In 1982, OUSA established the Open University Students Educational Trust (OUSET) to help those students who were in financial need but did not qualify for assistance from elsewhere.
Both OUSA and the Open University have been very gratified that after many years of campaigning, some of the worst forms of discrimination against part time students have at last begun to be addressed. However, despite all these advances, there are still those students in financial need who fall through the net and this is where OUSET comes into its own.

O U students who are in financial difficulty can apply to the Trust for assistance, including postgraduate students and students studying outside the U K. However, as the funds available are relatively small, the Trustees use a set of criteria on which to base their decisions. These criteria are reviewed annually so that changes in government funding regulations can be taken into account. The current criteria are set out below.
Current criteria November 2008
The Trust will consider applications:-
The Trust will not consider applications:-
If you meet the criteria and wish to apply you should contact the Secretary to the Trust for an application form which is only available from OUSA Office. You should contact the Secretary to the Trust by telephone on +44 (0) 1908 652026 , by email ouset@open.ac.uk or by letter addressed to OUSET, OUSA Office, PO Box 397, Walton Hall, Milton Keynes, MK7 6BE.
The majority of funds for OUSET are raised by OUSA members. Year on year, students use their ingenuity and their expertise to come up with ever more interesting ways of raising money on behalf of those students in financial need. Good money spinning schemes are regularly recycled and include raffles, sales of second hand books and pub quizzes to name but a few. When the mood strikes, more daring deeds are undertaken and have included sponsored parachute jumps, bungee jumping and impressive feats of cycling and rowing. OUSA's Vice President Student Support leads the Executive Committee's efforts on fundraising and is always happy to hear from those wanting to lend a hand.
However the money is raised, OUSA is always grateful for the support it receives from its members and the wider Open University community whether it be in making a small donation or buying a raffle ticket; being one of those attempting brave and daring deeds or one of those helping to promote and run a fund raising event.

If you would like to be involved in raising money for the student charity you can contact your local OUSA branch or the OUSA Office.
You can find the full OUSET Guidelines by following the link below.
OUSET guidelines
There is a range of financial support available through the O U to help you pay for fees and study costs. Even if you are working and have a household income as high as £30,000 (more if you have dependants) you could be eligible for financial support, depending on where you live in the U K. For more information, follow the link below.
O U financial support website