A student-based loan is cash it is possible to borrow to simply help buy your living expenses while at university or college.
Whether you may get student loan depends upon:
- your university
- your program – you need to be learning a greater training program
- your actual age – you need to be under aged 60 regarding the day that is very first of first scholastic 12 months of the program
- in the event that you meet a collection of conditions understood as ‘residency criteria’
Degree’ means courses that are Higher National Certificates (HNC), Greater nationwide Diplomas (HNDs) and levels.
The quantity of education loan you are able to borrow is ‘income-assessed’ therefore it varies according to your ‘household income’.
The very first time associated with the first scholastic year of one’s program will https://www.speedyloan.net/payday-loans-ak/ change dependent on when you begin your studies.
|Your study 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|
Just how to use
You can easily submit an application for your education loan whenever you submit an application for other pupil finance (as an example tuition charges) or individually.
You will simply be in a position to get that loan all the way to ВЈ4,750 if the home earnings is much a lot more than ВЈ34,000 per year.
To make use of you need:
- SAAS guide quantity if you have used before
- Nationwide Insurance quantity – you will find this on your own Nationwide Insurance Card, benefit page, payslip or P60
- your money details
- program title as well as the college title you are trying to get
- papers demonstrating your home earnings in case the home earnings is ВЈ33,999 or less
In case your home earnings is ВЈ33,999 or less, you will have to complete your family earnings portion of the applying. In case it is ВЈ34,000 or higher, you don’t need to fill down this area.
You use regarding the learning student Awards Agency Scotland website once you’ve put up a free account
Take time to fill your application out precisely as mistakes could wait the job.
You need to use the SAAS document upload service to deliver scanned copies of one’s papers. You will need to check in to your SAAS account to get this done.
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 need to use as soon as feasible to ensure that you get the cash from the beginning of your program. You do not need your exam outcomes or a verified spot to use.
That which you’ll get
The utmost loan you may get is ВЈ6,750 a year. You’ll want to re-apply for this along side all your valuable other pupil finance every year.
What the results are next
After you have used, you should check the job’s progress by visiting your on line account.
Should your application is successful SAAS send an ‘award notice’ to your internet account. This can let you know just how much you will get.
Other economic help
When you have started your studies, there is certainly support and cash accessible 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 once you have finished and you also’re working.
You merely need to spend it straight back when you’re earning over a specific amount, referred to as ‘salary limit’. Just how much you spend a thirty days depends upon simply how much you make.