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

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

Whether you may get education loan varies according to:

  • your university
  • your program – you really must be learning a greater education course
  • how old you are – you really must be under aged 60 in the day that is very first of first scholastic 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), Higher National Diplomas (HNDs) and levels.

The total amount of education loan it is possible to borrow is ‘income-assessed’ so that it is dependent upon your ‘household earnings’.

The day that is first of first scholastic 12 months of one’s program will change according to when you start your studies.

Your research starts between The scholastic 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

Just how to use

You can easily make an application for your education loan whenever you submit an application for other pupil finance (for instance tuition fees) or individually.

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

To put on you may need:

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

In case your home earnings is ВЈ33,999 or less, you will need to fill out the household earnings portion of the application form. When it is ВЈ34,000 or higher, you don’t need to fill this section out.

Apply online

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

Make sure to fill down the job properly as mistakes could wait the application.

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 for this.

Apply by post

If you do not would you like to apply online, you’ll install that loan form and post the applying to:

Scholar Awards Agency ScotlandSaughton HouseBroomhouse DriveEdinburghEH11 3UT

When you should use

You need to use as soon as feasible to ensure that you ensure you get your money at the beginning of one’s program. You certainly do not need your exam outcomes or even a verified destination to http://www.speedyloan.net/payday-loans-co 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 of your other pupil finance every year.

What the results are next

After you have used, you should check the application’s progress by visiting your internet account.

In case your application is successful SAAS deliver an ‘award notice’ to your internet account. This may let you know just how much you will get.

Other support that is financial

Once you have started your studies, there is certainly help and cash offered to assist you to for those who have an emergency that is financial college.

Trying to repay your education loan

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

You merely need certainly to spend it straight straight back as soon as you’re making more than a certain quantity, referred to as ‘salary limit’. Exactly how much you spend a thirty days is dependent upon simply how much you get.