SLC warns students as £2.6 billion September payments draw scams

  • SLC warns students that scammers may impersonate student-finance services around September payment dates
  • Approximately £2.6 billion in maintenance support is scheduled for 1.1 million students across England
  • Students must verify registration, bank details and payment status through official GOV.UK or Student Finance England accounts

Student Finance England is scheduled to pay approximately £2.6 billion in maintenance support to 1.1 million students across England in September as the new academic year begins. Students must register and have their university confirm registration before payments can be made; payments may be rescheduled if registration occurs on or near the expected date. Tuition fee payments are scheduled for October and will go directly to universities. Around the payment period, the Student Loans Company (SLC) warns that scammers may impersonate trusted organisations through texts, emails or phone calls, claiming payments are blocked, bank details need updating or accounts will be closed unless recipients act urgently. SLC says it will never request or confirm personal or financial information by email, text message or social media. Students should avoid unexpected links, check bank details and payment status through their online account accessed via GOV.UK, and report suspicious communications through the official channels. SLC says its fraud-prevention measures saved £56.2 million last year.

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