Money - Hardship Funds and Emergency Loans: How to Apply for the Hardship Fund | Student Services (2024)

The University’s Hardship Fund provides a grant to students who find themselves in financial hardship due to unforeseen circ*mstances since starting the course. The purpose of the Hardship Fund is to provide support for students who would not otherwise be able to continue to study. The fund cannot help with tuition fee payments.

An application can be made to the Hardship Fund each academic year. All enrolled Loughborough University students can apply e.g. UK, EU and international students studying further education, undergraduate, postgraduate taught and postgraduate research courses. Students on a leave of absence are also eligible.

The Hardship Fund cannot be applied for in advance of your enrolment. You are expected to have planned ahead to have adequate financial provision in place for your studies. You should have secured / saved enough money to cover all your reasonable costs whilst studying and an expected income assessment is part of the Hardship Fund assessment process.

If you are a UK student and have not applied for your full entitlement of loans/grants, you will not be eligible for an award. Undergraduate students living independently over the summer and seeking help during the Summer vacation (mid-June to September) must apply to the Summer Scheme Hardship Fund. It is expected that students will attempt to find paid work or other means of supporting themselves over the summer.

Undergraduate students living independently over the summer and seeking help during the Summer vacation (mid-June to September) must apply to the Summer Scheme Hardship Fund. Financial assistance may be granted if students are living independently over the summer, possibly due to being a care leaver or estranged from their family. It can also help those who are from low-income backgrounds living in the parental home over the summer, students prevented from supporting themselves due to caring responsibilities or students who have other family, personal or health difficulties which make it necessary to stay in Loughborough. It is expected that students will attempt to find paid work or other means of supporting themselves over the summer but should explain if they have reasonable grounds for not doing so.

An award from this fund is not automatic and awards are granted according to individual circ*mstances. Students need to make a full application with the supporting documentation requested on the form.Please note that as part of the decision-making process, you might be asked to provide additional evidence to support your application.

If you wish to make an application you can download the application form and supporting documents under the ‘More Resources’ section of this page.

You should ensure you complete the form as fully as possible and collate all the necessary supporting evidence as a PDF. Incomplete applications will not be considered.

Applications must be submitted by email toHFapplications@lboro.ac.uk.

Receiving a Decision

Completed applications will be assessed, and a decision usually communicated within 28 days. A maximum of £2,500 can be received in any one academic year, but this depends on individual circ*mstances.

If your application is successful, payments will be made to the bank account details held on the University’s records. Awards in excess of £1,000 will normally be paid in instalments. If you have any outstanding Emergency Hardship Loans, it is usual to deduct the loan from any award you received from the Fund.

If your application is unsuccessful, you can seek advice as to your possible next steps.

Changes of Circ*mstances

If your circ*mstances have changed since you submitted your application within the same academic year, you can re-apply using a shortened application form (below) setting out the changes and providing relevant evidence.

Please note that if you have already received £2,500, you will not be eligible for anything further.

Applications must be submitted by email toHFapplications@lboro.ac.uk.

The change of circ*mstances application will be reviewed and there will be a fresh decision based on your original application and the new information you have provided.

It is recommended that you discuss your Change of Circ*mstances application with a Student Advice and Support Service adviser before re-applying. Please note that as part of the decision-making process, you might be asked to provide additional evidence to support your application.

Change of Circ*mstance form is below under the ‘More Resources’ section of this page.

How can the University Support you?

We strongly recommend that you contact the Student Advice and Support Service (SASS) for feedback on your draft form and supporting documentation prior to formal submission.

If your application is unsuccessful, you can also seek advice from SASS as to your possible next steps.

You can book an appointment to do this by phoning +44 (0) 1509 222765 or requesting an appointment online.

More resources

2023-24 Hardship form

Sample budget for Loughborough

Sample budget for London

Change of Circ*mstances form

How applications are assessed

The Hardship Fund Summer Scheme is intended to help undergraduate students who face financial difficulties during the summer vacation. Please click the tile below for further information about Summer Scheme applications.

Summer Scheme Hardship Fund

Last Updated: 22nd August 2024

Money - Hardship Funds and Emergency Loans: How to Apply for the Hardship Fund | Student Services (2024)

FAQs

What to say for a hardship fund? ›

You'll need to provide bank statements to show that you're in financial hardship. They may also ask for rent details as this is often the greatest expenditure of any student, and is where most people struggle.

What is a hardship fund? ›

It's a way to help with rising or unexpected costs, lessen the impact of sudden illness or unemployment - or offer support when it's a struggle to make ends meet. The Hardship Fund is a fast and flexible way to get assistance. We can only accept applications from referral partners pre-approved by the Greggs Foundation.

How can I get money if I'm struggling? ›

Facing financial hardship
  1. Food assistance. ...
  2. Unemployment benefits. ...
  3. Welfare benefits or Temporary Assistance for Needy Families (TANF) ...
  4. Emergency housing assistance. ...
  5. Rental assistance. ...
  6. Help with utility bills. ...
  7. Government home repair assistance programs.

What is the Texas financial hardship program? ›

HHS offers cash assistance to Texans going through tough times. The Texas Temporary Assistance for Needy Families (TANF) program offers cash to help pay bills, buy food, and help see your family through. TANF helps families pay for basic living needs.

How do you claim hardship? ›

To prove your tax hardship to the IRS, you will need to submit information about your financial situation to the federal government in a hardship request. This is done using Form 433A/433F (for individuals or self-employed) or Form 433B (for qualifying corporations or partnerships).

How do you prove you are in financial hardship? ›

There are several ways to prove loss of income:
  1. Layoff notice.
  2. Unemployment benefit letter.
  3. Pay stubs showing reduced hours and income.
  4. Notice from employer of reduction in hours or pay.
  5. Financial statements for your business.
  6. Previous tax returns to show change in income.
  7. Bank statements showing change in deposits.
Feb 12, 2024

How much hardship payment can I get? ›

This is roughly 60 per cent of the amount of the sanction. The amount of the Hardship Payment you get is the daily rate multiplied by the number of days the sanction lasts. A Hardship Payment is only paid for a limited number of days.

How do you get through financial hardship? ›

How to Prepare for and Survive Financial Hardship
  1. Build an emergency fund. ...
  2. Include savings in your spending plan. ...
  3. Maintain health care coverage. ...
  4. Use credit wisely. ...
  5. Act quickly to reduce spending. ...
  6. Assess your short-term situation. ...
  7. Ask about dislocated worker services. ...
  8. Look into unemployment insurance.
Apr 30, 2024

What falls under a hardship loan? ›

Hardship personal loans are a type of personal loan intended to help borrowers overcome financial difficulties such as job loss, medical emergencies, or home repairs. Hardship personal loan programs are often offered by small banks and credit unions.

How to get money urgently? ›

Types of Quick Loans

There are plenty of quick loans and emergency funds one can avail of, depending on the need and urgency. Some of the common options are payday loans, personal loans, credit cards, and lines of credit. Payday Loans: This loan is typically small, short-term loans that are due on your next payday.

How do you get money when you desperately need it? ›

If you borrow money from friends or family, it's best to draw up a contract formalizing the terms of the loan.
  1. Liquidate Your Assets. ...
  2. Take on Odd Jobs. ...
  3. Track Down Loose Change. ...
  4. Organize a Garage Sale. ...
  5. Tap Your Retirement Account. ...
  6. Part With Your Plasma. ...
  7. Borrow Money From Friends or Family.

How can I get cash fast when broke? ›

There are some ways to get cash fast, including selling or pawning something and freelancing. You could also ask your job to pay you earlier than normal or get a loan from a family friend or relative. Avoid risky ways to get fast cash, like a payday or title loan.

What is the emergency cash grant in Texas? ›

The Emergency Solutions Grants program, formerly the Emergency Shelter Grants Program, is a competitive grant that awards funds to private nonprofit organizations, cities, and counties in the State of Texas to provide the services necessary to help persons that are at-risk of homelessness or homeless quickly regain ...

Is the $36,000 financial hardship loan legit? ›

You're contacted and told that you're pre-approved for a financial assistance loan (typically $37,000). Be cautious, even if it sounds like you're talking to a real person; scammers have begun using AI voice clones to make their schemes seem more convincing [*].

What is Texas grant money? ›

The Texas Legislature established the TEXAS Grant to provide aid to Students with financial need who are attending a Texas public University or health-related institution.

What is an example of a hardship statement? ›

Financial Hardship Letter Template + Sample

I am writing this letter to request assistance with my personal loan during a time of financial hardship. Approximately two weeks ago, I was let go from my job due to company-wide layoffs. As a result, I have been unable to continue making regular payments on my loan.

What are the words for financial hardship? ›

Also called economic burden, economic hardship, financial burden, financial distress, financial stress, and financial toxicity.

What do you say to someone going through financial hardship? ›

Let them know that you are there for them and that you care about their well-being. You can send a quick text or give them a call to check in and see how they're doing. Talking to someone who is going through financial problems can be tough, but it's important to offer support and empathy.

How do you express financial hardship? ›

Tips for Writing a Hardship Letter
  1. Keep it original. ...
  2. Be honest. ...
  3. Keep it concise. ...
  4. Don't cast blame or shirk responsibility. ...
  5. Don't use jargon or fancy words. ...
  6. Keep your objectives in mind. ...
  7. Provide the creditor an action plan. ...
  8. Talk to a Financial Counselor.

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