For the purpose of nominating an account for the student loan application, it does not have to ? be a 'student' account, just the account they are using already is fine (but they do need a bank account to complete the application).
(I know that you didn't actually ask about this, but IME, the question / assumption that the loan can only be paid into a 'student' account ' usually pops up sometime soon in any 'student bank account' thread

. One thing, though - as far as I'm aware, it does have to be
the student's bank account. From what I have read in other places, some parents seem very miffed that they can't make their offspring have the loan paid into the parent's personal a/c, so that they, the student, can have the loan for which they are responsible doled out to them as weekly pocket money

).