Payment status says expected?Watch
The payment status "Expected" means that the payment will be scheduled closer to your payment start date check your "To Do List" to make sure you have done everything you need to do to get your payment.
Hi My course started a few weeks back and I have enrolled at uni. My student finance is sorted now and on my payment schedule it says it will be paid on 3rd nov. The status next to it says expected ! What does that mean ?? Thanks
The proposed date is the date we expect to make your payment, but is only submitted when we receive the confirmation of registration from your university and if this is the first year you have applied for a loan, we have validated your National Insurance number.
Your university use a system we share, called the Student Information System (SIS) to electronically advise, that you have registered on the course, it takes 24 -48 hours to come across from them, on receipt of this, your payment is automatically submitted.
A bank transfer takes three to five working days, you will be able to see when the payment is submitted and available, from your payments tab on your online account.
The expected or proposed payment date of your loan is generally your course start date as that is the earliest you can receive payment. For the payment to be released in addition to the application being fully approved we need to have valid bank details for you, we also need a validated National Insurance Number which would have been sent off to be checked if you were taking a loan out for the first time. We would also need to have received and processed the Confirmation of Registration (COR) from your University.
Sometimes these things can go through in time for your payment to be made on the proposed payment date but you usually find that it can be a bit later due to when we receive the COR. It isn't sent to us until a student completes their registration process and some institutions send it over quicker than others.
When your payment status shows as prepared or submitted the money has been released and will be in your account within three to five working days. COR is usually given for the whole academic year so your term two and three payments are generally on the proposed payment date advised.
Once Student Finance have your bank account details, NINO and confirmation from your College or University they will 'Schedule' your payments. Once your payment has left Student Finance the status will be 'Payment in Progress' it should reach your bank account within 3-5 working days.
Hi My payment saya. Payment ready to be made. But I have no breakdown of entitlement as of yet. What does this mean and how long will be take.
If you log in to your online account, in the top right hand corner you will see ‘Your Finance’ if you click the button, you will be taking to another page where you can view your payment schedule.
It sounds as if your payment has been released to you, which normally takes 3-5 working days to be received.