Student finance for clearing and adjustment students
If you’re considering applying for Loughborough University in 2019 through Clearing or Adjustment, he’s what you need to know about student finance.
If you have already applied for student finance
If you have already applied for student finance make sure your student finance account is up to date. Log in to your account and check the ‘To do’ list, this will show whether there are any outstanding actions you need to take. If your course or university details have changed you will need to inform the funding provider, you can normally do this quickly and easily though your online student finance account.
If you haven’t already applied for student finance
If you haven’t yet applied for student finance you can still apply, but be aware that your funding provider (Student Finance England (SFE), Student Finance Wales (SFW), Student Finance NI (SFNI) or Student Awards Agency Scotland (SAAS)) may not be able to process your application in time for payment of your student loan at the beginning of term.
After your application has been assessed you will receive a student funding notification letter detailing how much funding you are eligible to receive (you can find a copy in your ‘letters and emails’ online). The termly breakdown of payments can also be accessed from your online account.
Payment will be made directly into your bank account usually within three days of your arrival at Loughborough University. Make sure your funding provider has your correct bank details.
Common issues that could delay your funding
Failure to apply or respond
Failing to apply and/or respond to any further information request (if necessary) as early as possible.
National Insurance Number (UK students)
Make sure that you have included your National Insurance Number in your application. Funding providers regularly refuse to release money without it. EU students receiving only the fee loan are not required to provide a National Insurance Number.
Information/evidence required from you/your parents or guardians
Check your online account for any recent correspondence and check your ‘to do’ list. Ask your parents to check their student finance account too.
Bank account details
Log in to your student finance account to add or update bank details. Ensure you are accurate when inputting your account number and sort code to avoid losing any of your funding.
Change of course/university
For SFE, SFW and SFNI log in to your account and then go to: Your Account > Change Your Application > University/College and Course. Make sure you change this ASAP. At certain stages of the assessment process you may not be able to update the record, if so you will need to ask Student Enquiries at the University to make the changes.
Change of address
If your term time address or email address have changed you need to notify student finance.
Student Finance contacts
How to contact student finance (local or national rate number)
Beware of Phishing scams
Phishing emails are frequently sent to students, they can look convincing and each year some students are tricked into giving away personal details which can be used to hack into their bank or student finance accounts. How to avoid being a victim:
- Funding providers will never contact you via email asking for personal information such as your log-in details, bank account or national insurance number.
- You can check your online account to see if anything remains outstanding
- You can always contact your funding provider direct rather than respond to an email link, text or phone call.
If you have responded to phishing contact your bank and funding provider immediately.