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

If you've already applied for your student loans but have decided to go through Clearing to change your course or university then you'll need to amend your application with the new institution and course details.

If you are funded by Student Finance England, this can be done easily and quickly by logging into your student account on the website. If you live in Wales, Northern Ireland or Scotland you should contact your relevant funding body.

Please note: changing your details online is only possible before the date your original course was due to begin. After this date you'll need to complete and submit a Change of Circumstances Form which is a much longer process. 

Once your loan is confirmed

Your maintenance loan should be paid into your account within five to ten working days of your registration at St Mary’s; you won’t receive any payments before the start of your course. Student fees will be paid directly to St Mary’s University.

View official Student Finance advice

Applying to St Mary’s through Clearing, but haven’t applied for your loans/grant yet?

The official deadline for new student finance applications has now passed, however you can still apply for finance, but you may not receive the funding in time for the beginning of your course.

Please note: the standard processing time for applications is four-to-six weeks, so you will need to make sure you have enough money available to cover your essentials until you receive your first funding payment.

Once your loan is confirmed

Your maintenance loan should be paid into your account within five to ten working days of your registration at St Mary’s; you won’t receive any payments before the start of your course. Student fees will be paid directly to St Mary’s University.

View official Student Finance advice

Student finance: frequently asked questions

Am I eligible for a student loan?

You are eligible for:

  • UK and EU students are eligible for a tuition fee loan (up to £9,250).
  • UK students are eligible for a Maintenance Loan to help towards living expenses (up to £11,600). The amount you are entitled to will depend on your household income.
How are the loans paid?

All payments of Loans will be paid by electronic transfer directly into your bank account. It is therefore essential that Student Finance have the correct details of your bank account in order to make the payment.

Once you have registered and your student finance application has been approved, Student Finance will then need to confirm that you are a registered student before your loan will be released to you.

Once confirmation of attendance is confirmed by the University, the first instalment of your Loan Entitlement will then be paid into your bank/building society account within 5-10 working days. The second Instalment is paid in January and the third instalment in April.

How do I apply for a Student Loan?

Home students can apply through the gov.uk website

EU students can apply online and access a downloadable guide from gov.uk.

I am only just in the process of applying. Will the loan be back-dated?

Yes, any payments will be backdated to the beginning of the academic year.

I haven’t applied for my loans yet – how long will it take before I get any money?

Applications can usually take between four-to-six weeks to process. However, if Student Finance requires any further information, this process will take longer.

I already have a degree – can I get funding to do another degree course?

If you have an honours degree you will not be funded for another undergraduate degree course; however you should be eligible for full funding for a PGCE and Master's course.

I studied at another uni for two years, but dropped out. Can I get funding for my new course?

Please email studentfundingservice@stmarys.ac.uk or contact Student Finance England directly.

My Loan isn’t enough to cover my expenses. Can I apply for a Hardship Award?

If you are able to show you are in severe financial hardship, you can complete a Student Hardship Fund Application Form.  You will need to provide sufficient evidence of your income/expenditure, as requested on the Form. 

Please email studentfundingservice@stmarys.ac.uk for further information about the Hardship Fund.

Am I eligible for benefits?

Full-time students aren’t eligible to receive benefits with the exception of students with children and students who have a disability and receive the Disability Living Allowance. 

When calculating any benefits your student loan and some grants will be counted as income.  Full time students don't pay council tax.

How do the loan repayments work?
  • You don’t have to make any repayments until the April after you have finished your course.
  • You pay 9% of earnings over £25,000 e.g. If you earn £26,000 you will pay 9% of £4,000 = £360 per year or £30 per month.  You don’t pay anything if you earn less than £25,000.
  • Any outstanding balance is cancelled after 30 years.
  • There is no penalty for paying some or your entire loan off early.

Scholarships still available

Do you have grades equivalent to ABB at A Level, DDM at BTEC or something else that you think shows you have excellent potential for degree level study?

If so, you might be eligible for one of our Vice Chancellor's Attainment Awards. This means you could get a cash award of up to £2000 for each year of undergraduate study.

If you think this applies to you, please be sure to mention it when you make your Clearing application or you can email nikki.anghileri@stmarys.ac.uk for further information.