Submit an application for education loan & how exactly to submit an application for student education loans

Submit an application for education loan & how exactly to submit an application for student education loans

A student-based loan is cash it is possible to borrow to simply help pay money for your living expenses while at university or college.

Whether you will get a learning pupil loan hinges on:

  • Your college or university
  • Your program – you should be learning a greater training course
  • How old you are – you really must be under aged 60 regarding the day that is very first of 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 actual quantity of education loan it is possible to borrow is ‘income-assessed’ so that it depends upon your ‘household earnings’.

The day that is very first of first educational 12 months of the program will change based on once 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

How exactly to use

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

You will simply be capable of getting that loan all the way to ВЈ4,750 if your household earnings is significantly more than ВЈ34,000 per year.

To use you may need:

  • SAAS guide quantity if you have used before
  • Nationwide Insurance quantity – you’ll find this on your own National Insurance Card, benefit page, payslip or P60
  • Your money details
  • Course title plus the college title you are trying to get
  • Papers appearing your home earnings in case your home earnings is ВЈ33,999 or less

In case the home earnings is ВЈ33,999 or less, you will have to fill out your family earnings area of the application form. In case it is ВЈ34,000 or even more, it’s not necessary to fill down this area.

Apply online

You use regarding the scholar Awards Agency Scotland website once you’ve put up an account

Head to the ’Login’ element of the SAAS website  and begin application.

Make sure to fill away the job precisely as mistakes could wait the application.

You can make use of the SAAS document upload service to deliver scanned copies of one’s papers. You’ll want to check in to your SAAS account to work on 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 DriveEdinburghEtitle1 3UT

When you should use

You ought to use as soon as feasible to ensure that you get the money at the beginning of one’s program. You certainly do not need your exam outcomes or even a verified location to use.

That which you’ll get

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

What goes on next

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

If for example the application is successful SAAS deliver an ‘award notice’ to your on line account. This may inform you how much you shall get.

Other monetary help

When you have started your studies, there was help and money open to assist you to when you have a economic crisis at college.

Repaying your education loan

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

You merely need to spend it straight straight back as soon as you’re making over an amount that is certain referred to as ‘salary limit’. Exactly how much you spend a thirty days is dependent on just how much you get.

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