Becoming a Student

Going through Clearing? Make sure your finances are in order!

With A-levels results being announced on Thursday it’s time to make sure your finances are in order in time for the start of term in September.

By Richard Parkin

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For those of you who are thinking of going through Clearing you’ll most likely need to change your loan application details, or begin a brand new application all together. Student Finance England are here to help you navigate your finances and make sure you get some of your loan in time for the beginning of your course.

Already applied for a loan but your details have changed due to Clearing?

If you have already applied for a loan but have decided to go through the Clearing process then you’re application details will need to be changed. This can be done easily and quickly at www.direct.gov.uk/studentfinance by logging into your student account.

Applying to university through Clearing but haven’t applied for a loan yet?

Unfortunately the official deadline for loan applications has past. But all is not lost! You can still apply for finance but do be aware that Student Finance England may not be able to process your application in time for the beginning of your course.

Whatever happens, Student Finance England will make sure you have some money as close to the beginning of your course as possible. They’ll do this by initially assessing how much money you would be entitled to without taking household income into account. Once they’ve got all the application details they need they’ll complete the assessment in full.

Once your loan is confirmed

Don’t forget to sign and return the declaration you receive from Student Finance England or you won’t receive any payments at the start of term!

Your finances will be put into your account within three working days of you registering with your university. Unfortunately you won’t get any money before the course starts.

Please remember that the maintenance and any grants you may be getting are paid straight into your account but your student fees will be going straight to the university.