Maintenance Loan payments reach £2.1bn as new academic year gets underway

Monday (26th September) was its biggest payment day of this academic year, with £797m of funding paid into the bank accounts of 372k students. This brings the total paid out so far this term to £2.1bn.

SLC is able to release payments to students once they have enrolled or registered with their university or college, and we have received this confirmation. Students can quickly and easily check the status of their payment via their online account.

If a student has applied for student finance late, they may not get their full entitlement straight away, as it can take six to eight weeks to process an application. In these cases, once eligibility is confirmed, the minimum Maintenance Loan is paid first, followed by a top-up payment if the student is entitled to more funding. If more information is needed, SLC will

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