Information for Scottish graduates repaying pupil financial obligation

Information for Scottish graduates repaying pupil financial obligation

Given that graduation period starts, BBC Scotland education correspondent Jamie McIvor provides advice to Scottish graduates on trying to repay their pupil financial obligation.

How can the learning pupil money system in Scotland work?

Scottish pupils at Scottish universities try not to spend tuition charges. Nevertheless they frequently need to borrow significant quantities of cash towards bills.

They truly are eligible for a upkeep loan which can be based and means-tested on home and circumstances. The most they could receive is ?5,750 per year together with minimal loan is ?4,750. This only implies that the graduate who’d finished a four 12 months level would owe nearly ?20,000.

Those under 25 whom result from families where home income is below ?34,000 per year also can submit an application for a “Young pupils’ Bursary” which doesn’t need become reimbursed. They could get up to ?1,875 if their yearly home earnings is below ?18,999.

The scholar Awards Agency Scotland is in charge of these bursaries and loans, involved in combination because of the learning student Loans Company.

Numbers through the student education loans Company suggest that the typical degree of graduate debt in Scotland may be the cheapest in the united kingdom. 继续阅读“Information for Scottish graduates repaying pupil financial obligation”