A student-based loan is cash you can easily borrow to simply help purchase your living expenses while at university or college.

A student-based loan is cash you can easily borrow to simply help purchase your living expenses while at university or college.

Whether you could get pupil loan hinges on:

  • your college or university
  • your course – you really must be learning an increased training program
  • how old you are – you really must be under aged 60 in the very first time associated with first educational 12 months of one’s program
  • in the event that you meet a collection of conditions understood as 'residency criteria'

Advanced schooling' means courses that are Higher National Certificates (HNC), Greater National Diplomas (HNDs) and levels.

The actual quantity of education loan you are able to borrow is 'income-assessed' so that it is based on your 'household earnings'.

The first time associated with the first educational year of one’s program will change based on once you begin your studies.

Your research starts between The educational 12 months begins on
1 August and 31 December 1 August
1 January and 31 March 1 January
1 April and 30 June 1 April
1 July and 31 July 1 July

How exactly to use

It is possible to make an application for your student loan once you make an application for other pupil finance (as an example tuition costs) or individually.

You are going to simply be capable of getting a loan all the way to ВЈ4,750 if for example the home earnings is much a lot more than ВЈ34,000 per year.

To make use of you may need:

  • SAAS guide quantity if you have applied before
  • Nationwide Insurance quantity – you will find this on the Nationwide Insurance Card, advantage page, payslip or P60
  • your money details
  • program title as well as the college title you are obtaining
  • papers demonstrating your home earnings when your home earnings is ВЈ33,999 or less

Should your home earnings is ВЈ33,999 or less, you’ll want to fill out your family earnings portion of the applying. When it is ВЈ34,000 or maybe more, it’s not necessary to fill down this part.

Apply online

You use in the scholar Awards Agency Scotland website once you’ve put up a free account

Take time to fill your application out properly as mistakes could wait the application.

The SAAS can be used by you document upload service to deliver scanned copies of one’s papers. You will have to register to your SAAS account to work on this.

Apply by post

If you do not like to apply online, you’ll install a loan application and post the applying to:

Scholar Awards Agency ScotlandSaughton HouseBroomhouse DriveEdinburghEH11 3UT

When you should apply

You really need to use as soon as feasible to ensure that you get your cash at the beginning of your course. You do not need your exam outcomes or a payday loans florida verified destination to use.

Everything you’ll get

The utmost loan you could get is ВЈ6,750 a 12 months. You will need to re-apply because of it along side all of your other pupil finance every year.

What goes on next

Once you have used, you can examine the job’s progress by visiting your web account.

In the event the application is successful SAAS deliver an 'award notice' to your internet account. This can let you know exactly how much you will get.

Other support that is financial

When you have started your studies, there is certainly help and cash accessible to assist you to for those who have a economic crisis at college.

Trying to repay your education loan

You spend your student loan straight back once you have finished and you also’re working.

You merely need to pay it straight back as soon as you’re making over a certain quantity, referred to as 'salary threshold'. Exactly how much you spend a thirty days is based on just how much you get.