Wednesday 11-11-2015 - 15:25
Ahead of the #CutTheCosts Westminster Lobby on 8 December, students' unions across the country are joining the campaign.
More than 80 per cent of students at the University of Bolton come from homes with a household income of less than £25,000. The Bolton Student Union has partnered up with a credit union to support students who are facing financial difficulties. They offer two services, a “loan-day loan” and a secured loan made against savings made during the first and second years of a student’s course. Depending on how much the student saves, they will not have to work during their third year, leaving more time for study. The student union is also hoping to run budgeting and financial management sessions.
SU President Arthur Kaddu said:
“Our relationship with Hoot the Credit Union is essential as according to our research the number one thing on students' minds is their finances. It also is the number one thing that causes them to drop out of university. By working with Hoot we're able to support those students who are in difficulty, and ensure that they aren't borrowing from less reputable financial providers.”
How is your students’ union supporting the #CutTheCosts campaign to save maintenance grants? We’d love to promote your work to the membership on NUS Connect - simply get in touch with firstname.lastname@example.org and tell us what you’re doing on campus!