I have been approved for a loan/grant for my 2nd year of UG studies in London.
The letter I received shows that SFE will pay out the financial support in 3 payments (Oct, Jan, Apr) as is standard.
However, is there any way to convince SFE to pay out a larger sum of the money in the first payment? I ask because I need to pay 6 months rent at the start of October as one of my co-tenants does not have a UK rent guarantor so we all have to pay rent in blocks of 6 months. As you can imagine, this is a substantial amount of money. My loan and other income is able to support the rent and my living costs, but only if i receive the money at the right time.
Receiving a larger sum of the money in the first payment would mean I wouldn't have to use my overdraft and borrow off family and friends to cover rent. As it is, I tend to have money left over from the last payment in Apr as my spending is much reduced during those months.
Is this possible?
Will SFE adjust their payout schedule? watch
- Thread Starter
- 11-08-2016 13:31
Offline2ReputationRep:TSR Support Team
- TSR Support Team
- 11-08-2016 14:17
Student finance payment dates are determined by your term dates and are split evenly over the 3 terms therefore we are unable to bring payments forward or pay them in a lump sum. If you find yourself in financial hardship during the academic year you may be able to apply to the discretionary payments team to bring a future payment forward.