The University of Bedfordshire offers a wide range of scholarships and bursaries so students could receive up to £2,400*, and every UK and EU student on a full-time undergraduate course will get £1,500* at the very least.

Anne Chawk, Student Money Adviser at the University of Bedfordshire, gives some advice on how to make your money go further. She said: “There are two key steps to money management, budgeting and monitoring spending. It is better to do a rough budget than not to do one at all. 

“Try to be as realistic as possible and take into account one off payments for example course equipment and materials. Make two list of things you would like to spend your money on - things you want and things you need to have. Then consider whether you could live without some or all of the items on the wants list.

“Remember to check your bank statements as the easiest way of monitoring your spending.”

Here’s Anne’s her top tips on how to budget for life at university:

1:  Write down a list of your costs and compare this to your incomings.  This may help advise if you need to work part time.  With all your expenditures, work out if you need to spend this money.  You may have streaming services or television packages that you may well be able to do without whilst at University.

2:  Look at your direct debits.  Check for any old expenditures you don’t need any more.  You may have an old phone contract or a subscription that you no longer need.

3: If you have a smartphone, download a spending tracker app.  Ensure you log every penny you spend.  Thinking about adding to your expenses column on this will help you think twice before impulse buying.  It is incredibly simple and doesn’t always seem real money when you are simply tapping your card at a checkout.

4:  Set a monthly spend based on your income and stick to it!  Try to keep 10% aside for emergencies, you never know when you will need a bit of extra cash. 

5: Shop around.  You will be amazed how much you can save.  From supermarket spending to clothes and even electricity or gas bills, you can save £100s by looking around.  You can often do this online in the comfort of your uni library or at home.