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It's National Student Money Week

Wednesday 10-02-2016 - 11:12

This week marks National Student Money Week 2016 and the theme for this year is a pertinent one: ‘Students, Money and Mental Health’

I’ve blogged previously about the how the pressure of life as a student can have a serious impact on your mental wellbeing, and recent changed to funding and loans can only make things worse.

With soaring accommodation costs, the scrapping of maintenance grants, and the elimination of NHS bursaries for health care students, it's no surprise that students are feeling the strain. The Mental Wellbeing in Higher Education Group estimate that demand for student counselling services has increased 10% year on year as students face mounting pressures whilst attending university.

Our recent research showed that of the 78% of students consider themselves to have experienced a mental health issue in the past year, and 47% of them reported that financial difficulties were the main trigger for their mental distress. This is backed up by our Pound in Your Pocket research into student finance, which showed that 50% of students regularly worried about their living costs.

Throughout this week we will be posting useful guidance and tips on manging your money and your mental health, so keep checking back for updates.

In the meantime, if you are worried about your finances or your mental health, get in touch with your students’ union advice centre, who will have trained advisors who can offer support and information. Alternatively, you can contact your local Citizens Advice or visit their website.

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