Student finance payments and when does the money arrive?

Hey guys, so it says on my student finance that the payment is going to be made on the 19th which is tomorrow, which is also the date of my first uni day. But I recieved a text from SF saying that my money should be paid within 3 working days. This was on thursday. So I was curious how it works, is it automated, so for example is it possible we can be paid tonight midnight or will it not even be tomorrow? Does anyone have any experience with this?

Reply 1

Arianax

You won't get the money automatically into your account. I'm sure you can wait fresher isn't until the 26th anyway.

Reply 2

dimitriousk

Original post by Ishax

You won't get the money automatically into your account. I'm sure you can wait fresher isn't until the 26th anyway.

Really isn't at all about freshers, it's just about commuting there. I live in North, while the UNI is in South and I am in the process of looking for a new place but in the meantime I am broke.
& My freshers starts this Tuesday.

Reply 3

Arianax

Original post by dimitriousk

Okay, the latest the money will come is on Wednesday but I'm not 100% sure so contact student finance tomorrow morning.

Reply 4

markova21

Well my son, who applied to Student Finance Northern Ireland got his entire year's worth of money through in one go two weeks ago. He only started college last week, so I guess everywhere's different.

Reply 5

AmyPilot

Original post by dimitriousk

I don't think you will get the first payment until after you formally start and enrol and the uni confirm your attendance to SFE. I presume you are first year? My first payment came about 3-4 days after my first day - unless things have changed since then

Reply 6

Devify

It is kinda automated. As long as your enrollment has been confirmed by uni early enough, they send your loan to processing 3 working days before your payment is due as it takes 3-5 days to process and show up in your bank account. This means you will most likely get it Monday or Tuesday

Reply 7

dimitriousk

Original post by Devify

Hey, well I've gone for the open day on the 5th of this month and enrolled and I have my Card to use the facilities and I've completely registered. Does that play a role?

Reply 8

murpo

Universities Forum Helper

Original post by dimitriousk

Hey, well I've gone for the open day on the 5th of this month and enrolled and I have my Card to use the facilities and I've completely registered. Does that play a role?

you really need to phone up student finance and ask if the university has sent your confirmation of registration, you should of done this well before now - because if student finance says no then at least you could contact the university and ask why - this forum cant help you with that

Reply 9

dimitriousk

Just want to update you guys on the matter. The money has gone through, it seems as though it is automated as I just checked my account through the ATM. Thanks for all your support, I'm ordering a takeaway now! haha.

Reply 10

Klix88

Original post by markova21

Certainly the different regional bodies (SFE, SFW, SAAS, SFNI) can work very differently, as you've found.

Reply 11

I3ran

Original post by dimitriousk

Once you receive the money in your account, how much time do you have to pay university.I assume university is waiting for you to get that loan so you can pay them.

Reply 12

normaw

Clearing and Applications Advisor, Universities Forum Helper

Original post by I3ran

Once you receive the money in your account, how much time do you have to pay university.I assume university is waiting for you to get that loan so you can pay them.

Your tuition fees are paid direct to the uni by SFE (or the loan authority that is funding you). You don't pay the uni out of your maintenance loan. You will use this to pay for your accommodation and living costs.