The level of compensation each student receives will depend on how many of their teaching modules were disrupted and whether they pay home fees or international fees.
Home fee-paying students will be handed £100 of compensation for each teaching module disrupted, up to a maximum of £600.
International fee-payers will receive £200 of compensation, with an upper limit of £1,200.
A module is classed as disrupted if "teaching has been missed due to industrial action and it has not been possible to repeat or replace", the university said.
However, the compensation formula does not take into account how many lessons within a module were affected by the strikes.
This means a student who had one lesson disrupted would receive the same compensation as another who had three lessons disrupted in the same module.
"We have taken a standardised approach calculated at module level, rather than total hours missed, so that compensation can be administered quickly to students, in line with the expectations from OfS," a university spokesperson said.