How far in advance do you get your money?

xxdianexx

I am starting university next monday and was wondering when i should get my money (bursery) ive checked my account today and have not received it. Has anyone else received theirs yet or are we all in the same boat? i havent heard anything about when it is i should receive them.

Thanks in advance

xxdianexx

dmg24

It all depends on which university you are at, and which bursary you are getting.

I do not get my first payment until the end of October.

xxdianexx

Thanks for your reply, sorry i meant non- means tested maintenance grant, not bursary. I don't know if this changes anything though

Helix

I think your meant to get the loans and grants 3-5 days after you start. They scan the finance letter which you take to the university when you start and then send the money through a bank transfer.

a&akay

If your payments are to be made via BACS (Bank Automated Clearing System) you can expect the payment to be in your account within 3-5 working days of your Higher Education Institution (HEI) confirming your attendance

From the Student Loan site.

Swirlywurly

My uni never scan anything and never have in the three years i've been there.


Mine usually comes in the weekend before the term starts. But this time it is a week into the term and i don't know when my loan will come in because they've messed it up!

Perversia

If you're a new student at the university, it'll be a few days after you register and they've seen your payment scheduale etc. If you're continuing, you normally get it a few days before the start of term because you will have registered online/via post before term starts. If, like me last year, you have to register once you start back it'll be a few days later...unless you're uni forgets to tell SLC that you've registered and then you'll get it when you complain!

kr15snw

Haha youll be VERY lucky to get it before!!

When I enrolled last year I had to hand my student finance form in, we then all waited for 3 WEEKS!!! before they gave us our money. Apparently this is normal!

Hoping a bit earlier this year as Im rather skint And works been a bit short on the hours, so not much cash coming in.

MoneySavingStudent_2

Hello
just thought id mention i have receieved a letter this morning from student finance telling me exactly when i will receieve my payments.
Are the dates which they have sent me accurate or is it just a rough estimate?
cheers :-p