Student Loans Company
If youve not applied for student finance yet
If youre thinking of going to uni or college this year, you should apply for student finance as soon as possible. Its easy to apply and only takes around 30 minutes. Just use your first choice of course, you can change your application later if you need to.
If you apply late your money might be late. Find out more about applying late.
If youre applying for a higher amount of student finance thats based on your household income, make sure to ask your parents or partner to provide their financial information as soon as possible to avoid delays to your application.
Your funding
Once you submit your application, we may award you the minimum amount of Maintenance Loan while we process your household income details. This is to make sure you get some money for the start of your course.
Once weve processed your household income details youll get the rest of your money as soon as possible after your course starts
Find out the minimum amount of Maintenance Loan:
| Living location | Minimum amount of Maintenance Loan | Maximum amount of Maintenance Loan* |
|---|---|---|
| Living with parents | 3,790 | 8,610 |
| Not living with parents and studying outside London | 4,767 | 10,227 |
| Not living with parents and studying in London | 6,647 | 13,348 |
| You spend a year of a UK course studying abroad | 5,662 | 11,713 |
*Maximum amount of Maintenance Loan is based on the household income
Use our student finance calculator to find out how much you could be entitled to for the 2024 to 2025 academic year. There are different rates if you spend a year of a UK course studying abroad.
When will I get paid?
To pay your Maintenance Loan, well need:
- confirmation of registration from your university or college
- your National Insurance number
- valid UK bank details
Your Maintenance Loan will be paid in 3 instalments, one at the start of each term.
Example
Olivia is studying at Newcastle University and living in student accommodation. She applied too late for her student finance to be based on her household income before the start of her course. Shes been awarded the minimum Maintenance Loan of 4,767, which means her first payment of 33% is 1,573.
6 weeks after Olivia applied, her household income details were processed. Now she qualifies for an additional Maintenance Loan of 3,000. We will pay Olivia the difference of 1,000 which was missed from her first payment. Her second payment will now be 2,573 and third payment will be 2,621 to reflect her new entitlement.
If youve already applied for student finance
You wont need to do anything unless your living location, university, college or course details change.
If your university, college or course changes
If you accept a place at university or college through Clearing, youll need to sign in to your student finance account and let us know of any changes. You must do this even if your UCAS application has changed - your student finance application is not linked to UCAS.
Sign in to change your applicaiton
Youll need to change the university or college on the application as well as your course. You should also tell us the correct tuition fee being charged for your new course. For step by step guidance on how to change your application online check out our how to guide.
If your living situation changes
Its important that you update where youll be living on your application if it changes, otherwise you might not get the right amount of Maintenance Loan.
You can update your living location through your online account. Youll be asked to confirm where you will spend most of your time during the academic year under the change your university/college and course section.
Check out our tutorial for guidance on how to make changes to your application.
Example
Toby applied for student finance to go to his first choice, Manchester University, which meant he would have to move away from home and live in student accommodation. Based on his course and living location he was awarded the maximum Maintenance Loan of 10,227.
On A-level results day Toby did not get the grades he expected and was offered a place at Birmingham University through Clearing, this means Toby will be able to live at home with his parents while he studies.
While Toby updated his university and course details online, he also told us about the change to his living location. After 6 weeks, we reassessed his entitlement and he now qualifies for the maximum Maintenance Loan of 8,610 for living at home.
Making changes to your application
Check out our walk-through film to find out how easy it is to update your student finance application online.
How to change your student finance application
For full-time students, sign in to your online account and follow these easy steps:
Click Undergraduate student finance applications
Select the application you wish to change
Under the heading Manage your student finance, click View and manage your applications
Click Change your application and then click again
Click University/college and course
Click Submit once youve entered and confirmed your changes
If youre unable to make the changes online, you can upload a completed CO1 Form to your online account and we can make these changes for you.
Find more guidance on how to change your application for part-time and tuition fee only funding students.
It can take 6 to 8 weeks to approve any new applications or changes to existing applications. Its important to apply or make changes as soon as possible.
After youve updated your application
Well review your application and let you know if theres any change to the amount of student finance youll be paid.
If your application is based on your household income, make sure your parents or partner give us their income details as soon as possible. Dont forget, you could also get more student finance if your household income has dropped.
If youve been awarded the minimum amount of Maintenance Loan to begin with, once your household income has been reviewed, well pay any money owed to you from the start of the course. Payments usually take 3 to 5 working days after your account is updated - you dont need to wait till your next payment date.
If youre a parent or partner of someone whos applying for student finance
Youll need to support their application with details of your household income so they can get as much student finance as possible. Visit our guide for more information on how to support an application.
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