Debt
This is part of our information on money matters providing advice on Managing Your Money.
A personal debt is a sum of money borrowed from another person or institution (such as Student Finance or a bank). There is usually an expectation that the money will be repaid within an agreed timescale and there may also be other conditions of the loan such as interest or penalty charges which may accrue.
Debt is not always a bad thing if managed properly and repayments are affordable. However, debt can sometimes become unmanageable if your circumstances change unexpectedly or you borrow more than you can afford to repay.
If you are struggling with debt problems, it can be very stressful and affect all areas of your life including your health and studies.
How can the University Support you?
If you are worried about debts, you can contact us for advice. If relevant we may signpost you to other organisations that provide free debt advice.
Emergency Hardship Loan From the University
If you are struggling with day to day living costs the University may be able to help with a short-term interest and fee free emergency hardship loan of up to £250 (subject to eligibility).
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Last Updated: 20th August 2026