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SLC urges students going through Clearing to apply for finance now

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Written by: Emma Lunn
05/08/2020
Students applying for university through the Clearing system still have time to get their finances sorted for the 20/21 academic year.

That’s the message from the Student Loans Company (SLC) ahead of A-level results day on 13 August and as the Clearing process gets underway.

“Clearing” is a system that matches university applicants who haven’t had an offer with institutions that still have unfilled places. Students going through Clearing might not have applied for university yet, or may have not achieved the grades required to take up their offered places.

Get your finance sorted

The SLC is encouraging students going through Clearing to make sorting out their student finance a top priority.

Figures released by UCAS show that last year more than 73,000 students used the Clearing service, and more than 19,600 of them only applied for a course after their exam results came through.

Derek Ross, SLC‘s director of operations, said: “It is important that students complete their finance applications as soon as possible to ensure that their first payments are available for the start of term. The sooner they submit their application the sooner we can get their finance in place.

“Those students who have already applied for student finance but want to change their course, university or college should update their details on their online account at www.gov.uk/student-finance.”

Students who have still to apply should do so as soon as possible as it can take six weeks to process an application. Student Finance England will make an initial assessment, so you have some money as close to the start of your course as possible.

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