Who can apply for a Delayed Funding Loan?
Delayed Funding Loans are only available to University of Hertfordshire campus based Home students who have applied for and are eligible for a maintenance loan from Student Finance England (SFE) and have experienced a delay in payment.
Who do I need to make an appointment with to discuss the possibility of a Delayed Funding Loan?
| SFE Funded | NHS Funded |
What can I expect from my appointment?
- We will try to solve the issue with your funding, with the possibility of being given an small interim loan until the first instalment of your maintenance loan
- We are likely to contact the Student Loans Company within the appointment to discuss your application
What do I need to bring with me to my appointment?
- A copy of your most up-to-date Notification of Entitlement (payment schedule) from SFE. You can find and print this from your online account
- An up-to-date, full bank statement. If necessary, we can arrange for you to email this into us during your appointment
If I'm given a Delayed Funding Loan, when do I need to pay it back?
- If you have met with a member of Student Funding and Financial Support, we will contact you once we can see that your maintenance loan/grant has been released so that you know your SFE payment is on its way.
- Repayment of a Delayed Funding Loan is required in full within 10 days of receiving your SFE payment, or at the point of contact from the Student Funding and Financial Support team.
No interest is added onto the Delayed Funding Loan.
*Please Note* a Delayed Funding Loan is a short-term, low-value bridging loan for an unforeseen circumstance. Payments such as rent or tuition fees will not be considered for a Delayed Funding Loan as students are expected to have provisions in place to pay these, prior to commencing their course.
The Student Funding and Financial Support (SFFS) team will assess your circumstances on an individual basis to determine whether a Delayed Funding Loan is applicable. In some cases, SFFS may require you to submit an application to UFAF, along with all supporting evidence, before considering a Delayed Funding Loan.
How do I pay it back?
- In cash at Place2Pay at Ask Hets, Hutton Hub
- Online, using our secure online payment system
- By setting up a payment plan over the phone with a member of the team
What are the consequences of not paying it back?
- A Delayed Funding Loan is a debt to the University and will be recorded on your University account
- Normal debt chasing procedures and sanctions will apply if the Delayed Funding Loan is not paid back
- Failure to pay back a Delayed Funding Loan will result in an interim loan being declined in the future