Recent News tagged with 'student-money'

Student Loans - Getting Paid Info!

September 8, 2017

You need to register at your uni or college before any student finance can be paid to you.

Your Maintenance Loan will be paid directly into your bank account at the start of each term but some banks take longer to clear funds. Your Tuition Fee Loan will be paid directly to your uni or college.

Please note that no funds will usually be released until after you have enrolled or collected your student ID card for the first time.

You should also make sure your bank details are up to date – you can do this by logging into your account.

Go through the checklist below, to make sure you get your money as soon as possible:
•You’ve submitted your application and sent all the evidence student finance has asked for. And your application has been processed and approved by student finance.
•You’ve signed and returned your declaration form.
•You’ve registered at your uni or college.
•Your uni or college has confirmed to us that you’ve registered.
•You’ve allowed a few working days for your money to be paid into your bank account.

Watch the following videos from Student Finance to find out more:

Beware of Scam Emails Claiming to be from the Student Loans Company

September 8, 2017

The Student Loans Company has asked us to relay this information to students.

Phishing is a fraudulent activity designed to trick you in to giving out your login details. Fraudsters can then use this information to log in to your account and steal information

Identifying a phishing email
•Be suspicious of any requests for personal or financial information. The SLC will never ask you to confirm your bank details or login information by email.
•'Dear Student’ – phishing emails are usually sent out in bulk and therefore are unlikely to contain your first name or surname
•Check the quality of the communication. Misspelling, poor punctuation and bad grammar are often tell-tale signs of phishing.
•'Failure to respond in 24 hours will result in your account being closed’ these types of messages are designed to convey a sense of urgency to prompt a quick response.
•You should also be aware of suspicious text messages asking you to click a link or confirm information about yourself. The text messages sent by SLC are to give information only.

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