I was confirmed a loan of £1500 from Student Finance but only got £400!!

raw_89

I'm in my final year at University and was confirmed a £1500 loan from Student Finance, but only received £400. I was also told about this change only 7 days before they were due to pay me!!!

has anyone got any advice?

JamesWMH

How did they inform you and what did it say?

I'm also in my final year and I got the normal amount.

raw_89

They informed me by post. A payment timetable was sent to me on the 31st March 2011, declaring what I will be receiving and on what dates. then I received another payment timetable of the same kind but with my final payment reduced from £1529.66 to £428.66 (-£1101), which was sent to me on the 22nd April 2011.

surly payments cannot be confirmed and then changed a week before they are due??

dmg24

What did they say when you rang them to query the change?

Common_Sense_2

have you called them and spoken to them?

raw_89

yes I called them and was told that because i'm in my final year they cannot support me immediately after I finish my degree (throughout the summer holidays). so surly because they knew my course was 3 years they shouldn't have promised me the funding, and therefore it is their mistake? I have written a letter of complaint but have no reply as of yet.

If they reply with no support then how am I to fund the gap from leaving university to finding a job? any advise?

Common_Sense_2

I was under the impression that a student loan was to help you whilst a student. As at the end of your course, you won't be a student, you cannot rely on the student loan.

Without sounding sarcastic, best thing to do is find a job as soon as you leave university. Failing that, you will have to rely on Jobseeker allowance until you do find yourself a job.

vuvuzela

raw_89 wrote: »

yes I called them and was told that because i'm in my final year they cannot support me immediately after I finish my degree (throughout the summer holidays). so surly because they knew my course was 3 years they shouldn't have promised me the funding, and therefore it is their mistake? I have written a letter of complaint but have no reply as of yet.

If they reply with no support then how am I to fund the gap from leaving university to finding a job? any advise?

The student loan is for when you are a student. After that, get any job you can to live from or move back to your parents if you have to.

ViolaLass

raw_89 wrote: »

If they reply with no support then how am I to fund the gap from leaving university to finding a job? any advise?

By looking for a job before you leave university.

koloko

deleted deleted deleted

Eastcote

It's clearly frustrating and and upsetting to be told at very short notice that the amount is to be reduced, but the fact of the matter is they have no legal obligation to honour a statement of payments which were sent with erroneous information on it I'm afraid, especially as they've sent you the correct information now, before making a payment to you.

Am I right in thinking your University course ends in June? I'd suggest that £400+ is a fair amount for 2 months.