Some schools offer Stafford loan directly through the federal government. These are commonly known as Direct Stafford Loans. The schools that offer Direct Loans are known as Direct Lending Schools. Other schools offer Stafford loans through banks or other lenders. These schools are commonly called FFEL schools (Federal Family Education Loan). In order to obtain a federal Stafford loan through a FFEL school, you will need to choose a lender.
Student Loan
The Student Loans Company (SLC) is a UK public sector organisation established to provide financial services, in terms of loans and grants, to over one million students annually, in colleges and universities across the four education systems of England, Northern Ireland, Scotland and Wales.
Our other key responsibility is the administration of the collection of repayments, from over two million customers no longer in higher education.
This website provides easy access to key information about the Company and its operation.
Getting paid
If you applied on time, you will be paid when you register on your course.
Tuition fees
If you take out a Student Loan to cover your tuition fees, Student Finance England will make the payment directly to your university.
Changing your course
Don’t worry – you will still be paid if you've changed your course. But you should then let Student Finance England know, as the amount payable may vary. For information on what to do, follow the link to 'Student Finance England: service updates' at the end of the page.
If you’ve applied late
Every effort will be made to pay you on time - and in some cases a provisional payment will be made.
Being assessed for - or paid - less than you expected
If you get an initial payment that’s less than you were expecting, it will have been made to ensure you are paid on time. Your full entitlement will be paid as soon as possible.
Application processing
Applications from late September and early October are currently being processed.
If you need more detailed information
See 'Student Finance England: service updates' for a more detailed explanation of the information on this page.
Student loans are loans offered to students to assist in payment of the costs of professional education. These loans usually carry a lower interest rate than other loans and are usually issued by the government. Often they are supplemented by student grants which do not have to be repaid.
Paying for College is Uncomplicated With Citi
From explaining how to earn an interest rate reduction to providing information on flexible repayment options, we make benefits easy to understand.
No Minimum Loan Amount
Since there is no minimum loan amount required for graduate Federal Stafford Loans, you have the flexibility to borrow only what you need.
No Payments While in Graduate School
No payments are required on subsidized graduate Federal Stafford Loans while you are in-school and during your six month grace period. Principal payments are automatically deferred during the same periods on unsubsidized graduate Federal Stafford Loans. You may choose to pay the interest while in-school and during grace, or postpone your interest payments on an unsubsidized graduate Federal Stafford Loan. Any unpaid interest will be added to your principal loan balance or capitalized when repayment begins.
Interest Rate Reduction for Auto-Debit Payments
Receive a 0.25% interest rate reduction on your graduate Federal Stafford Loan when you enroll in our auto-debit payment program and receive only electronic statements.
Flexible Repayment Options
Citi offers options for lowering or deferring payments while you're studying, transitioning into your career, or facing financial hardship.
Tax Deduction
The interest on your Federal Stafford Loans may be tax deductible. Learn more.
Online Account Management
Access and manage your account through our secure Web site. In seconds, you can track your loan application, view disbursement information, update your contact information and make payments online.
Customer Service You Can Count On
Citi provides exceptional customer service via dedicated and highly-trained experts who can help you.
