Step 4: Review
You should keep all documents to do with your finances receipts, bank statements, correspondence from the Student Loans Company - together and review your budget at least once a month throughout the academic year to make sure you're still on track financially. That way you'll always be on top of your finances and free to enjoy the rest of university life!
Don't forget your TV Licence refund!
It's the end of the university year, and students who have a TV licence may be eligible for a refund.
If you are not staying at university over the summer, it's likely that you don't require the final three months of your TV licence. If this is the case, and there are three full calendar months before it expires, you are entitled to a refund for that unused quarter.
Your parents' TV licence will not cover you away from home. Whether you're watching TV on a traditional set, a high definition surround sound system, a PC screen or a laptop, you need to be covered by a valid TV licence. Our advice is to always make sure you get your licence by the end of October so that you qualify for a refund at the end of the academic year.
Anyone without a valid TV licence who watches or records television programmes on any channel (including terrestrial, satellite, cable or digital television channels) as they are being broadcast in the UK risks prosecution and a fine of up to £1000.
Costs and refunds
A TV licence currently costs £145.50 per year.
To arrange your refund, or if you require further information, please contact TV Licensing on 0300 796 6090.
The new Student Finance system
Information for you on the new Student Finance system: find out costs, your eligibility for financial support, and calculate your repayments. Visit www.direct.gov.uk/studentfinance