An educatonal loan is cash you are able to borrow to simply help buy your living costs while at university.

An educatonal loan is cash you are able to borrow to simply help buy your living costs while at university.

Whether you may get pupil loan depends upon:

  • your university or college
  • your program – you need to be learning a greater training course
  • your actual age – you truly must be under aged 60 in the very first time associated with first scholastic 12 months of one’s program
  • in the event that you meet a couple of conditions understood as ‘residency criteria’

Degree’ means courses that are Higher National Certificates (HNC), Greater nationwide Diplomas (HNDs) and levels.

The actual quantity of student loan you are able to borrow is ‘income-assessed’ therefore it will depend on your ‘household earnings’.

The very first time for the first educational 12 months of the program 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

Just how to use

It is possible to submit an application for your education loan once you submit an application for other pupil finance (for instance tuition charges) or individually.

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

To make use of you need:

  • SAAS guide number if you have used before
  • Nationwide Insurance Number – you’ll find this in your Nationwide Insurance Card, advantage page, payslip or P60
  • your money details
  • program name as well as the college title you are trying to get
  • papers showing your home earnings in case your home earnings is ВЈ33,999 or less

If your home earnings is ВЈ33,999 or less, you will have to fill out your family earnings area of the application form. When it is ВЈ34,000 or higher, it’s not necessary to fill this section out.

Apply online

You use in the learning student Awards Agency Scotland website after you have create a free account

Take time to fill away the application precisely as errors could wait the job.

The SAAS can be used by you document upload service to deliver scanned copies of one’s papers. You’ll want to sign in to your SAAS account for this.

Apply by post

If you do not like to apply online, you can install that loan application and post the applying to:

Scholar Awards Agency ScotlandSaughton HouseBroomhouse DriveEdinburghEH11 3UT

When you should use

You need to use as early 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 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

After you have used, you can examine the job’s progress by visiting your on line account.

When your application is successful SAAS deliver an ‘award notice’ to your internet account. This may inform you exactly how much you will get.

Other economic help

When you have started your studies, there clearly was help and cash available to allow you to when you yourself have an emergency that is financial college.

Trying to repay your education loan

You spend your education loan back once you’ve finished and also you’re working.

You simply need to pay it straight straight back when you’re earning more than a certain quantity, referred to as ‘salary limit’. Simply how much you spend a depends on how best payday loans in virginia much you earn month.

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