UK pays £5.7bn first term student loans in new academic year
The UK has paid £5.7bn in student finance for the first term of the 2026/27 academic year, the Student Loans Company has disclosed in a new report. Read More: https://punchng.com/uk-pays-5-7bn-first-term-student-loans-in-new-academic-year/
The United Kingdom disbursed £5.7 billion in student finance for the first term of the 2026/27 academic year, with £3 billion allocated for maintenance loans and £2.7 billion for tuition fees. The Student Loans Company revealed these figures in a report on the UK Home Office website. Of the £3 billion in maintenance loans, £3 billion was paid directly to students in September, while the £2.7 billion in tuition fee payments were released to education providers in October.
Most first-term payments had been processed by the time this report was published. The company clarified that it continued to support students who applied after the deadline, providing the minimum level of student finance to ensure their funding started on time. The remaining funding will be disbursed as top-ups once all necessary application details are confirmed.
Applications for the next academic year would require using the Lifelong Learning Entitlement funding scheme, with applications opening by the end of October 2026.
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