Clare Funding Guide

The University of Cambridge estimates living costs for the 2019-20 academic year as £9,420 for home students and £10,950 for students from overseas. There is a vast amount of money available to support students with these living costs. Sources of funding for living costs represent the first section of this guide.

Additionally, the University, the UCS, and Clare College offer a wide variety of funds designed to enrich your experience at university through travel, language learning, sports, and other pursuits.

All of this and more is detailed in our Clare Funding Guide. This non-exhaustive guide, produced by the UCS, has a lot of information about finance at Clare.

Budgeting and Bank Accounts

For many of you, this will be the first time you will have to manage your day to day expenditure. It’s a good idea to have a think about this before you arrive.

Add up all the money you’ll get from loans, any savings you have and any other sources of income. Subtract from this your fixed expenditures like rent and other charges (more on this later), and then work out how much you have left per week. Do keep track of how much you’re spending, and make sure you check your bank balance and Buttery bill at least a few times a term. On this note, having online banking is invaluable, and easy to set up.

Having a student bank account is also a good idea. Most banks offer them for free. These accounts usually include large interest-free overdrafts, which are a useful buffer whilst you wait for your loan to come through. Remember that you will have to pay your overdraft back at some point, so only borrow what you can afford. See the Clare Funding Guide for more information.

We would also recommend looking into ethical banking. Some popular banks provide loans to environmentally damaging or unethical ventures, such as fossil fuel extraction, and you can vote with your money by banking with an ethical bank. You can read more about it in the Clare Funding Guide and this BankSwitch website in particular.

Finally, NEVER compare your spending to anyone else’s. Everyone’s financial situations are different, so don’t get sucked into spending more than you can afford.

College Bill

The college bill is paid at the start of each term and at the end of the academic year. It covers a variety of costs, which are explained below. The bill must be paid by the deadline stated on it to avoid late payment charges. The bill can be paid by cheque or bank transfer.

The bill covers:

  • University and College Fees: The portion of the fees you are required to pay for your educational costs that term. The amount will depend on your fee status (Home, EU, or international). If you have a student loan, your fees are paid directly to College, and so this section won’t appear on your bill.
  • Residential Charge: The term’s rent for your room, typically between £1200 and £1400.
  • Kitchen Fixed Charge (KFC), now rolled into rent: A charge incorporated into rent and levied by College, which goes towards the running of the kitchens. This acts as a subsidy for meals in the Buttery and Formal Hall. Fourth year students living out of Clare accommodation can opt-out.
  • Meal Charges: The money you’ve spent in the Buttery and on Formal Hall (Note that the amount you’ve spent can be checked online on the UpayChilli website, and appears on the till whenever you use your Uni card in the Buttery).
  • Computer Connection: Fixed charge for connecting to the internet in Clare. You can opt-out on Clare’s website (

If you have any problems paying your College bill, contact the Clare Bursary as soon as you can. For example, student loans have been known to come through late, and if you are waiting for this money to pay your bill, the Bursary will be very understanding.

If you have any other financial difficulties you can contact Dr Parker (gfp1000 [at] cam [dot] ac [dot] uk ), the Financial Tutor, who will be happy to help you in any way he can.

There is money available from both the college and the University, and these grants are very much worth applying for if you are eligible. If you need help applying, or have any questions regarding finances, you can contact your Tutor or the Financial Tutor. For more general enquiries you can always contact the UCS Treasurer.

Hardship Funds and Bursaries

The Clare Funding Guide details the major sources of funding available to most people, including student finance, bursaries, and college grants.

If you are a Home student, you will automatically be assessed for a bursary when you apply for a fee loan. There is less funding available for international students, but the Cambridge Trust does provide financial support. Bursaries are available to those students whose household income is below £42,500. If your household income is below this level and you have not received notification that you will receive a bursary, you should contact the Financial Tutor.

The college also has some funds available for those who find themselves facing unexpected financial problems. If you find yourself in a financial difficulty and wish to be considered for a college Hardship Grant, speak to your Tutor in the first instance. Your Tutor is likely then to refer your case on to the Financial Tutor, Dr Parker.