Student Loans Company opens tuition and maintenance loan applications for students entering college in September 2022
Teenagers entering college later this year can now apply for their student loan.
Full-time undergraduate students in England can now start their applications for the 22/23 academic year, says The Student Loans Company.
Students in England can apply for tuition loans to cover their costs and maintenance loans to help cover their living costs.
Student loans have been in the headlines in recent weeks due to government proposals to change the way graduates will repay their loans while proposing to introduce stricter eligibility rules.
As part of the reforms, student loans will be repaid over 40 years instead of 30, which will increase the number of those who will repay in full what they have borrowed, while those who start their courses in 2023 will see the repayment threshold drop to £25,0000 rather than a bit more. £27,000.
The government is also launching consultations on other changes, including the introduction of an eligibility criterion for obtaining a student loan, which could include students needing a 4th year pass in mathematics and English. GCSE to be able to borrow money for their university education, and also bring in a ‘lifetime loan entitlement’ so students can borrow to study at any age.
Despite the impending changes and disruption to adolescent education following two years of the pandemic, the Student Loans Company (SCL) says it expects about 1.5 million students from full-time undergraduates are applying for financial aid this year.
And the advice is to get those apps early.
The deadline for new students is May 20 – and June 24 for those returning to campus – but applying well before the deadline will ensure that all funding is in place before the start of term.
Even if teens aren’t sure what course they’re taking, or even which college they’re likely to go to, SLC says families should start applying now, as applications can take six to eight weeks to process.
Chris Larmer, Executive Director of Business Operations at SLC, said, “SLC exists to empower students to invest in their future through access to higher and higher education. they have their finances in place at the start of the quarter. This is why we encourage them to apply now for their student funding.
“We want to make it as easy as possible for students to access student finance and to help them, resources are available online and they can follow Student Finance England (SFE) on Facebook, Twitter and Instagram for all the latest updates on We’ve also made it easier for students to check their application status using the new application status tracker in their SFE online account, and applicants can rest assured that we will contact them by text or email if we need additional information to support their application.”
To help students and their families apply for funding seamlessly, SLC has shared the following seven tips for preparing an application.
1. Apply early
Apply as early as possible to ensure your finances are in place before you start your studies, says SLC. The application deadline is May 20, 2022 for new students. Even if you don’t know which course you are taking, you should apply now using your preferred choice and you can update your application later if necessary.
2. Don’t call us – we will contact you!
Remember that processing an application can take six to eight weeks. There is no need to contact SLC during this time to check the status of your application. Instead, you can keep up to date with the progress of your application via the Applicant Tracker in your SFE online account. You’ll be notified if you have any pending actions to complete, so make sure your email address and phone number are up to date in your online account!
3. Can you find the answer online?
Take advantage of all the information and resources provided online here. These are regularly updated for students and their parents as they progress through the application cycle. Students should also follow Student Finance England (SFE) on social media to stay up to date with the latest information.
4. Understand what financing you may be eligible for
You can apply for tuition loans to cover your costs and maintenance loans to help cover your living expenses. There is a student finance calculator available online to get an estimate of how much you may be eligible for here
5. Have all important documents handy
Have your national insurance number and UK passport details to hand before you start your application, as you will be asked for this information when you apply.
6. Provide supporting evidence online
Do not forget to provide the proofs which are requested of you. All supporting documents, with the exception of certain identity documents or proof of address, can be submitted digitally via your SFE online account.
7. Check if you are entitled to additional help
There may be circumstances where you can access extra money, such as if you have a disability, have children, or are studying for a medical, social work or teaching course. You can find out more about what’s available here.