Student Loans - SAAS
You can apply for a student loan for general living costs while you study.
Awarding Body
Student Awards Agency for Scotland (SAAS)Value
拢8,400 - 拢10,400Deadline
31 MarchQuantity of Awards
One application per student per academic yearOverview
Depending on your household income you may also be eligible for a bursary.
You can choose to receive your loan over term-time or over the year.
The maximum non-income assessed loan is 拢8,400. This means that you can apply for a student loan of up to 拢8,400 regardless of your household income. The amount available will increase if your household income is less than 拢34,000 per year.
Support package for young students
| Household income | Bursary | Loan | Total |
| 拢0 to 拢20,999 | 拢2,000 | 拢9,400 | 拢11,400 |
| 拢21,000 to 拢23,999 | 拢1,125 | 拢9,400 | 拢10,525 |
| 拢24,000 to 拢33,999 | 拢500 | 拢9,400 | 拢9,900 |
| 拢34,000 and above | 拢0 | 拢8,400 | 拢8,400 |
Support package for independent students
| Household income | Bursary | Loan | Total |
| 拢0 to 拢20,999 | 拢1,000 | 拢10,400 | 拢11,400 |
| 拢21,000 to 拢23,999 | 拢0 | 拢10,400 | 拢10,400 |
| 拢24,000 to 拢33,999 | 拢0 | 拢9,900 | 拢9,900 |
| 拢34,000 and above | 拢0 | 拢8,400 | 拢8,400 |
Repayment
Repayment of your loans will not begin until the April after you complete or otherwise leave your course.
Repayments will only be sought once your income is more than 拢31,395 a year. If your income drops below this amount repayments stop and will restart when it reaches this level again. Payments will be made through the Inland Revenue and will begin automatically once your income reaches the appropriate level. The amount you have to repay each year will be 9% of your annual income over 拢31,395, ie the first 拢31,395 of income will be disregarded and you will repay 9% of your income above that level.
Details on how to repay loans can be found on the Government website:
Interest rates
For further details about repaying your loan and the interest rate:
Eligibility
Eligible Countries of Residence
- Scotland
Eligible Courses
Course Level
- Undergraduate
Mode of Attendance
- Full Time
Mode of Study
- On Campus
Subject Area
- All Subjects
Other Requirements
Students on Nursing, Midwifery and Paramedic Sciences courses are NOT eligible for SAAS Student Loans.
Applicants must have met the conditions set out by SAAS.
How to Apply
Application should be made directly to Student Awards Agency for Scotland (SAAS), with a conditional or unconditional offer from April onwards.