Your Guide to Recovery: Gambling & Debt


In our Autumn Cost of Living survey, did you know a staggering 61% of our Hallam students said they relied on credit or other support just to get by?

At Sheffield Hallam Students' Union, we recognise that you, our students, are more than a statistic. Every student at Sheffield Hallam University is different and faces unique challenges, so whilst some do not appear to be struggling, our sources say otherwise.

As we near the festive period, many struggling students will feel tempted by the lure of quick cash and instant gratification as they turn to gambling and pay-later schemes such as Klarna.

"What do we want? Instant gratification. When do we want it? Now." (Source: unnamed Sheffield Hallam student and gambling enthusiast, 2022)

All joking aside, it's understandable why so many students turn to credit agreements and gambling to save face during the festive season and beyond.

Gambling can cover many sins, and whilst we're not saying gambling is inherently bad, we know students can fall prey to the allure of quick cash and easy money, especially in desperate times.

Did you know that 80% of students have gambled, and 19% have used money from their student loan to gamble?

Gambling can adversely affect your wellbeing and 41% of students reported gambling had a negative impact on their overall experience at university.

How might the Cost of Living Crisis increase participation in gambling?

46% of students suggest that money as the reason they have taken part in gambling and 34% expressed that pressures from peers influenced their decision to take part in gambling.

Not sure where to begin?

Here are some useful resources to help you manage debt and gambling.

Self-help gambling resources

Other helpful resources

Have you been affected by any of the issues raised in this article?

Contact our Student Advice Centre who can offer you free, confidential, and independent advice on a range of different topics, including funding, housing, and academic issues.