When will Student Loans be paid this year?

Student loans are paid in three instalments, but the exact day you’ll receive yours depends on your term start date.

If your course starts in September, you should receive your payments in September, January and April.

That means if you started in September 2022, your second payment should have hit your account in January.

The third should be with you now or at some point before the end of the month.

The payments are sent by Student Finance Wales, Northern Ireland and England or, if you’re in Scotland, the Student Awards Agency Scotland.

Student Finance England (SFE) says it can take up to three days for payments to reach a student’s account, so it’s best to make sure you have some money to cover immediate costs like transport and your first rent payment.

Students usually receive a text or email to confirm when they will be paid each instalment.

Find out more here.

This post first appeared on thesun.co.uk

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