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With first round CAO offers issued last week and many students preparing to take the first steps of their third-level education journey, the team at Drogheda Credit Union have put together some practical tips and information on financial supports for all students starting college this September.
Whether you’re moving away from home for the first time or commuting to campus, some planning can go a long way in making the transition to third-level education a little smoother.
1. Create a Monthly Budget
One of the biggest adjustments for new students is learning how to manage their finances independently. Everything from accommodation and transport to food, and study materials, costs can quickly add up. Taking time to create a monthly budget can help you stay on track and avoid unnecessary financial stress.
2. Plan for Essential College Expenses
College often comes with upfront costs, including registration fees, tech, and accommodation deposits. Making a list of these expected expenses before you start College can help you prepare financially and avoid any last-minute surprises.
3. Take Advantage of Student Discounts
Many retailers, transport providers, subscription services and some food outlets offer student discounts. Be sure to take full advantage of that new student card.
4. Get Organised Early
From timetables and campus maps to accommodation arrangements and transport schedules, getting organised before the first day can reduce anxiety and help you settle into college life.
5. Know Your Financial Support Options
Understanding the financial supports available can help ease the pressure of managing college costs and allowing you to focus on your studies.
Drogheda Credit Union offers a reduced-rate student loan at just 5.9% (6.08% APR) to help with managing these costs. The Student Loan offers a special rate designed to cover registration fees, accommodation, equipment, and other college-related costs. Our aim is to ease financial pressures, allowing you to focus on learning and, eventually, earning in your new career.
Applying for a Student Loan is straightforward, with members able to apply online, through the Drogheda Credit Union mobile app, or in person at branches in Drogheda, East Meath, Dunleer, Trim and Slane.
For more information on Drogheda Credit Union’s Student Loan, contact the lending team on 041 983 8496, email info@droghedacu.ie.
