Money and Advice
National Student Money Week
This month we are promoting National Student Money Week #nsmw21.
The theme is ‘Expect the Unexpected’.
You can find information and resources at www.nationalstudentmoneyweek.com
From that page you can join a free financial planning webinar, download a free ebook and enter a ‘bootcamp’ competition.
You can join Kooth Student for their free webinars on Money and Mental Health.
This session will give an overview of how students in halls of residence and private accommodation can access support from Kooth Student:
Tuesday 16th Feb – 1:15-2:00 via Zoom
This session will give an overview of how students experiencing financial difficulty can access support from Kooth Student:
Covid-19 Support Fund
If you have been financially affected by the Covid-19 pandemic, and haven’t yet applied to our Hardship Fund, you can apply to our new Covid-19 Support Fund here. Applications close on 21st March.
Ask A Money Adviser
Do you have any questions about your student funding, budgeting, welfare benefits or debt? Ask our Money Advisers your questions between 14:00-15:00 on the 16th and 18th February.
The University’s Hardship Fund is open to enrolled students. We will assess applications on a case by case basis and we would encourage students affected the ongoing pandemic to apply.
Due to the limited scope of the fund, we cannot provide a commitment to make up for lost income or a guaranteed award for applicants. However, we can assure applicants that the current climate and the financial ramifications of it, will be taken into account in our assessment process and we will do our utmost to support those students who are in most need.
Applications can be submitted through https://www.leedsbeckett.ac.uk/studenthub/hardship-fund-applications
Our Student Money Advisers are available to support our students during the Covid-19 crisis. For specific advice for students affected financially by the crisis, please encourage your students to call 0113 812 5593 or request a call back via the link below.
Every effort has been made to ensure that this information is accurate up to 10th December 2020 from the information currently available, however, this is a fast-changing situation. Leeds Beckett University does not accept responsibility for any inaccurate or out of date information in this factsheet, which is a guide only and not a statement of entitlement.
If you have lost your job or you are not currently working and your employer cannot afford to pay you, they may be able to class you as a ‘furloughed worker’. Under this scheme, your employer can claim a grant from the government for up to 80% of your wages, up to a monthly cap of £2,500. Employees on zero-hour contracts are also included so it is worth getting in touch with your employer and see if they can help. You will need to have started your job before March 19th 2020 and have been on the PAYE payroll before this date.
Statutory Sick Pay
Full-time students can get SSP as long as they meet the rules https://www.gov.uk/statutory-sick-pay
You can get £94.25 per week Statutory Sick Pay (SSP) if you’re too ill to work. It’s paid by your employer for up to 28 weeks.
If you are staying at home because of COVID-19 you can now claim SSP. This includes individuals who are caring for people in the same household and therefore have been advised to do a household quarantine.
You need to have been earning an average of £118 per week. Agency workers can also get SSP.
Guidance for Employees
Where parents' income has been affected by the Covid pandemic then you may be able to get an increase in your maintenance loan if you are not already getting the maximum amount.
If your parents' income falls by 15% or more in the coming year, they can ask for their current year income, ie. 2020/21 instead of 2018/19 income, to be taken into account when working out how much maintenance loan you can get - Current Year Income
SFE contact centres are fully open. You may need to wait longer than usual to get through to them, so it may be worth checking to see if the answer to your question is in the SFE guidance below before calling.
If you find yourself struggling financially, you can apply to the University Hardship Fund. Awards are not guaranteed, but we will look at each application on a case by case basis, and we will do our utmost to support those students who are most in need. You can apply here: https://www.leedsbeckett.ac.uk/studenthub/hardship-fund-applications/. If you have already made an application this academic year you can complete a shortened review form in the link above.
Overseas students who have been affected by the COVID-19 outbreak can also apply to the Hardship Fund.
The Government has issued Guidance for Landlords and Tenants about eviction procedures during the current Covid pandemic.
You cannot be evicted without the Landlord following the correct legal procedures. Most private tenants are ‘assured shorthold tenants’. Shelter has a good guide and information about tenants rights.
For further guidance and support around this you can contact Leeds Beckett Student Union Advice Service.
To be eligible as a full-time student for Universal Credit you need to be, either:
responsible for a child or young person, or,
have limited capability for work and get PIP or DLA, or,
you are a single foster parent, or,
your partner is a student and you are fostering a child, or,
you have a partner who is not a student, or who is a student but fits into one of the other categories or,
finally, if you have been ill or have been caring for someone and you have now recovered or finished caring and you are waiting to return to your course.
If you are currently receiving benefits, the standard allowance in Universal Credit and the basic element in Working Tax Credit has been increased by £20 per week on top of the planned annual uprating. This applies to all new and existing claims and will be in place for one year from 6th April 2020. This means that for a single Universal Credit claimant under 25, the standard allowance will increase from £215.77 to £307.84 per month.
Local Housing Allowance rates have increased to the 30th percentile of market rents. This will apply to all private renters who are new or existing Universal Credit housing element claimants, and to existing Housing Benefit claimants.