Submit an application for a learning education loan & Simple tips to make an application for student education loans
An educatonal loan is money you’ll borrow to greatly help buy your living costs while at university or college.
Whether you could get a learning pupil loan hinges on:
- Your university
- Your program – you truly must be learning an increased training program
- Your actual age – you truly must be under aged 60 regarding the day that is very first of first educational 12 months of one’s program
- In the event that you meet a collection of conditions understood as ‘residency criteria’
Higher education’ means courses which are Higher National Certificates (HNC), Greater nationwide Diplomas (HNDs) and levels.
The total amount 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 scholastic 12 months of the program will change according to once you begin your studies.
| Your study starts between | The scholastic year 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
You are able to submit an application for your education loan once you submit an application for other pupil finance (for instance tuition charges) or individually.
You will simply be capable of getting a loan all the way to ВЈ4,750 if for example the home earnings is much more than ВЈ34,000 per year.
To make use of you will need:
- SAAS guide quantity if you have used before
- Nationwide Insurance quantity – you will find this on the Nationwide Insurance Card, advantage page, payslip or P60
- Your bank account details
- Program title and also the college title you are trying to get
- Papers appearing your home earnings in the event the home earnings is ВЈ33,999 or less
In the event your home earnings is ВЈ33,999 or less, you’ll want to complete your family oregon payday loans earnings area of the application form. When it is ВЈ34,000 or higher, you don’t have to fill this section out.
Apply online
You use from the learning student Awards Agency Scotland website once you’ve put up a merchant account
Head to the ’Login’ portion of the SAAS website  and begin application.
Make sure to fill away the application correctly as errors could postpone the application.
You need to use the SAAS document upload service to deliver scanned copies of the papers. You will need to register to your SAAS account to get this done.
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 really need to use as soon as feasible to ensure that you get the cash at the beginning of the program. You certainly do not need your exam outcomes or a place that is confirmed use.
That which you’ll get
The utmost loan you could get is ВЈ6,750 a year. You will have 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 job’s progress by visiting your web account.
In case your application is successful SAAS deliver an ‘award notice’ to your internet account. This can inform you just how much you will get.
Other economic help
When you have started your studies, there clearly was help and cash offered to help you when you yourself have a economic crisis at college.
Trying to repay your education loan
You spend your education loan right right back when you have finished and also you’re working.
You merely need certainly to spend it straight back when you’re making over a certain quantity, referred to as ‘salary threshold’. Simply how much you spend a depends on how much you earn month.
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