Chris Larmer, Student Loans Company Executive Director,
Operations provides an update on Maintenance Loan payments.
This week SLC has completed the majority of first term
Maintenance Loan payments to new and returning students. So far
this year we have advanced £2.8bn* of funding and we will
continue to make payments to students who are starting courses in
the coming weeks.
SLC exists to enable students to invest in their futures through
higher and further education by providing access to trusted,
transparent, flexible and accessible student finance services. We
are delighted that this year we look set to support more students
than ever before – processing and paying a record number of
student finance applications.
Although the majority of students will now have received their
first payment, not all of them will get their full entitlement
straight away. Eligible applicants who applied late (after the
deadlines) will be awarded the minimum Maintenance Loan amount
first followed by a top-up payment if they are entitled to more
funding. To help speed up the process, students are advised to
check their online accounts and send any evidence they have been
asked for straight away. Students can find out more
about how to get their first student finance payment if they have
applied late online.
Our telephone lines remain busy and we continue to urge students
to seek answers to their payment questions online first,
where they will find information to help with their query. I
would like to thank applicants for their patience to date and
remind them that they can view their payment status anytime via
their online account - watch our film to find out more.
I also recommend that they check out our online payment
guide which covers the most common payment questions.
As well as making Maintenance Loan payments to the remainder of
students, this month will also see us make Tuition Fee payments
to universities and colleges on their behalf. This is a critical
part of our work, and key to our vision of enabling student
opportunity.
Students can stay up to date with all the latest student finance
information by following Student Finance England on Facebook, Twitter, and Instagram.
*Please note these are provisional figures. Full year figures are
published in our Student Support for Higher Education statistical
release which will be published on 25 November.
