Anyone know when our student loans come in?

[Mojo]

It's near the end of Semster 2, and I'm almost into my overdraft. I'm on the government setup, Student loans direct. Anyone Know what the transfer dates are for the third semester's student loan is by chance?

 

[aproctor]

Start of each term, no?

 

[iamTakeo]

I get mine every 5th or 8th (unsure) of the month in Scotland if that helps.

 

[tom_e]

my next one is the 20th april I would imagine yours would come in around there as well give or take a few days

 

[muon]

Sign into here

http://www.studentfinance.direct.gov.uk/portal/page?_pageid=153,4680119&_dad=portal&_schema=PORTAL

and you'll have exact dates of all payments.

I'd imagine you'd have wait till the 3rd semester begins before you get a payment.

 

[int]

19/20th april depends on your term start.

 

[rypt]

19/20th april depends on your term start.

Heh, Which is why it rocks to only have 2 terms of 12 weeks + 2 weeks exams for me As I get only a months break between loans in the 2nd semester

 

[FrostedNipple]

don't get my 3rd terms lot till 11th may. I thought it was the start of term for everyone?

 

[Chris1712]

don't get my 3rd terms lot till 11th may. I thought it was the start of term for everyone?

Yikes I've finished uni by then! Mines due next April 27th. I hate the way the third one comes so late, and is bigger when you really dont need it. I could really do with it right now, and will be probably in my overdraft by the time it comes around.

 

[FrostedNipple]

Yikes I've finished uni by then! Mines due next April 27th. I hate the way the third one comes so late, and is bigger when you really dont need it. I could really do with it right now, and will be probably in my overdraft by the time it comes around.

lol my term doesn't finish till 19th june. I'm 300 in my overdraft. Except i haven't spent that much, it's just sitting in an isa happily making money for me.

 

[J.B]

The next payment is the 27th of April! Cant believe the gap between the 2nd payment and final payment! Stupidly long when compared! I dont have an overdraft so gonna have to reach into the savings I guess.

Im really feeling the pinch.

 

[int]

lol my term doesn't finish till 19th june. I'm 300 in my overdraft. Except i haven't spent that much, it's just sitting in an isa happily making money for me.

You know the interest you make in the ISA is almost the same as the interest your loan collects whilst you're not paying it back. You've essentially taken out a loan only to pay it back without using it

 

[rypt]

You know the interest you make in the ISA is almost the same as the interest your loan collects whilst you're not paying it back. You've essentially taken out a loan only to pay it back without using it

interest free overdraft ...

 

[FrostedNipple]

You know the interest you make in the ISA is almost the same as the interest your loan collects whilst you're not paying it back. You've essentially taken out a loan only to pay it back without using it

interest free overdraft ...

yer, i needed the loan, but things like 0% overdraft are winners

 

[PinkPig]

You know the interest you make in the ISA is almost the same as the interest your loan collects whilst you're not paying it back. You've essentially taken out a loan only to pay it back without using it

Current SLC interest rate: 1.5%. Best available ISA rate: 3.51%. Overall gain = 2.01%. On a £3,000 loan (and it could be 2 or 3 times that by the end of your course) that's £60 a year / £5 a month of free money. Not going to save your life but definitely worth the effort in my book. Add on an interest free overdraft and even better.

 

[reflux]

Lucky undergraduates with loans

 

[djbenjo]

Mine comes in on the 20th April, which is earlier than most it seems. Cool

 

[slylittlefox]

Mine's in on the 31st of March, at least that's what I've been told. If not, I'm royally screwed. Huzzah.

 

[robmiller]

Lucky undergraduates with loans

You're telling me

*currently trying to fund a masters*