How to apply for a student loan

Financial aid such as student loan is of great help to many students who aspire to further studies.

11:23 28 September 2013

• When to apply

Once you have decided to further your education, consider all financial aid available to help you with your education expenses. When applying for any type of student loan, it is better to prepare all necessary documents and submit the application to the Student Loans Company as early as possible preferably several months before as there are plenty of other students who would want to avail these loans too. You may apply through your Local Education Authority or apply on the internet.

• Where to apply

Every country in the UK has its own website where a student may apply for a student loan. Application should be submitted to the website where the student lives and not where the student wishes to study. It is more convenient to apply on the internet as it is easier to edit and track the status of an application. Any inaccuracy in the application form may be detected soon before the student even submits the application.

Nevertheless, applications made via internet should be provided with post identification documents as well as proof of financial resources of the applicant. Each application is good only for that particular school year and students are required to apply separately for a subsequent year of study as well as when they choose to shift from a particular course to another.  Furthermore, if the course placement of the student has been rejected or if he has changed his mind regarding further education, there is no financial obligation when the student cancels his loan application.

 

Other forms of student loans are also available at the Student Loans Company and every student from any country in the UK is eligible to apply. For any inquiry, a student may ask directly from any authorised staff in the Student Loans Company.