There are over 7 million students in the UK (NUS, 2012). Many of these students will have questions of some sort about their finances during their studies. This will vary from those that aren't sure what to put on their funding application, those that enter university with existing financial commitments, individuals hoping to improve their budgeting skills, and students considering their finances beyond their studies. Support is available for these students in universities, colleges, and students' unions, and also from the National Association of Student Money Advisers (NASMA).
NASMA is a registered charity, with the following aims:
- to advance education about student finance and disseminate good practice in respect of all areas of student money and student finance advice; and
- to relieve the poverty of students through the promotion, provision, and support of professional money advice for higher education students in the FE and HE sectors, with particular emphasis on student finance, and student debt; and
- to provide advice, information and training to student money advisers, and administrators of discretionary funds and bursaries.
NASMA rely on income from membership subscriptions and training attendance to fund development of resources and support for NASMA members, the wider advice sector and for students.
What NASMA have done recently:
- In Summer 2012 NASMA launched a smartphone application. This includes a budget calculator, details of key student dates, contact details for reaching advisers, and lots of information about student funding.
- During 2011-12 we delivered training to over 320 practitioners about financial capability, welfare benefirts, and forthcoming changes to student funding, helping to ensure that advice given by those working in universities is accurate and accessible.
- During Summer 2011 we completely redesigned the NASMA website, concentrating in particular on the information and resources available for students. In August 2011 we saw a 1,136% increase in website hits compared to August 2010.
- In March 2011 we organised and co-ordinated the first ever National Student Money Week. During the week alone we reached over 300,000 individuals with information relating to student funding and advice; challenging myths, providing innovative ways to engage students, and raising the profile of available support.
If you would like to support the ongoing work of NASMA and development of further projects to support advisers and students you can make a donation here: