Information for Scottish graduates student debt that is repaying

Information for Scottish graduates student debt that is repaying

Because the graduation period starts, BBC Scotland training correspondent Jamie McIvor provides advice to Scottish graduates on trying to repay their pupil financial obligation.

How can the learning pupil financing system in Scotland work?

Scottish pupils at Scottish universities try not to spend tuition charges. Nevertheless they usually need certainly to borrow significant levels of cash towards cost of living.

They have been eligible to an upkeep loan which will be means-tested and based on home and circumstances. The most they are able to receive is ?5,750 a year therefore the loan that is minimum ?4,750. This only implies that a graduate that has finished a four 12 months level would owe very nearly ?20,000.

Those under 25 whom originate from families where home earnings is below ?34,000 per year also can make an application for a “Young pupils’ Bursary” which doesn’t have become repaid. They could get up to ?1,875 if their household that is annual income below ?18,999. Continue reading “Information for Scottish graduates student debt that is repaying”