A guide to applying for student finance

Ellie Hilborne on 6 November 2017
Confused person wondering how to apply for student finance

The journey to starting uni is paved with forms and applications, so here's our comprehensive guide to student finance.

Applying for Student Finance is one of the most tedious tasks imaginable, but unfortunately if you don’t happen to have over £12,000 a year to spare it’s very important. The application process can seem confusing so we’ve put together a handy guide to help clear things up.


A student loan is a sum of money which university students can apply for to cover their educational expenses. A student loan has to be paid back, but not until you graduate and are earning a certain salary. Find out more about loan repayment here.

What are educational expenses? Educational expenses include the cost of tuition as well as living costs such as accommodation. There are two types of student loans you can apply for: a tuition loan and a maintenance loan. Whilst a tuition loan is paid directly to your university, a maintenance loan is paid into your personal bank account in three instalments. Use the student finance calculator to get an estimate of the student finance you're eligible for.

Bursaries: In previous years students were able to apply for a maintenance grant (a sum of money which does not need to be paid back) dependent on household income. Maintenance grants were recently scrapped by the government. If you think you will need further financial support, don’t panic! There are other options available. For example, most universities offer bursaries to students with a household income below a certain threshold and to students who achieve certain a-level grades, so make sure you look into this.

Source: Giphy


If you live in England and this is your first time going to university you will need to apply online to Student Finance England. To apply you have to set up a student finance account and complete an online application here (Tip: Make a note of your login details!). Whilst it is a little time-consuming, help and guidance are provided throughout, so the process is fairly straightforward.

What information will I be required to provide?

You will be asked to give personal information including your course details and household income, so it is likely that you will need a parent or guardian to go through it with you. Here is some of the key information you’ll need when completing your application:

  • Passport details
  • University course details
  • Bank account number and sort code
  • National insurance number
  • Financial information
  • Household income (make sure this is accurate - your funding could be stopped if it is found to be incorrect)

After submitting your application you will be sent a loan declaration in the post which you need to sign and return as soon as possible. Your application will be assessed by the Student Loans Company and you will receive a letter detailing how much funding you are entitled to. You can also check this information on your online account.

Note: The application process is different if you are a student from Scotland, Wales or Northern Ireland so make sure to check the correct region!

When is the Student Finance Deadline?

Late application = late payment

It’s important to make sure you are organised and leave yourself plenty of time to get your application sorted before the deadline. Failing to do so will delay the process and could result in you not receiving your loan on time. We’ve all heard the horror stories of students not receiving their loan payments and whilst living off of Sainsbury’s basics is the norm (with or without a loan) there are some costs that can’t be cut down.

The (very final) student finance deadline is 9 months after the first day of the academic year for your course (e.g. if your course started on 20 September, it would be 31 May). If you’re a new full-time student it is recommended that you apply before 27 May in order to start receiving payments when you begin your course.


  • To apply for a student loan you don’t need to have a confirmed place - so don’t wait until you receive your a-level results!
  • Print off and sign the declaration form yourself - it will save time (as opposed to waiting for them to send it to you).
  • Make sure you enter your bank details correctly - or you won’t receive your money!
  • If you have any further questions contact student finance directly here.

Have you started your student finance application? For more tips like this, join the Student Hut Community to get access to paid surveys, exclusive content sent straight to your inbox and more.

Ellie Hilborne
Ellie Hilborne on 6 November 2017