agency for Scotland and/or NHS funding (NHS Learning Support Fund for new healthcare students).

You can find the full list of eligibility criteria on the Financial Assistance Fund page.

To apply, you must complete the Financial Assistance Fund application form (including all relevant sections) and send it to us with your supporting evidence (PDF format only). The deadline for applications is the end of May, and further information to support your application can be accepted until the start of July, subject to funds remaining available.

Help us to help you.

We appreciate that gathering evidence for your application may take time, however you should have all the information required already. For most applications, the most time-consuming part is gathering copies of bank statements. To help us assess your application quickly and to avoid us asking for further information, please refer to the list of supporting evidence on the application form. Below we have listed some top tips:

  • Remember to include a copy of 3 months bank statements for all accounts held by you (and for your partner if you have one). You may have many accounts, some you may use often and others that you don’t use as much (such as savings accounts), the team need to have a copy of bank statements for all accounts held
  • Ensure the bank statements clearly show your account name, account number and sort code details, so that we can identify the account as yours. If your statement doesn’t show all these details, you may need to submit further information which shows this.  
  • If you have any transfers to other accounts, please ensure these transfers are explained and ensure you have provided the team with a copy of the bank statements for these accounts.  

If your application is missing any evidence, the team will request this by email and this will delay the assessment of your application.

Additional support available to you.

You might also be eligible to apply for additional financial support through the Financial Assistance Fund for the following:

EU Students

If you’re from the EU (and have applied for a Tuition fee loan from Student Finance Services or a Masters loan from Student Finance England), you may be eligible to apply for the EU Hardship Fund instead (eligibility criteria apply).

The deadline for applications and supporting evidence is the start of July, subject to funds remaining available.

University Mental Health Day 2021 – Money and Mental Heath.

University Mental Health Day is a significant day throughout Universities in the UK. For many, this past year of Covid-19 and its restrictions has had a significant impact on their Mental Health. One element that can have a significant impact on an individual’s Mental Health is their financial situation.

For anyone struggling financially, be it because their Student Loan isn’t stretching far enough, they’ve faced redundancy, been placed on Furlough because of the Covid-19 Pandemic or they have been unable to find work , this can make the management of their money considerably harder. For individuals with money worries – this can make their mental health worse. It is somewhat of a vicious cycle.

Flow chart diagram showing a circular flow between 'Poor mental health means managing money is harder' and 'Worry about money makes my mental health worse'.
From Source.

Many students would usually find work within the hospitality sector such as local pubs, bars, restaurants and night clubs or within the retail sector, as this often fits alongside their studies. With  these areas having been impacted massively during the Covid-19 pandemic – with some areas not expected to re-open until the middle of June, this has had a huge impact on the options available to students. In yesterday’s budget announcement, it was announced that the Furlough scheme would be extended until September, so many may face the continuation of life on 80% of their normal income but still having to balance this against their usual living costs.

However, for those who have not been on furlough and may have lost their jobs or not been able to find work at all, University life may have been very challenging over these last few months.

With so many 18-24 year olds facing a loss of employment and many of those being University students,having an understanding of how your finances can impact your Mental Health and being aware of the support available to you, is vital.

Many individuals who are experiencing difficulties with their mental health, may feel anxious and isolated (especially so within the current climate) and may find the management of their finances challenging. However, the University of Northampton have a Counselling and Mental Health Team and Financial Guidance Team who are here to provide information and support to help you.  You can find out more about the Counselling and Mental Health Team here:

Find out more about University Mental Health Day here:

Please find below more information about the  financial assistance and support offered by the University.

Hardship funds

The University of Northampton has recently received funding from the Office for Students (OfS) to help students who are struggling financially due to the impact of Covid-19. There are two funds currently available to  students at the University of Northampton, which are:

  1.  The Office for Students (OfS) Covid-19 Hardship Fund
  2. The Office for Students (OfS) Accommodation Hardship Fund

Both funds offer support of up to £500 per student and you can apply for both if you meet the eligibility criteria.  To find out more and to apply for these funds, please visit the Finances section of the Student hub or click the buttons bellow.

The Financial Guidance Team also offers other funds such as the Financial Assistance Fund and EU Hardship Fund. They also have funds to support Care Leaver/Foyer/Estranged Students, a Carers Award, financial support for those who require a diagnostic assessment as part of their DSA application and a DSA top-up support (eligibility criteria apply). The team also has a partnership with the local Citizens Advice office who can offer advice and information for those with complex queries.

Student Finance – Home and EU Students*

The majority of Home and EU students at the University of Northampton receive some level of funding from Student Finance  (dependent on their home region). For some, their eligibility for funding  may have potentially changed with current circumstances, if you have had a change in circumstances and need to find out more about how this may impact on you, you may wish to contact your funding provider directly, please find details below:

Student Finance England

NHS Student Bursaries Team

Student Awards Agency for Scotland

Student Finance Northern Ireland

Student Finance Wales

*Those whose course started within the 2020-2021 Academic Year

Disabled Students Allowance (DSA)

Students experiencing mental health difficulties may be eligible for DSA. Students experiencing mental health difficulties may not identify as disabled; however, for many experiencing mental health difficulties, it can be disabling and have an impact on your access to education.

For more information about DSA, the eligibility criteria  and how to apply, please click here:  

Money management and Mental Health go hand in hand. If you have any questions about any of the above funding or want to find out more email money@northampton.ac.uk.