Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    1
    ReputationRep:
    Hi,

    Does anyone know when the first payment of the student loan from Saab will be?

    Thank you


    Posted from TSR Mobile
    Offline

    1
    ReputationRep:
    I actually wanted to know too. How payments are laid out and when the first one is usually made. Does anyone know? Would be greatly appreciated!
    Offline

    0
    ReputationRep:
    Student loan company will issue letter of payment dates around one month before your course starts, the first date may state it's before your course starts but no money will be paid until ur uni or college either send an electric signal to student loan company, or, they scan your SLC letter which will release payment. It takes 3-5 days to go in bank and firstv payment will be a double payment. Followed by ten more monthly payments usually on the 7th (this only applies to saas and Scotland) :-)

    Posted from TSR Mobile
    Offline

    1
    ReputationRep:
    (Original post by debbiedear)
    Student loan company will issue letter of payment dates around one month before your course starts, the first date may state it's before your course starts but no money will be paid until ur uni or college either send an electric signal to student loan company, or, they scan your SLC letter which will release payment. It takes 3-5 days to go in bank and firstv payment will be a double payment. Followed by ten more monthly payments usually on the 7th (this only applies to saas and Scotland) :-)

    Posted from TSR Mobile
    Thanks, that helps a lot
    • Thread Starter
    Offline

    1
    ReputationRep:
    (Original post by debbiedear)
    Student loan company will issue letter of payment dates around one month before your course starts, the first date may state it's before your course starts but no money will be paid until ur uni or college either send an electric signal to student loan company, or, they scan your SLC letter which will release payment. It takes 3-5 days to go in bank and firstv payment will be a double payment. Followed by ten more monthly payments usually on the 7th (this only applies to saas and Scotland) :-)

    Posted from TSR Mobile
    Thank you for your help



    Posted from TSR Mobile
    Offline

    0
    ReputationRep:
    no worries i know im not the only one going crazy bout it lol. im a bit disappointed because saas have issued my award letter but iv been told to ignore it because it isn't the full amount i applied for (theyre still processing my documents i originally applied may 5th but i didnt send in docs til july 10th) so basically i still don't know when i'll have my payments, they say it takes 28 days to process docs urgh! :-(
    Offline

    0
    ReputationRep:
    Got my letter in from SLC this morning. Payment schedule as follows...

    15/9/14 - double payment

    then single payments from...

    7/10/14
    7/11/14
    5/12/14
    7/1/15
    6/2/15
    6/3/15
    7/4/15
    7/5/15

    I'm gonna set up a savings account to transfer money every month so as to the divide the money equally so that I still have payments in June, July and August.
    • Thread Starter
    Offline

    1
    ReputationRep:
    (Original post by sci27)
    Got my letter in from SLC this morning. Payment schedule as follows...

    15/9/14 - double payment

    then single payments from...

    7/10/14
    7/11/14
    5/12/14
    7/1/15
    6/2/15
    6/3/15
    7/4/15
    7/5/15

    I'm gonna set up a savings account to transfer money every month so as to the divide the money equally so that I still have payments in June, July and August.
    Exactly what I was looking for, thank you!


    Posted from TSR Mobile
    Offline

    0
    ReputationRep:
    every uni/college is different for first payment as it depends when your course actually starts (i.e mine starts august but my sister starts september) My award says ill get first double payment on 18/8/14, but as my course doesnt start til 26/8/14 ill receive first payment after the college scan my letter and get money 3 days later, but then all payments r usually on the 7th from september.
    • Thread Starter
    Offline

    1
    ReputationRep:
    (Original post by debbiedear)
    every uni/college is different for first payment as it depends when your course actually starts (i.e mine starts august but my sister starts september) My award says ill get first double payment on 18/8/14, but as my course doesnt start til 26/8/14 ill receive first payment after the college scan my letter and get money 3 days later, but then all payments r usually on the 7th from september.
    That makes sense, thank you


    Posted from TSR Mobile
    Offline

    1
    ReputationRep:
    Registration for my course is on 16/9/14 but my course doesn't start till 29/9/14. Does this mean i'll receive my double payment on the day I register?
    Offline

    0
    ReputationRep:
    when u register ur uni/college scan ur letter from saas or send an elctronic signal to saas to let them know u have enrolled, as far as im aware this means that saas will release ur payment and most payments go into ur bank 3-5 days after u register. unless the payment date on ur letter is later than that i.e after 21/8/14 then payment will just go in on that day if that makes sense?
    Offline

    0
    ReputationRep:
    has anyone had their first saas payment yet?
    Offline

    1
    ReputationRep:
    (Original post by jrs mummy)
    has anyone had their first saas payment yet?
    I just received my first payment from slc today and I should be getting my first payment from saas on Monday
    Offline

    1
    ReputationRep:
    Mine said I should get Saas and slc on Monday (second payment 7/08/15) but they also said that I won't get it until the college confirms my attendance and I don't start until Monday!
    I need a laptop for my course and I can't but one until I get it worried now.
    Offline

    1
    ReputationRep:
    (Original post by LilithPaige)
    Mine said I should get Saas and slc on Monday (second payment 7/08/15) but they also said that I won't get it until the college confirms my attendance and I don't start until Monday!
    I need a laptop for my course and I can't but one until I get it worried now.
    Have you enrolled on to the course yet? I enrolled last week I read that saas and slc will begin payments when you've enrolled.
    Offline

    0
    ReputationRep:
    what was your original payment date for you to receive saas/slc? mines is the 7th i enrolled last Thursday but still nothing in my bank
    Offline

    1
    ReputationRep:
    (Original post by jrs mummy)
    what was your original payment date for you to receive saas/slc? mines is the 7th i enrolled last Thursday but still nothing in my bank
    On my schedule from the slc I was told i would get my first double payment on 28th August which I did and my first saas double payment would be paid to me on the 31st I've not received the saas yet until Monday but I'm sure you'll get yours on the 7th don't worry too much I'm sure everything will be ok
    Offline

    1
    ReputationRep:
    (Original post by stephokerro)
    Have you enrolled on to the course yet? I enrolled last week I read that saas and slc will begin payments when you've enrolled.
    I went in for induction last Tuesday, is that enrolling?
    Received my bursery payment today! But not SLC payment? I guess for the first payment they must run a day or two later since the college tells SAAS you attend who then need to tell SLC?
    Offline

    1
    ReputationRep:
    Yes that should be your enrollment day. The college are suppose to notify both SAAS and SLC that you have enrolled on to the course.

    I got my loan 3 days before i started college do you have your loan payment schedule? It should tell you when the first payment should be.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Did TEF Bronze Award affect your UCAS choices?
    Useful resources

    Articles

    Official student finance zone

    Quick Link

    Unanswered SAAS Threads

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.