Second Year Finance
Hi I'm in my first year at uni, and I read that you need to re-apply for student finance each year. If this is true then when should I re-apply and when would I receive the maintenance loan.
I'm starting to worry because I'm looking for accommodation and I've been given an offer but the contract starts in July and so I don't know if I can sign the contract because I might not have any money to pay rent.
Thank you.
I'm starting to worry because I'm looking for accommodation and I've been given an offer but the contract starts in July and so I don't know if I can sign the contract because I might not have any money to pay rent.
Thank you.
Original post by pwookie
Hi I'm in my first year at uni, and I read that you need to re-apply for student finance each year. If this is true then when should I re-apply and when would I receive the maintenance loan.
I'm starting to worry because I'm looking for accommodation and I've been given an offer but the contract starts in July and so I don't know if I can sign the contr6act because I might not have any money to pay rent.
Thank you.
I'm starting to worry because I'm looking for accommodation and I've been given an offer but the contract starts in July and so I don't know if I can sign the contr6act because I might not have any money to pay rent.
Thank you.
You do need to reapply every year however after first year it is simple to do and you don't have to send off all your evidence again. You won't be able to reapply yet as it is too early
Every year you get three payments which are usually in september/October, january and April. So you should get one more payment this year in April then you won't get any more money til you start attending second year. You can view your payments for this year on your SFE account to see how much you will get. If you have to pay rent starting July then make sure you have the means to pay for it out of your April payment (unless your parents will pay or you have a job etc). Don't sign a contract until you know you can pay the rent for it.
The third SF payment in your second year is designed to help support you over the summer, so this will give you a little extra. However, many students avoid rental contracts starting before September, precisely because that means they may be paying rent on a place where they don't live for two months.
Talk to your Student Union's Housing-Accommodation officer for advice. My undergrad uni had a list of local rental agents and one of the criteria they listed was whether contracts started before September.
And *never* sign a rental agreement if there's any risk that you might not be able to pay it. Private sector housing contracts are written to be legally difficult/impossible to get out of and the agent/landlord won't care that you can't afford it.
Talk to your Student Union's Housing-Accommodation officer for advice. My undergrad uni had a list of local rental agents and one of the criteria they listed was whether contracts started before September.
And *never* sign a rental agreement if there's any risk that you might not be able to pay it. Private sector housing contracts are written to be legally difficult/impossible to get out of and the agent/landlord won't care that you can't afford it.
(edited 8 years ago)
Quick Reply
Related discussions
- How is the teaching quality and content of Msc Finance at LSE?
- Can I switch to a placement year on the same course?
- Will student finance support my PGCE/PGDE?
- Allied health courses
- Student Finance Problem- Second Degree
- student loan for second year
- Non-Eu Student Finance Eligibility
- Am I entitled to tuition loan if I change course in 2nd year?
- student finance
- Funding
- Quitting uni - do I need to pay back my maintenance loan?
- Reapplying to uni
- i just registration my second course of MSC.
- REMINDER: Apply for Student Finance!
- Will student finance fund me ?
- 3 year finance course to 4 years with placement
- Will I get funding for the 2 years I have left?
- Transferring from the OU
- Dropping out of nursing
- Change of course - Will SFE pay for retaking my 2nd year on a different course?
Latest
Trending
Last reply 1 week ago
Can i receive student finance while on Universal credit and PIP?Posted 1 month ago
Student Finance ineligible, dubious reasons , re-evaluation and appealsLast reply 1 month ago
2024 applicants: do you understand how student finance works?Last reply 1 month ago
withdrawn from university due to non payment of tuition feesTrending
Last reply 1 week ago
Can i receive student finance while on Universal credit and PIP?Posted 1 month ago
Student Finance ineligible, dubious reasons , re-evaluation and appealsLast reply 1 month ago
2024 applicants: do you understand how student finance works?Last reply 1 month ago
withdrawn from university due to non payment of tuition fees
