2 minute read
Government financial support Scotland
GOVERNMENT FINANCIAL SUPPORT FOR STUDENTS NORMALLY RESIDENT IN SCOTLAND
FOR FULL-TIME UNDERGRADUATE STUDY*
Government funding for students starting their studies in September 2022 has not yet been announced. The following information is provided for guidance and is for 2021 entrants.
Tuition Fee loans
Tuition Fees for full-time UK students starting undergraduate courses in September 2021 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 £25,000. This figure is index linked and likely to increase year on year. • 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 £5,750 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.
HOUSEHOLD INCOME** BURSARY LIVING COST LOAN TOTAL FOR LIVING COSTS
Up to £20,999 £21,000 to £23,999 £24,000 to £33,999 £34,000 or more £2,000 £1,125 £500 £0 £5,750 £5,750 £5,750 £4,750 £7,750 £6,875 £6,250 £4,750
* subject to eligibility criteria. Please see www.saas.gov.uk ** Assessment is based on income for the 2019/20 tax year
HOUSEHOLD INCOME** BURSARY LIVING COST LOAN TOTAL FOR LIVING COSTS
Up to £20,999 £21,000 to £23,999 £24,000 to £33,999 £34,000 or more £1,000 £0
£0
£0 £6,750 £6,750 £6,250 £4,750 £7,750 £6,750 £6,250 £4,750
** Assessment is based on income for the 2019/20 tax year Students from Scotland can use the Budget and Funding Calculator on https://www.studentinformation.gov.scot/help/calculator-introduction to estimate funding available.
Additional support available • Grants for students with a disability to help with extra costs.
How to apply
For more information and to apply online, please visit www.saas.gov.uk. Applications can be made from early 2022.
***Independent students are those over the age of 25 and those under the age of 25 who: • Have no living parent, or • Have supported themselves from earnings for any 3 years before the first day of the first academic year of their course, or • Have been permanently estranged from their parents for at least one year before the start of their course, or • Have a child dependent on them, or • Are married, in a civil partnership or living with a partner who is not a student
Dependent students are those under the age of 25 who do not meet the criteria to be classed as independent.
