• Sun. Nov 28th, 2021

Last day to apply for university student loans if you’re returning in September

Jun 25, 2021

Students in the UK have until Friday midnight to renew their funding for student finance.

The Student Loans Company (SLC) said the deadline is June 25 as it warned of the busiest academic year to date.

Applying before the deadline is the best way for students to ensure their finances are ready for the start of the year.

And missing out on student finance could mean payments are delayed.

The portal for new students closed on May 21, which is the final cut off for those continuing their higher education this September.

Derek Ross, SLC executive director of Operations, said the website has been inundated with applications for the new year.

This is due to the fact that many applicants chose to defer their state date due to the pandemic.

Ross said: "So far this year, we have already experienced a significant increase in students applying for finance.

"Applications have increased by more than 10% year-on-year and we are anticipating that this will be the busiest academic year ever.

"We are urging students to get their applications in before the upcoming deadlines.

"By doing so they can be confident that they will have their student finance in place before their studies begin in the Autumn."

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Students should apply online using the website.

Applications can take six to eight weeks to process.

When you're applying, make sure you have your National Insurance number, passport and bank details to hand.

If you have previously applied for a maintenance loan based on household income, then your parents might need details.

Student loan payments are based on their income, so what you get is a direct reflection of their salary, but many are unaware of this.

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