HN and Degree Guide 2023/24 October 2022 | Page 66

Finance Options

Tuition Fees ( Full-time Students ) Repaying a student loan
Part-time Students

Studying in Scotland

Depending on your eligibility , if you are going to be studying full-time , you can apply to have your fees paid directly to your college or university . These are non-repayable if you study in Scotland , but you must submit an application every year . If you are studying elsewhere in the UK you can apply for a Tuition Fee Loan , up to £ 9,250 ( more information on this below ).
Living costs ( Full-time Students )
Once you start your first job with a salary over the threshold you will start repaying your loan .
The payments are taken directly out of your salary by your employer so you do not need to remember to make payments or to adjust amounts if you get a pay rise , this all happens automatically .
For up-to-date examples of loan repayment costs go to www . studentloan-calculator . co . uk
If you and your course are eligible for support , you can apply for the Part-time Fee Grant ( PTFG ) to assist with the cost of your tuition fees . The amount of tuition fee that SAAS will pay will be pro-rata based on the number of SCQF credits you are doing . SAAS will pay the PTFG straight to your college , university or private provider . If the cost of your tuition fees is greater than the amount that SAAS award you , you will need to make your own arrangements to cover the shortfall .
If you are eligible for your tuition fees to be paid by SAAS then you may also be eligible for a living cost funding option . Depending on circumstances , you could be awarded a loan , bursary and / or grant to help fund your living expenses while you study . These include :
Income assessed and non-income assessed loans
Young Student Bursary
Independent Student Bursary
Care Experienced Students ’ Bursary
Loan Parents ’ Grant / Loan Parents ’ Childcare Grant
Dependants ’ Grant
Disabled Students ’ Allowance
How much you can receive will depend on your household income .
How to apply
You can apply to us at www . saas . gov . uk from May , as soon as you know the course you want to study . If you don ’ t get on the course you want , you can change / cancel your application through your SAAS Account . Submit your completed application at www . saas . gov . uk and send any supporting evidence via their SAAS Document Uploader . Apply as early as possible and before 30 June so that your funding is in place for the start of your course ( you ’ ll need time to gather your supporting evidence ).
Options for paying fees if you are not eligible for funding
If you have sufficient funds available , then you can just pay the fees to the college or university when they request them and you do not need to worry about the rest of the information on this page .
If you do not have sufficient funds available , then you can apply to Student Awards Agency Scotland ( SAAS ) for a Fee Grant Loan for either part of or all of the fees .
This loan is NOT MEANS TESTED so it is available to everyone irrespective of household income .
This is a LOAN and you will need to repay it once you start working ( more about this later ).
To find out what you could apply for visit www . studentinformation . gov . scot / students / saving-money / fundingcalculator
If you are looking at SAAS information , all loans in Scotland fall under Plan 4 conditions : www . gov . uk / repayingyour-student-loan / which-repaymentplan-you-are-on
66 | Higher Education and Degree Pathways Guide : 2023 / 24