Dealing with debt
The most important thing to remember is not to ignore the problem. Debts won't go away and the longer you ignore it, the worse it’s likely to get.
As soon as you think you're in debt, seek help.
The UPSU advice centre can give you free professional debt advice.
Some steps you can take to make things easier:
- Talk to the people you owe money to. Tell them you're having difficulties and are taking steps to sort the problem out. Your creditors will often accept smaller repayment amounts or agree to freeze interest or charges. If you owe the University money (e.g. for accommodation or tuition fees), speak to someone in the relevant department straight away.
- Check you've received all of the student loan/grant you are entitled to. If you need help with this come and talk to us in the Student Funding Unit.
- Make sure you've worked out a realistic budget so that you're able to cope with your outgoings.
- Think about ways you might maximise your income e.g. by getting a job.
Other useful websites for expert advice: