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Are loan payment dates set in stone? watch

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    • Thread Starter
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    Hi there,

    I am an MA student, and have just received my second of three loans. While my course is three terms, the third is not taught and I am instead required to undertake (and fund) a practical project to submit.

    That being said, I have started early on my project and am well underway - I will be submitting in early April. By the time my loan comes in, I will have submitted my work and will essentially be done with the MA.

    What I am essentially asking if if the loan payment dates are 100% set in stone or if there is any leeway - think I heard a few years back that it was possible to receive the loan in one lump sum at the start of each year, although I can't find any information to support this so it may well have been false.

    Thanks in advance.
    • Official TSR Representative
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    Official TSR Representative
    Hi

    Post Graduate Loan payments are paid in 3 instalments per Academic Year (AY) with the total awarded split as:

    1st instalment - 33%

    2nd instalment - 33%

    3rd instalment - 34%

    The dates the instalments will be paid will be as below:

    1st instalment - course start date as provided by the HEP (assuming confirmation of registration received)

    2nd instalment - last Wednesday in January 2017*

    3rd instalment - last Wednesday in April 2017*

    *August starters will share the same payment dates as September starters.

    We are not able to change the dates or the percentage split.

    Thanks
 
 
 
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