Student Finance Booklet

Page 12

12

GOVERNMENT FINANCIAL SUPPORT FOR STUDENTS NORMALLY RESIDENT IN SCOTLAND FOR FULL-TIME UNDERGRADUATE STUDY* Tuition Fee loans Tuition Fees for full-time UK students starting undergraduate courses in September 2022 will be £9,250

• Students do not need to pay for their course upfront. • Students can apply for a loan to cover the cost of their tuition fees. Repayments start when the student has finished their course and is earning over £25,375.

• Students need to re-apply for their funding each year. Maintenance Loan

• Available to help with living costs such as food, accommodation and travel. • A loan of up to £6,100 will be available if you live away from home. • The Living Cost loan is normally paid in three equal instalments over the academic year. . Bursary If your taxable household income is assessed at £34,000 or below, you can apply for a maintenance grant of up to £2,000 a year. Maximum bursary is £2,000 if household income is £20,999 or less. You do not have to re-pay this bursary.

Care Leavers

• Separate funding of £8,100 is available for eligible care experienced students consisting of a

funding package of tuition fee and non-income assessed Care Experience Students Bursary.

Annual package of support 2022/23 (Dependent***students living away from home) HOUSEHOLD INCOME**

BURSARY

LIVING COST LOAN

TOTAL FOR LIVING COSTS

Up to £20,999

£2,000

£6,100

£8,100

£21,000 to £23,999

£1,125

£6,100

£7,225

£24,000 to £33,999

£500

£6,100

£6,600

£34,000 or more

£0

£5,100

£5,100

* subject to eligibility criteria. Please see www.saas.gov.uk ** Assessment is based on income for the 2020/21 tax year


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.