Arden University is responding to the ongoing cost of living crisis by providing financial support to eligible students through a recently launched hardship fund.
The fund, which is administered through the student-focused, financial wellbeing platform Blackbullion, will support those who have been assessed via the university’s emergency fund with an additional, dedicated monthly payment to go towards their energy bills.
It is hoped that the extra financial support will help students who may have otherwise faced financial difficulties due to the rising cost of living to continue on their journey with Arden and complete their studies.
The cost of living has risen globally in recent months, with energy bills a particular pain point for families due to a rise in the wholesale cost of gas.
After substantial increases in the winter, consumer group Which forecast that 22 million households will face a further rise in their energy bills of around £693 when the price cap is reviewed again in April.
Carly Foster, Head of Student Success at Arden University, said: “At Arden, we’re passionate about ensuring everyone, no matter their background, is able to study and work towards a career they are truly passionate about.
“The cost-of-living crisis presents a very real challenge for all of us, but for some of our students it could leave them concerned about whether it will be possible to maintain financial security while studying for their degree.
“We hope this support package will reassure these students at this uncertain time and provide some much-needed financial support as they complete their studies with us.”