Help Paying student loans back Glasgow

October 24, 2016
To help you get even more

ALL students are entitled to take out a student loan to help meet living costs. The maximum level of loan entitlement each year varies according to parental income, and according to whether the student is living at home, or in rented accommodation, while at university. The loan covers 52 weeks, except in the final year where a reduced loan is available to cover until the end of the course. In general, the maximum amounts for courses that last 30 weeks are: £4, 585 for students living in the parental home; or £5, 570 for students living away from home and studying outside London.

An additional loan of £810 is available to all students whose household income is £22, 789 or less p.a.

You are not required to start paying back student loans until you have graduated and are earning a salary of above £15, 795 p.a.

Part-time Fee Grant

Depending on the number of credits and the level of your course you are studying and your own income, you could be eligible for the part-time fees grant from SAAS. You must apply for this no later than one month after the start of your course.

For further guidance, Scottish and non-UK, EU applicants should contact The Student Awards Agency for Scotland:

The Student Awards Agency for Scotland

Gyleview House
3 Redheughs Rigg
South Gyle
Edinburgh
EH12 9HH

Tel: 0131 244 8075
Web: www.saas.gov.uk

Student Loans Company (SLC)

100 Bothwell Street
Glasgow
G2 7JD

Tel: 0800 405 010
Fax: 0141 306 2005
Web: www.slc.co.uk

The Young Students' Bursary

Students whose parents’ residual income is less than £34, 195 p.a. are eligible to receive a Young Students’ Bursary. Entitlement is income assessed, so that the lower the income, the greater the level of assistance given. The maximum bursary of £2, 640 p.a. is available to those where the residual income is £19, 310 or less. The Young Students’ Bursary is non-repayable. Full tables giving estimated bursary entitlements, according to income, can be found on the SAAS website.

Additional Support

Certain students are eligible for extra financial help through non-repayable supplementary grants such as the Lone Parents’ Grant, or the Disabled Students’ Allowance. For further information please contact SAAS.

Students who have already received their full support package, but are still finding it difficult to make ends meet, may be eligible to receive some help in the form of a hardship loan or a non-repayable bursary. Student Devlopment & Support Services administers both an Access and a Necessitous Students’ Fund; please contact them for more information.

Discretionary and Childcare Funds

These are discretionary funds, designed for UK students who are finding it difficult to make ends meet. These funds, which are administered by the University, are non-repayable and are in addition to any other forms of student support.

Source: www.stir.ac.uk
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