Students are being encouraged to apply for student finance for the next academic year now.
Applicants for student finance is already up 10% compared to last year and 42.6% of 18-year-olds have applied for university by the January deadline. Which is up from 39.5% compared to last year.
Derek Ross, Executive Director, Operations at SLC (Student Loans Company) is now recommending students both new and returning to ensure there are no delays in receiving their loan entitlement. Predicting more students than ever going to university and needing student finance in the next academic year.
“We are looking very carefully at how the increasing applicant numbers may impact on the delivery of our services this year. Undoubtably, the high volume of students coming through the system will put pressure on us.”
The ongoing Covid-19 pandemic as well may slow the process down for students applying for student finance, as they look to ensure their employees remain working remotely to protect their health and stay safe from the virus.
Applications for undergraduate degrees in England are now open, and applications for Wales will open at the end of April. By completing your application now before the deadline of 21st May 2021 for new students and 25th for returning students, students can ensure they receive their loan in time for the next academic year.
New students can apply for finance now, even if their place is not confirmed or aren’t sure which university or course they will be on. Use the university or course you will most likely be on, and you will be able to update it at a later date.