The Scottish Government and the University offer a fund that supports students experiencing financial difficulty. This means-tested fund is focused on supporting living costs. It can not help with tuition fees. The Financial support fund is currently closed at the start of term to allow us to prioritise support to students in obtaining their primary funding. If you are at risk of homelessness please contact studentfundingteam@ed.ac.uk or visit EUSA in the first instance.Kind RegardsStudent Funding Team About this fundThis fund combines the previously named Discretionary fund for UK students and financial support for international students. Where the need is verified the fund can award up to £2,000 annually. Initially, awards will be made for only semester 1 needs and this will be reevaluated during semester 2.This page contains the key information to support the application process. Incorrect or missing information, including bank statements, will delay your application. Who is the fund for? This fund helps students who are experiencing severe financial difficulty. It is open to all fully matriculated students. Full-time and part-time students UK and international students Undergraduates and postgraduates Students in receipt of SAAS or SLC funding must have applied for their full income-assessed student loan, taking the maximum available.Who isn’t eligible for this fund? Students who are registered for exams-only For students who have maxed the support available from their funding body, we may be able to award a smaller amount. What can I get help with? You may be eligible for support if you struggle to manage your basic living costs. What costs are supported? shortfalls in living costs commuting costs to access studydebts that threaten your home or access to essential services unexpected or emergency costPostgraduate Research Students who have been impacted by Council Tax changesWhat doesn’t qualify for support? tuition fees non-essential debts anticipated costs Speak to someone Before applying for support, discuss your situation with the Welfare Advisors at the Students’ Association’s Advice Place. They can advise you on your application and help you access additional support. The Advice Place Applying The application form sites within EdHelp. You will need your University login to access the form. Documents required Any documentation that supports the information you provide in your personal statement. 8 weeks of statements from all the bank accounts you hold up to the application date, including digital savings accounts, ISAs, cryptocurrency, digital assets, social media wallets, overseas accounts and shared accounts. This includes WeChat, Alipay and Webo. Please note we must receive statements for EVERY bank account you hold even if there are no available funds in the account.8 weeks of statements from all the bank accounts your spouse or a partner you live with holds, up to the application date. If applicants are holding money for friends or family - this will be treated as your own available fundsEvidence of any income your receive, pay-slips, funding, or student loan award letters. Evidence of any debt you have, credit card statements or default letters. A copy of your lease if you rent. Proof of your mortgage or rent costs. Evidence of childcare costs you pay. Screenshots will not be accepted. Please supply full digital statements or documents, preferably PDFs. Scans of paper documents are also acceptable.Bank statements should be dated within a week of your application and show the:account holder name account number transaction details current balance. Information we will ask you for your fee status your family situation, partner, dependents and children your residency situation a personal statement explaining why you need financial support sources of funding you receive your living situation your financial situation and any debts you might have your UK bank account details how many installments you would like to be paid in to help budget Next steps When you submit your application, we will email you a call number. Quote this number when you contact us. Getting a decision We can receive up to 1,000 applications per year. We do our best to assess applications as quickly as possible. We start assessing your application once all your documentation has been received. Collect all the required documents before starting your application for a faster decision. You will receive an email about our decision.Your first payment will be transferred to your nominated UK bank account within 10 days, provided your bank details have been added. How is my application assessed? With limited funds, we must assess which students most need our help. Priority groups Priority will be given to students who are: lone parent care leavers/care experienced students estranged from their parents or guardians. students at risk of homelessness We evaluate how much money you have in income and savings and how much you spend on essential and non-essential expenses. If you have a shortfall, you may qualify for an award. We do this by assessing your household income, savings and spending using the documents you provide. We evaluate your essential expenses against a capped amount per week. Capped expenses table Cost23/24 ratesCommentsAccommodationUp to a maximum of £195 per week for a single personUp to a maximum of £230 for a couple/family(Monthly rent x 12)/52(Updated from £175 to £195 for session 22/23)Food£70 per week for all single students living in their own accommodation£25 per week for students in catered halls with full board or living at homeExtra £25 per partner/childExcluding takeaways and eating out.(Updated from £55 to £70 for session 22/23)Utilities - gas & electricity, broadband & telephone landline, mobile phoneUp to £55 per weekThese costs are not allocated to those in student accommodation or where the rent agreement includes utility costs.(Updated from £45 to £55 for session 22/23)Additional living costs, clothes, books, photocopying, travel£55 per week plus £10 per partner/childOnly relevant where a Council Tax Discount does not cover the accommodation.Council taxStudent’s share Recreation£50 per week plus £10 per partner/childThis includes TV subscriptions, social & sporting events(Update from £40 to £50 for session 22/23)Contents and other insuranceNo set value ChildcareCalculated separately Max total costs per week for a single person£425 Circumstances that may affect your applicationAwards will be reduced or refused in the following circumstances: Student loans – You have not applied for your full income-based student loan (if you are eligible). Savings - You have sufficient money available to you in savings. Non-essential overspending - You spend more than £500 per month on non-essential expenses such as takeaways, alcohol, eating out, clothing or recreation/entertainment. Gambling - You spend £100 or more per month on gambling Disputes, appeals and fraudulent applicationsWe hope that your application process goes as smoothly as possible. If you have any issues with our decisions, we have a dispute and appeals procedure that you can follow. If we discover that your application or any documents you provide us are fraudulent, we will investigate.Disputes, appeals and fraudulent applications ResourcesHelp managing your moneyWe want to be able to assist you with developing strong financial skills. Overspending can negatively affect your application.Get started by setting a budget.Create a budgetSave on essential billsSave on non-essential purchasesMoney and debt helpHelp with gamblingWe reduce or remove awards where we identify consistent regular gambling of £100 or more per month. This will also include matched betting. This is part of our responsibilities as a government funding provider. Should you need support for gambling, please see:Gamblers Anonymous Scotland GamCareGambling Therapy websiteNHS gambling support Frequently asked questionsCan I apply more than once?We aim to support as many students as possible. You can apply more than once during the academic year. Each case is considered on its merits at the time of application. However, previous applications - whether successful or not - will be taken into consideration. Where does the funding come from? Financial support for our students comes from two main sources - our University and the Scottish Government. If your application is successful, we will award you money from the fund relevant to your circumstances. I don't have a UK bank accountTo receive money from this fund you must have a UK bank account. Opening your first UK bank accountDownload a bank introduction letterI'm struggling to access my bank statements Having problems accessing your bank statements? (17.99 KB Word) Contact Scholarships and Financial Support Team Contact details Website: Contact Form Work: +44 (0)131 651 4070 - lines open Monday to Friday, 10am-4pm. This article was published on 2024-07-29