Understanding SLC
The SLC administers government-funded loans and grants to students by working with approximately 200 local education (award) authorities, including:
Local Authorities in England and Wales (LEAs)
Student Awards Agency for Scotland
Education and Library boards in Northern Ireland
HM Revenue & Customs
700+ HEIs
HEI students apply for student support annually. Depending on where they live, they apply through their LEAs or directly to the SLC. Application files are available to the HEI in August just before the beginning of each academic year.
The SLC also administers maintenance payments to students and, optionally, bursaries and scholarships on behalf of the HEIs.
Before setting up SLC, you must set up your academic institution and aid year.
You must also understand how checklists, communication, financial aid packaging, and disbursement work.