An educatonal loan is cash you are able to borrow to greatly help buy your living expenses while at university or college.

Whether you could get pupil loan is dependent upon:

  • your university or college
  • your program – you should be learning a greater training program
  • your actual age – you really must be under aged 60 in the day that is first of first educational 12 months of one’s program
  • in the event that you meet a couple of conditions understood as ‘residency criteria’

Advanced schooling’ means courses that are Higher National Certificates (HNC), Greater nationwide Diplomas (HNDs) and degrees.

The total amount of education loan you are able to borrow is ‘income-assessed’ therefore it is dependent upon your ‘household earnings’.

The day that is first of first educational 12 months of one’s course will change dependent on when you begin your studies.

Your research starts between The year that is academic 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

You’ll submit an application for your education loan once you submit an application for other pupil finance (for instance tuition charges) or individually.

You are going to simply be in a position to get a loan all the way to ВЈ4,750 when your home earnings is more than ВЈ34,000 per year.

To use you may need:

  • SAAS guide quantity if you have used before
  • Nationwide Insurance quantity – you will find this on your own Nationwide Insurance Card, advantage page, payslip or P60
  • your bank account details
  • program title plus the college title you are trying to get
  • papers appearing your home earnings in the event the home earnings is ВЈ33,999 or less

In case your home earnings is ВЈ33,999 or less, you’ll want to fill out your family earnings element of the program. If it’s ВЈ34,000 or even more, you don’t need to fill down this area.

Apply online

You use regarding the learning student Awards Agency Scotland website after you have put up a free account

Take time to fill down the application properly as errors could postpone the job.

The SAAS can be used by you document upload service to deliver scanned copies of the papers. You will have to register to your SAAS account to achieve this.

Apply by post

You can download a loan application form and post the application to if you don’t want to apply online:

Scholar Awards Agency ScotlandSaughton HouseBroomhouse DriveEdinburghEH11 3UT

When you should use

You really need to use as soon as feasible to ensure that you get the cash from the beginning of one’s program. Its not necessary your exam outcomes or a place that is confirmed use.

That which you’ll get

The most loan you may get is ВЈ6,750 a 12 months. You will have to re-apply for this along side all of your other student finance every year.

What goes on next

After you’ve applied, you can examine the application’s progress by visiting your internet account.

In the event the application is successful SAAS deliver an ‘award notice’ to your web account. This may inform you exactly how much you will get.

Other support that is financial

When you have started your studies, there was help and cash open to allow you to for those who have an emergency that is financial college.

Trying to repay your education loan

You spend your education loan right right right back when you have finished and also you’re working.

You simply need to spend it straight straight straight back when you’re making more than a certain quantity, known as the ‘salary limit’. Simply how much you spend a depends on how much you earn month.