£5.3 billion in student finance paid so far this year

SLC has now completed the majority of first term student finance payments for the 2021/22 academic year. This is a significant milestone for the organisation, and I am pleased to confirm that we have advanced £3bn to students in Maintenance Loan funding. A further £2.3bn in Tuition Fees has been paid to universities and colleges on their behalf. This brings the total amount of student finance paid this term to £5.3bn*.

Although the vast majority of students will have received their first payments, there may be some who have still not received their full entitlement. This may be because they applied later, or perhaps because they still have evidence to submit. Applicants who want to know what stage their payment is at can check their payment status at any time on their online account.

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