If you’re finding things more expensive than expected, you’re not alone. The cost of living has increased, and a lot of students are feeling the pressure. ‍This guide breaks down what’s going on and where you can get support.

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What is the cost of living crisis?

The cost of living crisis means that everyday costs like food, energy and rent have gone up, while income (like maintenance loans) hasn’t increased at the same pace. You can find more details on the Government’s website.

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How might this affect me as a student?

You might notice:

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• your money not stretching as far as it used to  

• higher costs for food, travel or bills  

• your maintenance loan is not covering everything  

• needing to cut back on both essentials and social activities.

This can feel stressful, especially if you’re already budgeting carefully.

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I’m worried about money. Where can I start?

If you’re feeling anxious about your finances, reaching out early can really help. You can:

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• contact the Advice Team by completing our enquiry form  

• speak to Wellbeing Services if this is affecting your mental health.  

You don’t have to deal with it on your own.

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What if I can’t afford my rent or bills?

If you’re worried about paying rent, it can feel really overwhelming, but there are steps you can take. Reach out early to Citizens Advice or our Advice Team. Getting support early can make a big difference and help you avoid things escalating.

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What support is available on campus?

‍There’s support available day-to-day to help you manage costs:

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• Budget-friendly food and drink – check current offers.  

• Community Fridge – access free food donated by other students.

• Wellbeing Cupboard – free condoms, sanitary products and more.  

• Warm spaces – Devonshire House is open 24/7 with hot water and microwaves.  

• Advice Team – practical help with budgeting and money worries.  

• Wellbeing Services – support if finances are affecting your mental health.  

• Mitigation – if financial stress is impacting your studies, you can apply for support.  

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What support is available off campus?

‍If you’re trying to make your money go further, there’s support beyond the University that can really help. You don’t have to figure everything out on your own, there are trusted services designed to support you through this.

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• Money Saving Expert – clear, practical advice on saving money, budgeting and cutting costs.  

• Save the Student – student-focused tips, guides and ways to stretch your budget.  

• Free online learning platforms – helpful if you want to build confidence with managing money.

• Citizens Advice – support with bills, rent, debt and your rights.  

• StepChange – help if you’re struggling with debt or repayments.  

• National Debtline – guidance on budgeting and dealing with money worries.

• Turn2us – helps you check what benefits or grants you might be entitled to  

• Gov.uk – up-to-date information on benefits, cost of living support and eligibility

• Discounts – check out our support guide on where you can find student offers.

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What financial support can I apply for?

• Success for All Fund - Available if you’re facing unexpected financial hardship during your studies. We can help you with your application. Find out how to apply on the University’s website.

• Society Hardship Fund – Joining a society is a great way to make friends, improve your wellbeing and try something new. We know some societies can be outside of your budget. Our Fund offers support with memberships, kit, stash or events. Find out more on our website.

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Can I boost my income?

If you’re looking for extra income you could explore getting a part-time job. Check out our Support Guide for more information.  

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What is the Guild doing to support students?

We know that the cost of living is a real concern for lots of students right now and it’s something we’re actively working on.

You can check what your Officers are working on to represent your views and push for change and see how we’re working with the University to improve your experience and reduce financial pressures on our website.  

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Can the Guild help me?

If money is worrying you, we’re here to help you feel more in control. We can:

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• help you budget  

• talk through your options  

• support you with funding applications.  

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Email advice@exeterguild.com or complete our enquiry form.

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