A student-based loan is money you are able to borrow to greatly help buy your living expenses while at university or college.
Whether you will get pupil loan depends upon:
- your college or university
- your program – you really must be studying a greater education program
- your actual age – you should 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’
Degree’ means courses that are Higher National Certificates (HNC), Higher nationwide Diplomas (HNDs) and levels.
The total amount of education loan you are able to borrow is ‘income-assessed’ therefore it is dependent on your ‘household earnings’.
The very first time regarding the first scholastic 12 months of the program will change based on when you begin your studies.
|Your study begins between||The academic 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|
Simple tips to use
It is possible to make an application for your education loan once you submit an application for other pupil finance (for instance tuition charges) or individually.
You are going to simply be capable of getting that loan all the way to ВЈ4,750 when your home earnings is more than ВЈ34,000 a year.
To short term loans in louisiana make use of you will need:
- SAAS guide quantity if you have used before
- Nationwide Insurance quantity – you’ll find this in your Nationwide Insurance Card, advantage page, payslip or P60
- your money details
- program title plus the college title you are trying to get
- papers demonstrating your home earnings in case your home earnings is ВЈ33,999 or less
When your home earnings is ВЈ33,999 or less, you’ll want to fill out your family income element of the application form. If it’s ВЈ34,000 or even more, you don’t have to fill this section out.
You use in the scholar Awards Agency Scotland website after you have put up a free account
Take time to fill down the job properly as errors could delay the application.
You can make use of the SAAS document upload service to deliver scanned copies of the papers. You will have to check in to your SAAS account to achieve this.
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 possible to ensure that you get the cash from the beginning of your program. Its not necessary your exam results or perhaps a place that is confirmed use.
Everything you’ll get
The utmost loan you may get is ВЈ6,750 a 12 months. You’ll want to re-apply for this along side all of your other pupil finance every year.
What goes on next
After you have applied, you can examine the application’s progress by visiting your on line account.
If the application is successful SAAS deliver an ‘award notice’ to your on line account. This can inform you exactly how much you will get.
Other economic help
When you have started your studies, there is certainly help and cash open to assist you to when you yourself have a monetary crisis at university.
Repaying your education loan
You spend your education loan right back once you have finished and you also’re working.
You simply need to pay it straight back when you’re making over a specific amount, referred to as ‘salary limit’. Exactly how much you pay a thirty days depends upon simply how much you get.