For the Money Champions scheme, UEL joined forces with local financial advice organisations to help students avoid getting sucked into debt.
For young people, going to university is often the first time they have lived away from home, and the first time they have had to manage their own finances. To help promote financial literacy among its undergraduates, UEL, in conjunction with Money A&E and Citizens UK, offered Money Champions.
Students were trained as money mentors to offer support and financial advice to fellow students who might have been reluctant or embarrassed to discuss their money worries with a professional.
Principal Lecturer Tim Hall, of the School of Social Sciences, supported the project.
“UEL sets great store in supporting students to manage their money wisely," Dr Hall said.
“This is particularly important given the ubiquitous nature of predatory lending today. The beauty of the Money Champions programme is that it enables students to share the skills they have acquired with each other and take them back to their communities."