Criteria Student Unions

Criteria for the FairLife Students’ Union Mark

The FairLife Mark is free to students’ unions and is awarded based on the institution’s own declarations. 

1. The first criterion is actively helping students to understand and manage their personal finances.

2. The second criterion is to raise awareness of the FairLife Charity on campus and in the wider community.

 Criteria detail and examples
1. The first criterion is actively helping students to understand and manage their personal finances.
Your organisation may already have established programmes, which we would encourage to display the relevant FairLife Financial Education or Guidance mark. 

Other steps toward meeting this criteria could include:

  • Highlight to students the help that is available on campus e.g. NASMA members offering advice.
  • Raise awareness of personal finance issues affecting the student community – provide helpful information including links to external sources of help.
  • Engaging with external groups such as StepChange (Debt Awareness Week) or The Money Charity (Student Money Manual).

The FairLife Charity encourages universities & colleges to share their best ideas and will be extending its website to facilitate this.


2. The second criterion is to raise awareness of the FairLife initiative within the institution and in the wider community.
This can be done opportunistically and could include:

  • Displaying FairLife posters (downloadable from the website).
  • Displaying information about the FairLife initiative at Freshers’ Fair or putting a flyer in a welcome pack.
  • Encouraging students to seek FairLife student current accounts.
  • Adding information about the Charity to University literature.
  • Displaying FairLife information during open days
  • Encouraging students to become Ambassadors for the FairLife Charity (see appendix 1).
  • Encouraging groups like the alumni to get involved
  • Asking suppliers and local firms to support the initiative
    • A simple email of support allows us to add their organisation to our growing supporters list.
    • A poster or window sticker helps to raise awareness.
    • They could also consider taking a FairLife Commitment Mark.  The Pension Funding Mark is available to any employer that pays or matches pension contributions of 5% or more and the Fair Creditor Mark to any companies that offer credit or allow customers to pay in arrears.

Encouraging local finance firms (from banks to credit unions) to consider offering FairLife products.  Ask them to get in touch or better still pass on their contact details (admin@fairlife.org.uk).

 

To download a summary of the mark click here

To download a licence for the mark click here