News Technology

University Living and FlashAid Launch first-ever Post-Study Safety Net for International

University Living and FlashAid Launch first-ever Post-Study Safety Net for International

University Living, a leading global student housing marketplace, has partnered with FlashAid to launch Uni Extended Stay, a first-of-its-kind financial safety net designed to support international students in the UK during their transition from university to employment. 

Under this initiative, eligible students can receive up to £2,400 (*INR 2,68,000) in rental reimbursement over six months, ensuring housing stability as they embark on their careers. The initiative is now live, and students who have graduated with a minimum 70% academic score and are unemployed at the time of claiming benefits can apply.

Uni Extended Stay provides 50% rental coverage for the first three months (capped at £300/month) and 80% for the next three months (capped at £500/month), with a seamless claims process managed through FlashAid. In addition, ‘Uni Extended’ stay will provide a comprehensive solution with coverage of up to INR 2 lakh, free flight tickets to India, including dental, additional medical services worth £400 in India. It also includes 24×7 teleconsultation and mental well-being support, ensuring students have access to essential healthcare when needed. 

Saurabh Arora, Founder and CEO, University Living, commented on the partnership:
“At University Living, we understand that the transition from university to a professional career can be both exciting and uncertain for international students. Many students face financial stress while job hunting, making stable housing a top priority. Through UL – Uni Extended Stay, we are bridging this crucial gap by providing structured rental assistance, ensuring students have a secure place to stay as they focus on their career aspirations. Our collaboration with FlashAid reinforces our mission to support students beyond university, empowering them to take the next step in their journey with confidence. By reducing financial stress, this initiative also enhances students’ overall well-being, mental health, and career readiness—ensuring they can transition into their professional lives with greater stability and confidence.”

Students can easily claim benefits through FlashAid’s digital reimbursement portal: https://www.universityliving.com/UES ensuring a hassle-free experience. 

Required documents include a university-issued certificate confirming unemployment, registration with job placement agencies, and evidence of job-seeking efforts, such as application records and interview outcomes. However, the plan does not include unemployment due to visa issues, legal violations, or voluntary resignation.

Commenting on this, Manoj Gupta, Founder and CEO from Flashaid said: “Securing a job and stable housing after graduation is a challenge for many international students, and financial uncertainty can make this transition even more stressful. At FlashAid, our goal is to provide a safety net that enables students to focus on their aspirations rather than worrying about rent or healthcare costs. Our partnership with University Living ensures that students have the right support when they need it most helping them confidently step into their professional lives. By easing financial burdens, we are strengthening student well-being and ensuring they have every opportunity to succeed.”

Looking ahead, University Living and FlashAid plan to expand UL – Uni Extended Stay beyond the UK, tailoring the initiative to students in other study destinations. By addressing key financial concerns, this partnership aims to create a holistic post-study support system for international students worldwide.

About University Living

University Living Accommodation is a community-based global student housing managed marketplace, providing students with safe, comfortable, and affordable accommodation options across different countries. Our innovative platform seamlessly integrates technology to empower students with a vast selection of accommodation options, boasting over 2 million beds across 515+ student-centric cities spanning the UK, Ireland, Australia, Europe, USA, and Canada.

The company generates annual traffic of 8 million annually and has assisted 2 million students to date from 110+ nationalities. University Living has built an organic marketplace for student accommodation, and the focus has always been to stay ahead of the curve, which makes the company a tech-enabled and content-led product. UL is an award-winning organization with a GBV of 500 million and more than 15 million nights in just 8 years. Being a category creator with a decade of experience, the company offers hassle-free booking services, transparent pricing, and 24/7 assistance to ensure a seamless post-admission experience for students. www.universityliving.com

About FlashAid

One of FlashAid’s flagship solutions, the “Student Total Protect” plan, provides a comprehensive safety net covering tuition protection, health coverage, and career placement assistance. With partnerships spanning over ten educational institutions and plans to expand beyond 100, FlashAid is setting new benchmarks in education-focused financial security. The company’s rapid growth and impact have drawn strong investor confidence. In April 2024, FlashAid secured $2.5 million in pre-Series A funding led by Piper Serica Angel Fund and global VC firm SOSV. With an annual run rate (ARR) of $1 million and an ambitious goal of reaching $10 million ARR within two years, FlashAid is scaling across six new cities and strengthening its network of over 20 platform partners. To date, the company has distributed more than 30,000 health covers, reinforcing its commitment to financial inclusion. With cutting-edge technology at its core, FlashAid is shaping the future of embedded insurtech, delivering financial security where and when people need it most.

*Conversion rate of GBP to INR as of April 3, 2025.

See More >>>>

theinspirespy

About Author

Leave a Reply

Theinspirespy @2024. All Rights Reserved.