Education, Study UK, Teaching
There are a number of student loans available according to the course and study level you propose. Student Loans Company (SLC) http://www.slc.co.uk is the UK public sector organisation to provide student loans to students in relation to loans and grants to students studying at college and university in England, Northern Ireland, Scotland and Wales.
Student loans assistance can help full-time students, although the assistance you receive depends on the course, where you reside while studying and when applying, and your individual and families circumstances.
In general you can receive 4 years of student loans and further financial assistance:
Tuition fee loans to cover the cost of tuition fees.
Maintenance loans to cover the cost of living expenses to a certain amount.
Grants for living costs to cover the cost of living expenses to a certain amount.
Bursaries and scholarships from universities and colleges in the UK
Students that qualify could receive additional help if they have children or adult dependants, have a disability, or learning difficulty.
Most student loans issued to student will be for the tuition fee loan plus a maintenance loan, and this will be paid directly at the start of each academic term, each year of study. Students on eligible courses qualify for 72% of the maximum loan, no matter regardless their income, and the rest is income assessed. All student loans accrue compound interest at the rate of inflation.
Repayment of student loans is through PAYE through the tax system, and only after you have completed or left your course and earning over £15,000. You can also make lump sum payments. Should you earn under £15,000 per year a student can defer all loan repayment for 12 months by application.
Additional Student Loans
Tuition fees for part-time students for a course designated as part-time lasting at least one year, it leads to an HE qualification, and it requires no longer than twice the time required to study the course full time. The student loans for part time are subject to income and intensity of study.
Oxbridge College fee loan
Students who have an honours degree but are entering Oxbridge courses to gain entry to specified professions will be charged a college fee as well as the ordinary tuition fee.
Students looking for student loans that live in Scotland should visit www.saas.gov.uk
to apply for tuition fees loans, grants and travel expenses for a higher education course such as a Higher National Diploma or a degree. Students apply through the Students Awards Agency Scotland (SAAS) if they live in Scotland and intend to student anywhere in the UK. Student loans and grants available are the same as England Wales and N Ireland.
Eligible to apply for Support
Students to be eligible to apply for support through (SAAS) you must meet residence conditions when applying and be studying a course of higher education at HNC or equivalent level or above. To meet the residence conditions you must have been ordinarily resident in the United Kingdom, the Channel Islands or the Isle of Man for the three years immediately before the first day of the first academic year. Other people may qualify according to residency.
As with all the UK student loans are only payable for 4 to 5 years depending on your courses of study. Student loans you can receive are the same amounts as with all UK applicant and condition of status for financial and family assistance.
Written by: Education Tay RCB