Student loans in the UK

The student loans system is slightly different in eachrelated to your income you are, in my opinion better
individual country of the UK, having only ever been aoff getting as much of a loan as possible to get you
student in Scotland I can only explain the Scottishthrough your studies and then you pay it back when
system. You can apply for a student loan from theyou can afford it.
Student Awards Agency for Scotland (SAAS) if youAs soon as you have your acceptance letter and all
are studying a higher education course, that is athe relevant information send your form away, SAAS
Higher National Certificate or above.are very busy and the later you send your form off
The process of applying to SAAS is fairly simple,the less chance there is of having your money by
once you have your acceptance letter from Collegeyour course start date. As you apply for your tuition
or University pick up a form from there, downloadfees through SAAS you really want to make sure
one from the SAAS website or you can apply online.you have your funding sorted out before you start
The majority of the form is fairly simple although theyour course. Tip: send your form recorded delivery, I
part about your income and if applicable your parentmade the mistake of sending my form regular mail in
or guardian's income is a little confusing. That is why Imy first year and when I hadn't had my
recommend going to your college or university andconformation letter within two weeks and I called to
getting them to help you with the form.check it they said they hadn't received it and I spend
You will have to provide proof of your income alongabout another two weeks chasing it up.
with your parent or guardian's income if appropriate,Once you have your form sent away SAAS will send
you will also have to provide proof of your identity,you a conformation letter within two weeks to let
your birth certificate or passport will do and if Iyou know they have received it, then if they need
remember correctly they accept photocopies.additional information they will contact you again.
Obviously you also have to send them a copy ofOnce your form has been processed SASS will
your acceptance letter for your course.inform you of what they are going to pay you for
You apply through SAAS for both your grant/bursaryyour tuition fees and bursary/grant and you will
and your loan and they forward your application onreceive a separate letter from the Student Loans
to the Student Loans Company if you have appliedCompany regarding any loans you have applied for.
for a loan. There are different types of loan you canThese letters will tell you the dates which you will
apply for, an income assessed loan and a non incomereceive your money and how much you will receive.
assessed loan. Personally I think you are better offThere is also a conformation you must take to your
applying for the income assessed loan as if you applycollege or university, get it signed and hand it in for
for the non income assessed loan you will only getthem to send as conformation that you have started
that amount, if you apply for the income assessedyour course.
loan you have to fill out more information but youProvided there are no problems you will receive your
may just get more money. Obviously this means youmoney straight into your bank account on the dates
have more to pay back but since you don't pay itindicated on the letter you received from SAAS and
back until you are earning in the region of fifteenthe SLC. Your tuition is paid directly to your college or
thousand pounds a year, and your payments areuniversity.