If you're concerned about your finances during the Covid-19 pandemic, whether that’s paying rent, payments from employer or general financial entitlements, we have brought together some of this information for you below.
Please refer to government guidance on Covid-19 and renting which explains your obligations and rights as a tenant. There is also more information on our Student accommodation and coronavirus FAQs page.
Please refer to government guidance for employees which covers a range of information including being furloughed by your employer There is also information on benefits including Universal Credit. It is essential students refer to Universal Credit and students before applying for this. The majority of full time students will not have eligibility for Universal Credit unless they meet key criteria.
If you need a general overview of the information provided by the government above and have other general financial questions, as a result of Covid-19, please check out Save the Student, which has some really useful and practical financial information. For all the latest updates regarding Covid-19 from Student Finance England, please refer to the information published by the Student Loans Company.
Current Year Income assessment
If you’ve applied for student finance for 2020/21, Student Finance England would normally use your household income from the 2018–19 tax year to work out how much student finance you are eligible for. If your household income has dropped by 15% or more in the 2020/21 tax year, perhaps because of the Covid-19 outbreak, compared to 2018–19, you can ask Student Finance England to recalculate your student finances. They will base the recalculation on the Current Year Income (CYI), meaning the estimated household income for the 2020–21 tax year.
For more information about the CYI assessment eligibility criteria and the application process, please refer to Student Finance England.
Please check out the BU Financial Support pages for more information on support BU can offer as well as the external funding guidance page. If you are struggling to buy food please contact SUBU Advice who may be able to provide vouchers. If you wish to discuss your financial situation further, please contact AskBU on 01202 969696 or email@example.com.
Our Careers & Employability Team are available online and can provide support and advice about careers, job opportunities and the recruitment process. You can contact the team directly, or access our online careers system MyCareerHub to search for jobs or resources.