New students advised to apply for funding early

First published in News The Northern Echo: Photograph of the Author by , Health & Education Editor

STUDENT Finance England is advising new students in the North-East of England to apply for funding early this year, with applications now being accepted.

The Company received over 1.1 m applications last year, including over 53,000 from North East students, and continues to improve the application process to make it as easy as possible for students and their sponsors.

The new application form for this year has been designed with significant input from students, making it quicker and easier to apply for funding, as well as being easier to navigate and understand.

Derek Ross, director of operations at Student Finance England, said: “There have been a number of improvements to the student finance process over the last few years, and we continue to strive to make it better.

“Working closely with other government departments, we verified over three quarters of new customers’ incomes without the need for students to supply further evidence last year and we also checked identity directly with the passport service, with a 98% success rate.

“However, if evidence is requested it can hold the application up. Students should apply early to ensure their funds are in place at term start.

“The initial application should be quicker this year. It is tailored to the student, with a clearer design and help provided along the way to guide students easily through each stage.

“We will soon be contacting returning students who have applied for finance in previous years, about progressing their funding applications for this year.”

Student Finance England, part of the Student Loans Company, processes all loan and grant applications for students in England.

The company’s plans to transform student finance through digital delivery and work with other government departments to create an efficient, streamlined service has been recognised as part of the joint PCF and Cabinet Office report ‘Efficiency by Design: stories of best practice in public bodies’, which was published recently.

The company has a range of useful advice and guidance for those considering going to university in 2014/15 and regularly answers student queries via social media. Visit facebook.com/SFEngland and twitter.com/sf_england To apply: www.gov.uk/studentfinance

Comments (2)

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1:05pm Tue 28 Jan 14

Eliza33 says...

Hopefully this new system will mean that we don't have another debacle with new students being left for weeks or months without funding after the start of their course. But still doesn't address the fact that the average student has a income shortfall of over £4,500 even if they get all the loans and funding they are entitled to: http://totalstudents
.com/blog/lifestyle/
the-cost-of-universi
ty-and-paying-for-hi
gher-education/
Hopefully this new system will mean that we don't have another debacle with new students being left for weeks or months without funding after the start of their course. But still doesn't address the fact that the average student has a income shortfall of over £4,500 even if they get all the loans and funding they are entitled to: http://totalstudents .com/blog/lifestyle/ the-cost-of-universi ty-and-paying-for-hi gher-education/ Eliza33
  • Score: 0

1:50pm Tue 28 Jan 14

DaisyBear says...

A shortfall of 4,500 should be able to be made up by doing some paid work. Thereafter, of course, the graduates will earn 20% more over the course of their lives than non graduates - so the little bit of funding they have to find is really an investment in their own future. Of course, if students want the state to pay for all of the ri education - perhaps all of the 'excess profits' of that investment should then be retruned by the graduates to the state - I rather suspect that they would not wish to do so.
A shortfall of 4,500 should be able to be made up by doing some paid work. Thereafter, of course, the graduates will earn 20% more over the course of their lives than non graduates - so the little bit of funding they have to find is really an investment in their own future. Of course, if students want the state to pay for all of the ri education - perhaps all of the 'excess profits' of that investment should then be retruned by the graduates to the state - I rather suspect that they would not wish to do so. DaisyBear
  • Score: 0

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