The Student Loans Company is urging students to get ready for the first payment of the new academic year

During September approximately 1.25M students across the UK will receive Maintenance Loans from the Student Loans Company – supporting them to access opportunities in higher and further education.

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With the new academic year set to start, SLC is urging students to get ready for the first payment by following its top tips:

SLC’s Executive Director of Operations, Derek Ross said:

“The team at SLC will be working hard over the next month to ensure that students receive their funding at the start of term. Students can help ensure the process is as smooth as possible by following our advice. There is lots of information available on our payment page and on our social media channels to help students and their parents get prepared.”

The National Association of Student Money Advisers (NASMA) added:

“We here at NASMA know what an exciting time this is for new students starting on the next stage of their educational journey. You’ll be meeting new friends and getting involved in lots of new interests and projects so the last thing you’ll want is money worries. We can only support our friends at SLC when they say how important it is to get your finances sorted out as soon as possible. That way you’ll be able to budget effectively for the year and enjoy all of what is going on around you without having to worry too much about money!”