The Student Room Group

When should I take out my student loan?

I just read that you start paying interest on your student loan the moment you take it out. Does that mean I am better waiting until just before the start of term before I apply for it?
If you apply for it just before going, your loan will be very delayed. Apply now. The interest is applied when you start studying. Not when you apply for the loan.
Interest starts when the loan is paid to you, which will not be before the start of term. You do not want to leave it to the last minute to apply and get your loan later so you accumulate interest later as you will need the money to pay rent etc.

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