Money and mental health: how financial wellbeing impacts students

What’s inside?

Money and mental health, especially in the lives of students, influence and crucially impact each other. Yet they are rarely addressed as equals.

While many students faced significant financial pressure long before, COVID-19 has amplified the precariousness of their finances. We commissioned research to better understand how money worries (and uncertainty about available support) impact students and their wider physical and mental health. 

This report explores the findings from a January 2021 survey completed by 1,000 university students, conducted by Censuswide on our behalf.

What is covered?

Key findings in this free, downloadable report include:

  • Can students afford to stay at university? Do they need to defer or drop-out? 
  • How big is the gap between what students need and what they have? 
  • How has financial wellbeing affected students’ mental health?

Who is the report for?

The report aims to help university and college leadership, support staff, and other HE providers gain a better understanding of the impact that financial concerns (exacerbated by COVID-19) are having on students. It also explores practical steps that can be taken to address this.