PGCE student financeWatch
I finished my degree this year and am going straight in to do my PGCE (at the same Uni). My student loan says it will be paid on the 7th Sept but I don't register for the course until the 14th Sept, although I've done the pre-registration online. Does this mean I will get the loan 3-5 days after the 14th or seeing as I'm still on the books at the uni will it go through as usual on the 7th? Every time I phone SF I get a different answer so thought I'd see if anyone else knows here.
Thanks in advance.
So you'll get your money sometime after the 14th, depending on how fast the uni communicate with SF, how soon after that SF release your funds and how long the money takes to pass through the banking system. Delays can occur at any point. Nothing will happen over weekends, so if you enrol/register on a Friday, in all likelihood, the earliest the uni will tell SF will be the following Monday.
Confirming attendance of students (which is the process that releases Tuition Fee Loan payments to Universities) is done around the start of each term which are the liability points throughout the year that trigger the payments. So if you are enrolled and in attendance at the start of term, on the subsequent payment date your Uni will receive 25% of the tuition fee loan you have been granted. In semester 2, if you are still attending, then a further 25% is paid to the Uni. Around assessment week in Semester 2 is the final attendance / liability point. If you're still attending, the last 50% is paid to your Uni.
Hope this clears things up a bit. x