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An educatonal loan is cash it is possible to borrow to greatly help pay money for your living expenses while at university or college.

An educatonal loan is cash it is possible to borrow to greatly help pay money for your living expenses while at university or college.

Whether you will get a learning pupil loan will depend on:

  • your college or university
  • your program – you need to be learning a greater training program
  • how old you are – you truly must be under aged 60 from the very first time of this first scholastic 12 months of the 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 National Diplomas (HNDs) and levels.

The quantity of education loan you are able to borrow is ‘income-assessed’ so that it is dependent upon your ‘household earnings’.

The first time of this first scholastic 12 months of one’s program will change based on when you begin your studies.

Your study starts between The educational 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

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Simple tips to use

It is possible to submit an application for your education loan once you apply for other pupil finance (as an example tuition costs) or individually.

You will simply be in a position to get that loan all the way to ВЈ4,750 if for example the home earnings is much a lot more than ВЈ34,000 per year.

To use you need:

  • SAAS guide number if you have used before
  • Nationwide Insurance quantity – you will find this in your Nationwide Insurance Card, advantage page, payslip or P60
  • your money details
  • program title and also the college title you are obtaining
  • papers appearing your home earnings in case your home earnings is ВЈ33,999 or less

In case your home earnings is ВЈ33,999 or less, you will need to fill out your family earnings element of the applying. If it is ВЈ34,000 or maybe more, it’s not necessary to fill this section out.

Apply online

You use regarding the learning student Awards Agency Scotland website once you’ve arranged a free account

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

The SAAS can be used by you document upload service to send scanned copies of the papers. You will need to check in to your SAAS account for this.

Apply by post

If you do not wish to apply online, you’ll install that loan application and post the application form to:

Student Awards Agency ScotlandSaughton HouseBroomhouse DriveEdinburghEH11 3UT

When you should use

You ought to use as soon as feasible to ensure that you ensure you get your cash at the beginning of the program. You certainly do not need your exam outcomes or perhaps a verified destination to apply.

That which you’ll get

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

What goes on next

After you have used, you can examine the application’s progress when you go to your on line account.

In case the application is successful SAAS send an ‘award notice’ to your web account. This may inform you simply how much you shall get.

Other support that is financial

When you have started your studies, there was help and money accessible 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 straight back when you have finished and you also’re working.

You merely need to pay it straight straight straight back when you’re making over a specific amount, referred to as ‘salary limit’. Just how much you pay a depends on how much you earn month.

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