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Student loan paid into account?

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    Hi guys I want to know when my loan will be paid into my account, I enrol at my uni on the 25th September and my student finance letter says my first instalment will be paid on the 26th. Is this correct, because I need to know will I need to be borrowing money if it doesn't arrive on the date?

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    (Original post by WuTangLan)
    Hi guys I want to know when my loan will be paid into my account, I enrol at my uni on the 25th September and my student finance letter says my first instalment will be paid on the 26th. Is this correct, because I need to know will I need to be borrowing money if it doesn't arrive on the date?

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    Student loan is given to your account, it's given to the university straight so you don't have to pay back your loan until you earn over £22,000 I believe.
    What's given to you is maintenance loan I think.


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    It usually takes 3 days for the money to be paid into your account; so it may not be paid until the 28th.
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    Yeah I'm on about the maintaince loan
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    Looks like I'll have to borrow money of family for a few days until the maintaince loan is paid.
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    As long as your uni confirm that you have registered in person the funds will be released to your bank account, but most people have to take a bit of cash to uni with them when they move in to cover the gap.Tiger Rag is right it takes about 3 working days to clear.
 
 
 
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