Student Loans Company distributes £0.8 billion to UK students
Summary and headline written by AI from the source article. How we work
The Student Loans Company (SLC) delivered £0.8 billion in Maintenance Loan payments to students throughout the United Kingdom on Monday, September 21.
This payment represents the largest single disbursement of funds at the start of the 2026/27 academic year. It follows an earlier payment of £0.8 billion this month, and SLC anticipates distributing a total of £3 billion in maintenance funding by the end of September. The SLC releases payments to students after their universities or colleges confirm their enrollment.
Students receive a text message a few days before payment, and can track their application progress online. SLC also cautioned students to be aware of scams targeting student finance payments. In the 2025/26 academic year, the company provided £12.9 billion in loans and grants to students and paid £11.9 billion towards tuition fees.
