Thursday, 1 September 2016

Make sure you get your student finance payments!

Now that results day is out of the way, you’re likely to know which university or college you’re headed to later this month – but have you made sure your student finance is sorted?

Student Finance England has some words of advice to help make sure you get paid on time.

If you’ve applied online, log back into your student finance account and check that your application has been approved. You also need to make sure you’ve sent in any supporting evidence that we’ve asked for.

If you’ve done all of this, you shou
ld have had a letter from us by now telling you how much support you can get. This letter will tell you how much your payments will be and when these are due. But before we can make these payments, you must register at your university or college.

We pay loans in three instalments – one at the start of each term. The Maintenance Loan goes directly into your bank account, while the Tuition Fee Loan goes directly to your university or college.

To make sure the money arrives on time, you need to check that your bank details are up to date. You can do this by logging into your account. You’ll also be able to check payment dates and the status of your application.

You should allow a few working days for the money to reach your account – and if it’s still not there, you should contact your bank before you contact us.

Our ‘Getting paid’ playlist explains how easy it is to make sure you get paid on time.

Our student finance zone also has some tips on how you can make sure you get your money in time for the start of your course.

You can also follow us on Twitter – @SF_England – and like us on Facebook for important news and updates.

Good luck!

No comments: