Changing Maintenance Loan

I originally applied for my student finance this year under the assumption I would be living with my parents. My situation has changed and I will now be going into halls. Is there any way I can change my maintenance loan application and get some more money for this year so I can afford rent for my accommodation? I know it’s late, but I’m kind of panicking.

Reply 1

Drew SLC

Official Rep

Hi there,

You should be able to change your living location on your online account. If it does not allow you to do so then it should direct you to a Change of Circumstances form which can be uploaded from you online account. Once processed we can re-assess your entitlement from living at home to living in your own accommodation.

Thanks, Drew

Reply 2

Lazipus

Original post

by Drew SLC

Hi there,
You should be able to change your living location on your online account. If it does not allow you to do so then it should direct you to a Change of Circumstances form which can be uploaded from you online account. Once processed we can re-assess your entitlement from living at home to living in your own accommodation.
Thanks, Drew

I have changed my living location on my account. Do I need to do anything else to get a higher maintenance loan?

Reply 3

Graeme SFE

Official Rep

Original post

by Lazipus

I have changed my living location on my account. Do I need to do anything else to get a higher maintenance loan?

That's great, that's all you need to do.

When your application is approved again we'll automatically award you the higher rate of Maintenance Loan. Please keep and eye on your account and e-mails for this to happen.

Thanks, Graeme

Reply 4

Lazipus

Thank you!

Reply 5

Graeme SFE

Official Rep

Original post

by Lazipus

Thank you!

You're welcome - if you have any further questions feel free to ask.

Thanks, Graeme

Reply 6

Lazipus

Original post

by Graeme SFE

You're welcome - if you have any further questions feel free to ask.
Thanks, Graeme

Actually now that you mention it - if the increase is approved after the date when I would initially get my first instalment of my student loan, what happens? Is the increase implemented on the second and third payments only?

Reply 7

Graeme SFE

Official Rep

Original post

by Lazipus

In this case you'd actually get another payment.

So, if you get the first payment and then the change gets approved you'll receive another payment to make up the difference: this will arrive within 3 working days.

Your next two payments will be automatically adjusted too.

Thanks, Graeme

Reply 8

Lazipus

Original post

by Graeme SFE

In this case you'd actually get another payment.
So, if you get the first payment and then the change gets approved you'll receive another payment to make up the difference: this will arrive within 3 working days.
Your next two payments will be automatically adjusted too.
Thanks, Graeme

Oh that’s WONDERFUL news. Thank god, thought I was going to have to pull food money out my ass 😂😂