Your first payment
After you register at uni or college, any Maintenance Loan you’re getting will be paid into your bank account. We’ll normally send you a text message to let you know when this has been done. It can take 3 working days for your money to clear. If you need to check any details, login to your student finance account.
You’ll be charged interest as soon as you get your first payment and throughout your course until your loan is paid off or cancelled.
You’ll only start repaying your loan and any interest the April after you’ve finished or left your course, and only then when your income is over the repayment threshold.