A student-based loan is cash you can easily borrow to simply help purchase your living expenses while at university or college.
Whether you may get a learning pupil loan will depend on:
- Your university
- Your course – you need to be learning an increased training program
- Your actual age – you really must be under aged 60 regarding the day that is very first of first educational year of the program
- In the event that you meet a collection of conditions known as ‘residency criteria’
Degree’ means courses that are Higher National Certificates (HNC), Greater nationwide Diplomas (HNDs) and levels.
The actual quantity of education loan you’ll borrow is ‘income-assessed’ so that it depends upon your ‘household earnings’.
The very first time associated with the first educational 12 months of the course will change dependent on once you begin your studies.
| Your research starts between | The scholastic 12 months starts 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 |
Simple tips to use
It is possible to make an application for your education loan whenever you make an application for other pupil finance (as an example tuition charges) or separately.
You are going to simply be in a position to get a loan all the way to ВЈ4,750 when your home earnings is significantly more than ВЈ34,000 per year.
To make use of you will need:
- SAAS guide quantity if you have used before
- Nationwide Insurance quantity – there is this in your Nationwide Insurance Card, advantage page, payslip or P60
- Your money details
- Program name and also the college title you are applying for
- Papers demonstrating your home earnings if the household earnings is ВЈ33,999 or less
If the home earnings is ВЈ33,999 or less, you will have to complete your family income area of the applying. When it is ВЈ34,000 or maybe more, you don’t need to fill this section out.
Apply online
You use in the learning student Awards Agency Scotland website once you’ve arranged a free account
Head to the ’Login’ area of the SAAS website  and start application.
Take time to fill your application out properly as errors 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 get this done.
Apply by post
If you do not desire to apply online, you’ll install a 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 feasible to ensure that you get the cash from the beginning of your program. You do not need your exam outcomes or even a verified location to use.
Everything you’ll get
The most loan you may get is ВЈ6,750 a 12 months. You will have to re-apply because of it along side all your valuable 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 internet account.
When your application is successful SAAS send an ‘award notice’ to your on line account. This can let you know just how much you will get.
Other support that is financial
When you have started your studies, there is certainly help and cash open to allow you to when you have an emergency that is financial college.
Trying to repay your education loan
You spend your education loan straight straight back when you have finished and you also’re working.
You simply need to pay it straight back when you’re earning more than an amount that is certain referred to as ‘salary limit’. Just how much you spend a thirty days is determined payday loans online arizona no credit check by simply how much you get.