does anyone know when we'll get our student loans, grants and bursuries paid?

saver2006

are we gonna have to wait till we're at uni to get our loans, grants and bursuries?

missk_ensington

Its normally a few days before or after the day of your new term. Mine normally come through a week or so before the first day

elisebutt65

Yup - they swipe the bar code off your financial staement thing from loans company on your induction day and you get it in your bank a few days later

SamMoffatt28

Mine from slc is being paid on 18th of this month. I wont have started uni though which i think is a bit odd - but lucky for me as I need to get some decent new clothes and stuff for when I start.

lisa_75

SamMoffatt28 wrote:

Mine from slc is being paid on 18th of this month. I wont have started uni though which i think is a bit odd - but lucky for me as I need to get some decent new clothes and stuff for when I start.

Mine always gives a date before I start, but you won't actually get paid until you enrol. You enrol, then the students loan company are informed and then it takes about 3 days to go into your bank account.

lisa_75

moneysavingexpert2006 wrote:

are we gonna have to wait till we're at uni to get our loans, grants and bursuries?

Yes. You usually get paid 3 working days after you enrol. This is to make sure you actually enrol and that they don't pay anyone a student loan who is not enrolled on a course.

SamMoffatt28

lisa_75 wrote:

Mine always gives a date before I start, but you won't actually get paid until you enrol. You enrol, then the students loan company are informed and then it takes about 3 days to go into your bank account.

Thanks! I iust read the letter properly and it does say available from 18th but will be credited into my account 3 days after they receive confirmation of my enrolment onto the course! I thought it seemed too good to be true, lol! :rolleyes:

DrFluffy

Yes - you do not get paid anything until you enrole. It's usually 3-5 days then until your first installment hits your account...

The final two 'payments' of the year are automatically addedd to your account on the 1st day of your new term...

DrFluffy

SamMoffatt28 wrote:

Thanks! I iust read the letter properly and it does say available from 18th but will be credited into my account 3 days after they receive confirmation of my enrolment onto the course! I thought it seemed too good to be true, lol! :rolleyes:

That's because a lot of unis will allow early registration - especially if you are a returning student (i.e. year 2, 3, etc). The money is in place to match...

saver2006

DrFluffy wrote:

Yes - you do not get paid anything until you enrole. It's usually 3-5 days then until your first installment hits your account...

The final two 'payments' of the year are automatically addedd to your account on the 1st day of your new term...

so you mean one third of your total student loan for the year gets paid- what about your grants and bursuries? are they paid in installments too as well as at the same time as the student loan?

lisa_75

moneysavingexpert2006 wrote:

so you mean one third of your total student loan for the year gets paid- what about your grants and bursuries? are they paid in installments too as well as at the same time as the student loan?

Yes, they are spilt into 3 payments and paid at the same time as your student loan.