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."

Like what you see? Then fill your boots…

Want to bring a little glamour to your life every day with all the most exciting real-life stories, fashion and even sex tips HOT off the press?

Well, we've got you covered with our great new Hot Topics newsletter – it'll drop straight into your inbox around 7pm and you can unsubscribe whenever you like.

And signing up now means you'll get a front row seat for our great new series inside the lives of the next generation of Daily Star Page 3 girls.

You can sign up here – you won't regret it…

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.

Source: Read Full Article