Medical student Junior doctor Your finances and protection

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Tools, resources and advice


Use our student finance guides to help find your way through the world of entitlements, loans and bursaries, according to the UK nation you live in.

Keeping track of your finances, and ensuring you receive the support you need while studying at university, can be complicated, especially as a medical student.

We’ve pulled together some useful resources and tools to help you with your finances, so you can get on with studying, instead of worrying about your bank balance.

Royal Medical Benevolent Fund (RMBF)

Contact your MP to raise concern about proposals to scrap the NHS bursary for student nurses, midwives and Allied Health Professionals in England.

Email your MP now

The RMBF is a charity which helps doctors who are experiencing financial difficulties. Their comprehensive website offers advice on how to spend less and where to find funding to help support your training.

Connecting doctors

Join our Connecting doctors group for medical students, read about what other students are doing to keep their finances under control, get advice from BMA experts and let us know your experiences of what it's really like to study medicine.

Apply for funding and support as early as possible.

Most charity, bursary, grant and loan applications open as early as April of the year you intend to study, so it's important to apply as early as possible.
Remember, most charity bursaries and grants do not require you to pay back money you have received. However you will have to pay back loans, though not until you earn above a certain income threshold.

Check UCAS for more information.

Stay informed about deadlines, to ensure you don't miss out.

Check the deadlines for applications in advance and make sure you give yourself plenty of time to get your application completed. Some applications may require certified copies of your passport or educational qualifications, so it pays to get organised.

Be smart. Shop around.

Utilise online tools and financial calculators to create a realistic budget that you can live on whilst studying.

Financial comparison websites can also help in getting the best deals for your expenses, including mobile phone contract, utility bills and bank accounts. As a new customer you can often score great deals, so go out there, do your research and score a bargain.

Discounts for students.

Take advantage of discounts and offers for students and young people, like the Young Person’s Railcard from Network Rail, which gives you a 1/3 off all rail travel for a year.

Check the National Union of Students for a full list of discounts available on clothing, food, travel and more, for those with a recognised student card.

Help is at hand.

If you do find yourself in financial difficulty, get help early. You may be eligible to apply for a hardship loan. Your university will assess your circumstances and decide whether it is appropriate to certify a one-off additional loan amount between £100 and £500. Contact your faculty or student union for support and practical ways on how best to deal with your particular situation, and bring your debts under control as soon as possible.

What sources of financial assistance are available?

There are many scholarships in the UK to help students fund their higher education. There are many different types of financial support for which you might be eligible depending on your circumstances. For example, disabled students or students with adult dependents may be eligible for additional support.

BMA Charities

BMA Charities helps all doctors and their dependents, and medical students in times of financial crisis. Money is also available for graduates who want to take medicine as a second degree. Find out more about BMA Charities.

Scholarship Search

This resource provides a comprehensive guide to planning and organising student finances. It has a search facility for sources of funding according to the subject matter of your degree. It also has a budget planner and a loan repayment calculator to make planning your finances easier.

Brightside UNIAID

This charitable organisation that guides and supports young people to make informed choices about their future, providing them with accessible and impartial information about education, money and careers. They also have a handy student budget calculator to help manage your money.