student finance payment tomorrow?

Basically my payment date for this term says 07/01/2013 which is obviously on this Monday coming.

But yesterday next to the payments it said 'prepared' and today it changed to 'submitted'

will it change to paid tomorrow and will i be paid tomorrow?

I thought the day after it says submitted you get the money?

thanks for any help

Reply 1

BANS2012

13

I don't have a definiate answer
But from previous experience with student finance, it is likely that it will show on your account balance
tomorrow. However, it's most likely that It will not be avaliable to you until Monday(7th) So don't go spending it yet :P
Ive always had payments due on Monday, but got it on the Friday by my bank never actually said it was 'Avaliable balance' just 'account balance'

Reply 2

Rakas21

21

Original post by confirmed

Basically my payment date for this term says 07/01/2013 which is obviously on this Monday coming.

But yesterday next to the payments it said 'prepared' and today it changed to 'submitted'

will it change to paid tomorrow and will i be paid tomorrow?

I thought the day after it says submitted you get the money?

thanks for any help

It means that they've released the funds so its however long your bank takes (upto 4 days generally).

Reply 3

katyness

16

This is really good news! I thought I was going to be broke 'till the 21st :biggrin:

Reply 4

confirmed

OP

2

Original post by katyness

This is really good news! I thought I was going to be broke 'till the 21st :biggrin:

haha same! I currently am living off of £3.85 :/ :eek:

Reply 5

confirmed

OP

2

Original post by BANS2012

I don't have a definiate answer
But from previous experience with student finance, it is likely that it will show on your account balance
tomorrow. However, it's most likely that It will not be avaliable to you until Monday(7th) So don't go spending it yet :P
Ive always had payments due on Monday, but got it on the Friday by my bank never actually said it was 'Avaliable balance' just 'account balance'

Ah thank you :smile:

hopefully itll be in there tomorrow!

Reply 6

Knalchemist

14

If you're with NatWest your money will most likely go in tomorrow, as my student loans have always gone in on a Saturday.

Other banks don't allow money to go in on Saturdays, so would show in on the Monday.

Just to make people aware - everyones payment date is different. So not every student will receive their next payment on Monday, it is dependent upon your Universities term dates etc.

Reply 7

katyness

16

Original post by confirmed

haha same! I currently am living off of £3.85 :/ :eek:

Damn you, January sales!!! :angry:

Original post by Knalchemist

Just to make people aware - everyones payment date is different. So not every student will receive their next payment on Monday, it is dependent upon your Universities term dates etc.