A student-based loan is cash you are able to borrow to simply help pay money for your living expenses while at university.
Whether you may get a learning pupil loan is determined by:
- Your university or college
- Your program – you should be learning a greater training program
- Your actual age – you need to be under aged 60 from the very first time regarding the first scholastic 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 nationwide Diplomas (HNDs) and levels.
The total amount of student loan you can borrow is ‘income-assessed’ therefore it hinges on your ‘household earnings’.
The day that is very first of first scholastic 12 months of the course will change according to once you begin your studies.
|Your study starts between||The scholastic 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 apply for your student loan once you make an application for other pupil finance (as an example tuition costs) or individually.
You will simply be capable of getting a loan all the way to ВЈ4,750 if for example the home earnings is significantly more than ВЈ34,000 per year.
To put on you will need:
- SAAS guide quantity if you have used before
- Nationwide Insurance quantity – there is this on the Nationwide Insurance Card, advantage page, payslip or P60
- Your money details
- Program title plus the college title you are obtaining
- Papers showing your home earnings in case the home earnings is ВЈ33,999 or less
If the home earnings is ВЈ33,999 or less, you will have to fill out your family earnings element of the program. If it’s ВЈ34,000 or maybe more, it’s not necessary to fill away this area.
You use in the learning student Awards Agency Scotland website after you have put up a merchant account
Head to theвЂЇ’Login’ area of the SAAS websiteвЂЇвЂЇand begin application.
Take the time to fill down the application precisely as errors could wait the application.
You need to use the SAAS document upload service to deliver scanned copies of the documents. You’ll want to sign in to your SAAS account for this.
Apply by post
If you do not desire to apply online, you’ll download that loan application and post the applying to:
Scholar Awards Agency ScotlandSaughton HouseBroomhouse DriveEdinburghEtitle1 3UT
When you should use
You ought to use as soon as possible to ensure that you get the cash in the beginning of the program. You do not need your exam outcomes or perhaps a place that is confirmed use.
That which you’ll get
The most loan you will get is ВЈ6,750 a 12 months. You will need to re-apply for this along side all of your other pupil finance every year.
What the results are next
Once you have used, you should check the application’s progress when you go to your web account.
In case the application is successful SAAS deliver an ‘award notice’ to your web account. This may let you know exactly how much you shall get.
Other support that is financial
When you have started your studies, there is certainly help and money open to assist you to when you have an emergency that is financial college.
Trying to repay your education loan
You spend your education loan right right back once you have finished and also you’re working.
You merely need to pay it straight back when you’re making more than a certain quantity, referred to as ‘salary limit’. Simply how much you spend a depends on how much you earn month.