According to Save the Student’s 2026 National Student Money Survey, students in the Northeast spend an average of £1,150 a month. The average Maintenance Loan is £679 per month, leaving a reported difference of £471. Nationally, 82% of students have said they worry about making ends meet and 63% said they even skip meals to save money.
Amy Marshall, a student at Newcastle University said, “I’ve definitely found that you have to be more careful with money at university than I expected, especially when you want to still have a social life.”
But for Newcastle students, making the most of the city does not have to mean spending a fortune.
For something completely free, head to Jesmond Dene for a walk or explore the Quayside and Ouseburn.
For something completely free, head to Jesmond Dene for a walk or explore the Quayside and Ouseburn. Newcastle’s museums and galleries also offer free entry, making them an easy option when you want to get out of the house without spending loads of money.
Newcastle University’s Student Union Give It A Go programme is another option. It offers free and discounted activities throughout the year, with some events costing as little as £1. Activities range from sports and societies events to trips and crafts.
If you are struggling financially, there is support available. Newcastle University offers financial support for students experiencing serious or unexpected money problems.
Newcastle University offers financial support for students experiencing serious or unexpected money problems.
Eligible students can receive the Opportunity Scholarship, worth up to £2000 per year based on financial need or personal circumstances. There is also the university’s Activities Access Fund which can provide eligible students with up to £350 towards taking part in activities and societies.
Food is another area where small savings can make a difference. Save the Student found that students spend an average of £155 a month on groceries and £45 on takeaways and eating out. By planning meals, using supermarket loyalty schemes and checking apps such as Too Good To Go, you can help stretch that weekly budget.
Harry Marsden, a student at Newcastle University said, “I really love finding student deals to save money with UniDays and StudentBeans, I think my favourite is Black Sheep Coffee’s £2 drinks every Monday."
With student finances under pressure, enjoying Newcastle does not always have to come with a price tag. If it is a walk along the Tyne, a free museum visit or a £1 Student Union activity, there are ways to enjoy the city without watching your bank balance disappear.