How your student loan will be paid

Student financial support is available to most full time undergraduate UK students, and to some EU and some part time undergraduate students.

The Student Loans Company (SLC) is responsible for paying tuition fee loans directly to the university, and for paying most of the financial support to which you are entitled directly into your bank account.  This support may be a maintenance loan, any grants, or a DMU bursary or scholarship.  

Students are required to apply for funding every year, even if their circumstances haven’t changed. For more information and to make an application visit www.gov.uk/student-finance

New students can apply for their funding before they hold a confirmed offer for a University place, they should apply for funding for their first choice University/course. By applying earlier it means your funding will be ready for the start of term. If you leave it later (i.e. after the deadline) having your funding ready for the start of term is not guaranteed. Should you change your mind about which university or course you wish to attend, your Student Funding application can be amended at a later date.

The application cycle for funding through Student Finance England for the 2019/20 academic session is now open. The deadlines for applications for which they will guarantee payments at the start of the academic year are:

  • 24 May 2019 for new students
  • 21 June 2019 for returning students

Student Finance Wales, Northern Ireland and the Student Awards Agency for Scotland dates differ slightly – please visit their websites directly for the most up-to-date information.

Information for first year students - how payments are made

Before any payments are made to you by the SLC, your registration on the programme must be confirmed. If the University or College Payment Advice page of your entitlement letter (sent by SLC - this is located in the 'letters and emails' section of your Student Finance online account) is not handed in at your faculty registration event, and only if it states that you are studying at a different institution (not DMU), please bring it, together with your DMU student ID card, to the Student Finance and Welfare counter in Student Gateway (ground floor Gateway House) on any weekday between 9am and 5pm.

After 1st September 2019: If you are a home student, DMU will notify Student Finance England (SFE) of any changes to your university details on your behalf.

If you have a funding entitlement letter which is linked to another university, take the following action:

  • E mail the University or College Payment Advice page of the entitlement letter to sas@dmu.ac.uk  include DMU TFR in the subject title of your e mail. 
  • Include your full name and date of birth
  • Bring the full entitlement letter with you when you start university

Prior to 1st September 2019, you can make any changes to your Student Finance application (including your university or course details) via your Student Finance online account.

 

If you are an EU student, you will need to make changes by completing and posting the EUCO1 form to the Student Loans Company.

The earliest payment date for the 2019/20 academic year is 30 September 2019. If your application for funding is approved and finalised late, then any payments are usually received in your nominated bank account 3-5 working days after your registration is confirmed.

Student Finance England have produced the video below which explains the payment process.

First year students should note; student funding will not be paid to you on your first day at university. Therefore, you should ensure that you have funds available to you until this payment is made.

Information for returning students

Information about confirming your registration for returning students will be e-mailed to you in August.

All students are reminded that they must have an approved application and completed their “Student Declaration” before any funding will be released.

Following your registration being confirmed, if you do not receive your payments, please visit the Student Finance and Welfare counter in Student Gateway or email sas@dmu.ac.uk

Please note: NHS funding is applied for via the NHS Bursary Services Authority (NHSBSA) nhsbsa.nhs.uk, not the Student Loan Company. Separate applications will need to be made by NHS funded students to the NHSBSA. Confirmation of registration for the NHS bursary is done by the Faculty of Health and Life Sciences.

Useful links:

Postgraduate students with loans from Student Finance England

If you are starting a postgraduate course at DMU this year, and have applied for a Postgraduate Loan, please bring the Postgraduate Loan Summary page (photocopies are acceptable) from your loan approval letter from Student Finance England (SFE) to the Student Finance & Welfare counter in the Student Gateway any weekday between 9am and 5pm.

Distance Learning students only may email a scan or PDF of this page to sas@dmu.ac.uk.

Once we have received this from you, we will verify that the course that you have registered on at DMU is eligible for a Postgraduate Loan and that you are meeting the SFE minimum study intensity criteria. Only once we have done this will we confirm your registration to SFE.

Payments are then usually received in your nominated bank account 3-5 working days after your registration confirmation has been received by SFE.

If you have any queries about your Postgraduate Loan either now or in the future, please come to see us at the Student Finance & Welfare counter in the Student Gateway or email the above address.

Please bring your DMU student ID card with you.

 
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