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

    0
    ReputationRep:
    I'm stressing a bit about the application to finance! I was just trying to apply and was wondering if i could actually submit my form without providing bank details (I don't yet have a student account as I haven't researched which ones would be best for me etc) because they've allowed me to skip this step for the moment but I'm not sure if I need them for actually submitting my form? If I don't, will they contact me at a later date about where I want my loans to be sent, or can I just provide the details at my own leisure? Or, can I just provide the details to my current account and then change them when I've opened a new account and got all that sorted?
    I'm also a bit confused as to how they're given to us - is the money just transferred to our nominated bank account termly, or yearly?
    Thanks ever so much!
    Offline

    0
    ReputationRep:
    You don't have to have a specific student account to receive any student finance. You just need a bank account. Also if you give those details and then decide the money isn't in the best place, you can always ring student finance and change your account details (although i would recommend doing that after you've received the money as if you do it before they may hold payments until the details are changed. In regard to payments, you get student finance termly, so at the beginning of every new term you will receive about 1/3 of everything they owe you accept your tuition fee loan which will go straight to your uni, you won't see any of that money. That's how it works for me anyway.

    Hope this helped.
    • Thread Starter
    Offline

    0
    ReputationRep:
    (Original post by Jess F)
    You don't have to have a specific student account to receive any student finance. You just need a bank account. Also if you give those details and then decide the money isn't in the best place, you can always ring student finance and change your account details (although i would recommend doing that after you've received the money as if you do it before they may hold payments until the details are changed. In regard to payments, you get student finance termly, so at the beginning of every new term you will receive about 1/3 of everything they owe you accept your tuition fee loan which will go straight to your uni, you won't see any of that money. That's how it works for me anyway.

    Hope this helped.
    Thanks so much! That's brilliant
 
 
 
  • 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
    What's your favourite Christmas sweets?
    Useful resources

    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.