To get a tuition fee loan you must:. “We are ensuring students studying in Scotland should have access to emergency support should they be facing financial hardship as a result of COVID-19 or the social distancing and isolation measures that have been introduced. 02. Student loan applications can take up to six weeks to process, and if you don't apply early enough, your student loan should may not be paid into your account in time for the start of the course. We believe in treating customers fairly and are committed to ensuring all of our customers are offered the most suitable solution for their circumstances. How much you will receive depends on your household income and if you are a young or independent student. There are three main types. Information on Canadian, Icelandic and US student loans. 6th April 2021 sees the commencement of Student Loan deductions type Plan 4. Scotland. Living costs You can apply for a bursary and loan to help with your living costs. Support package for dependent students We manage student loans taken out by students who began courses between 1990 and 1998, previously looked after by the Student Loans Company (SLC). Your eligibility for student finance depends on a number of different factors, such as where you live and what you’re studying. The SLC (The Student Loans Company) is the regulator that delivers UK loans to students. Published 19 April 2019. Students from Scotland and the EU (excluding England, Wales, or Northern Ireland) can study for free in Scotland – the Scottish government pays the yearly course fee on behalf of the student. The threshold for repaying student loans in Scotland is to rise by a further £3,000, it has been announced. Subject Access Requests Operations Services Find more information on the GOV.UK site. Email: customer_complaints@slc.co.uk. The procedures for getting one are different in each of the countries that constitute the UK. However the mistakes you are making as being a young college student may affect your later life so make sure you understand the terms you will be agreeing to. Instalments of student loans paid or payable after the commencement of a student’s bankruptcy, or in Scotland the sequestration of his estate, shall not form part of his estate, and accordingly cannot be claimed by his trustee. 30 June 2020 • The Independent Review of Financial Support for Students in Scotland Consultation ran from 30 June to 31 August 2017. This means that you can apply for a student loan of up to £4,750 regardless of your household income. If you took out a loan during this period, or are unsure which type of loan you have, contact us for advice. Students will need to start repaying their loans soon after finishing their course Credit: Getty - Contributor What are Maintenance loan payment dates for 2020. Budgeting is one of the most important skills you can use while you are a student. Mortgage-style loans: All those who started between 1991 to 1997. But, unfortunately, not all groups of international students in UK are entitled to governmental student loan schemes. If your income is reduced during this period, your student loan repayments will decrease or stop completely. Email: FOI.Publication_Scheme@slc.co.uk. Free tuition to continue for EU students in Scotland. Tel: 0300 100 0601. Open a bank account Be sure to have your bank account set up before you start the student loan application. 17 June 2020. This can be for postgraduate or master's study, as long as it isn’t below SCQF level 11. There are different levels of support available if you are applying as a dependent or independent student, and you don’t need to have a confirmed offer of a place at uni to start the process. Please read on to discover different ways in order to avoid costly education loan mistakes. 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