January loan drop: Get the most out of your new year bank balance

Finally, January's student loan has arrived in your bank account. Now to just make sure you don't spend all of it at once...

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How can I make the most out of my student loan?

We all know that being a student rarely means having a six-figure bank balance, so when you do get a little bit of a cash injection it’s important to make the most of every penny. Here are our tips to stretch your loan further this new year:

  1. Put your loan immediately into your savings. It’s harder to spend your loan frivolously if you have to go into your savings and transfer money to your current account before you tap that card.
  2. Always look for a student discount before you buy. Student discounts exist for a reason – for students to use them! Make sure you’re getting discounts on everything you can, from fashion to cinema tickets.
  3. Spend at least some of your loan on a big food shop. Eating out, especially takeaways, can gobble up a big chunk of your budget. The easiest way to curb this habit is to make sure you have a cupboard full of food, at a fraction of the cost, already at home.
  4. Treat yourself, just a little. You work hard (or at least we hope you do!) at uni, so you’re allowed to spend a little something on yourself. We’ve made a list below of some budget-friendly treats that we’ve had our eye on.

Our “treat yourself” shopping list

These are our picks for some value-for-money options, including several heavy discounts we spotted.

New Day New Slay Slogan Oversized Sweatshirt
New Day New Slay Slogan Oversized Sweatshirt

MissPap

Grey woven open back tie long sleeve shirt
Grey woven open back tie long sleeve shirt

PrettyLittleThing

Only aviator jacket in faux leather with contrast shearling
Only aviator jacket in faux leather with contrast shearling

ASOS

Doughnut Macaroon Lavender Backpack
Doughnut Macaroon Lavender Backpack

Urban Outfitters

Black wet look high waisted legging
Black wet look high waisted legging

PrettyLittleThing

Gaiam On-The-Go Yoga Mat Carrier, Grey/Citron
Gaiam On-The-Go Yoga Mat Carrier, Grey/Citron

John Lewis & Partners

Early Riser High-Waisted Workout Leggings
Early Riser High-Waisted Workout Leggings

Nasty Gal

Top student discounts

The best way to make your loan go further is to benefit from these exclusive student-only extra discounts!

JD Sports JD Sports

10% student discount

Last verified

Missguided Missguided

Extra 10% student discount

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Deal ends

Bondara Bondara

20% student discount

Last verified

Fat Face Fat Face

10% student discount

Last verified

Topman Topman

20% student discount

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Miss Selfridge Miss Selfridge

20% student discount

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Burton Burton

10% student discount

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Where to shop

Making ends meets as a student can be hard so when that loan comes in we know that you want to make it go as far as possible. That’s why we’d suggest hitting up these student-budget-friendly retailers.

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