Student Finance: Switching To Insurance Choice

If you've missed the grades for your firm choice university and now plan to attend your insurance choice university, you'll need to let Student Finance know about this change so they can pay the correct institution. The quickest and easiest way to do this is by going to the online student finance account and updating your new course details. If your firm and insurance choices charge different fees, your loan will be adjusted to reflect this. Maintenance loans also depend on your living circumstances, so they may differ depending on whether your firm and insurance choices are in different parts of the UK. For example, students in London can receive more than those living elsewhere in the UK. If you don't make these changes yourself, your university or college can tell Student Finance England on your behalf.

Login to your student finance account and change your application

To change your student finance application to your insurance choice university, you must update your application. You can do this by logging into your student finance account and changing your application online.

If you are a full-time student, you can use your student finance account to inform Student Finance England about changes to your application. If you are a part-time student, you will need to fill in form CO2 and send it to Student Finance England either through your student finance account or by post.

It is important to note that you must report any changes to your application, such as changing your course, university, or college. Additionally, you must also report changes to your name, marital status, or living address.

The process of changing your student finance application to your insurance choice university is straightforward. Simply log in to your student finance account and navigate to the make changes section. From there, you can update your application with your new course details.

According to an official adviser from Student Finance England, the current processing time for changes is eight working days. Therefore, it is recommended to make the changes as soon as possible to ensure they are in place before the start of your university term.

Contact Student Finance England to notify them of the change

If you need to change your student finance application to your insurance choice university, you must notify Student Finance England (SFE) of the change. The quickest and easiest way to do this is online. Go to the make changes section of your student finance account and update your course details.

If you are a part-time student, you will need to fill in form CO2 to notify SFE of the change. You can submit this form online through your student finance account or by post. The address is provided on the form.

If your first choice was in London and your insurance choice is outside of London, you may need to manually adjust your loan amounts. In this case, it is recommended that you call SFE to ensure your grant and loan amounts are adjusted correctly.

Processing times for changes may vary, but it typically takes around eight working days.

Fill in a CO1: Change of Circumstances form

If you have to go to your insurance choice university, you will need to fill in a CO1: Change of Circumstances form to notify Student Finance England of this change. This form can be found on the Student Finance England website.

You can also change your application online by going to the "make changes" section and updating your new course details. This is the quickest and easiest way to change your application.

If you are a part-time student, you will need to fill in form CO2 to notify Student Finance England of any changes. This can be sent by post to the address on the form or via your online student finance account.

If you are an EU part-time student, you will need to fill in form EUCO1 to notify Student Finance England of any changes. This must be sent by post to the address on the form.

Notify your university or college to inform Student Finance England

If you need to change your student finance application to your insurance choice university, you must notify Student Finance England. The best way to do this is to ask your university or college to inform them of the change on your behalf. This is because it can take up to six weeks to process changes to your application, and your course may have already started.

If you do wish to notify Student Finance England yourself, you can do so by logging in to your online student finance account and selecting 'Change your application'. You can also notify them by post, using form CO2 if you are a part-time student or form EUCO1 if you receive tuition fee-only funding.

Update your bank details

To update your bank details, you must sign in to your online student finance account. You can do this by visiting www.gov.uk/student-finance-register-login.

• Sign in to your online account at www.gov.uk/student-finance-register-login.
• Select 'Your personal details' from the menu at the top of the page.
• Next to 'Bank account details', select 'Change'.
• Confirm your old bank or building society details for security.
• Enter your new bank or building society account details.
• Check your payment schedule and amounts.

It is important to keep your bank details up to date to ensure you receive your payments at the start of each term. Here are some key points to remember:

• Payments can only be made to a UK bank or building society account.
• The account must be in your name. Payments cannot be made to third-party accounts under any circumstances.
• If you are expecting a payment, you must provide at least four working days' notice to change your bank details. Any changes made within this time will not take effect before the payment is due.

You can also update your contact details, such as your email address and phone number, through your online account.

Frequently asked questions