Turn on thread page Beta
    • Thread Starter
    Offline

    2
    ReputationRep:
    So I was an idiot and didn't send off my student finance declaration form till last week because I was totally unaware that I had to send one off due to teachers saying I had completed my form and don't need to etc etc. I need my maintenance loan to kick in before the 24th October because that's when I need to start paying for my accommodation. Does anyone know if I will have the money before then?
    •  Official Rep
    Offline

    8
    ReputationRep:
     Official Rep
    (Original post by Ediemc)
    So I was an idiot and didn't send off my student finance declaration form till last week because I was totally unaware that I had to send one off due to teachers saying I had completed my form and don't need to etc etc. I need my maintenance loan to kick in before the 24th October because that's when I need to start paying for my accommodation. Does anyone know if I will have the money before then?
    Hi Ediemc

    The payment date on your schedule is an expected date, it coincides with the start of your course on the database.

    Once your declaration is received and scanned on, currently this is taking five working days. If this is the first year you are applying for a loan, we will then send your National Insurance Number to the Department of Work and Pensions to be validated.

    This is a Wednesday to Wednesday process, once returned as valid and your university have confirmed your registration, the payment will be automatically be submitted and a bank transfer takes three to five working days.

    Thanks Rona
    • Thread Starter
    Offline

    2
    ReputationRep:
    Does it matter if I have registered for uni before sending off my declaration form ie. will this effect how long it takes for my money to start coming in?
    •  Official Rep
    Offline

    8
    ReputationRep:
     Official Rep
    (Original post by Ediemc)
    Does it matter if I have registered for uni before sending off my declaration form ie. will this effect how long it takes for my money to start coming in?



    Hi Ediemc,

    We need your application to be fully approved before we can make any payments to you.

    Once your Customer Declaration is received and processed, the status of your application will change to approved,.

    Once approved as long as we have confirmation of registration from your university, then your payment will be submitted.

    A bank transfer takes three to five working days.

    If this is the first year you have applied for a loan, there is one final process that has to take place once your declaration form is received, we need to validate your National Insurance Number with The Department of Work and Pensions before the payment can be submitted.

    This only happens in the first year you are applying for a loan.

    Thanks Rona
 
 
 
Poll
Do you think parents should charge rent?
Useful resources

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.