While you are at university you will have to consider both living and study costs. Study costs will include books, printing, internet, placement costs and living expenses such as accommodation, travel, socialising and childcare (if applicable).
There are several ways in which students fund living and study costs:
- Student Loan: Eligible full-time Scottish domiciled students can apply for a loan to help cover living costs. Detailed guidelines are available from SAAS. The amount of loan you can get depends on your age and you and your parents’ or partner's income. You will not have to start repaying your loan until after you have left university and you are earning more than £18,330 a year.
- Young Students’ Bursary (YSB): This is a non-repayable grant which can help students under 25 years old whose parents have a low income. You can use this bursary to help with living costs while you study. Check the SAAS website for more information.
- Independent Students’ Bursary (ISB): This is a non-repayable grant which can help students who are ‘independent’, for example, if you are 25, or married/in a civil partnership/living with a partner, or have a child dependent on you before the start of your course. You can use this bursary to help with living costs while you study. Check the SAAS website for more information.
- Care Experienced Bursary: If you are under 26 at the start of your course, are undertaking an eligible undergraduate course and have been in the care of a Local Authority, you will be eligible to apply for a bursary of £8,100. If you receive the Care Experienced Bursary, you will not be eligible to apply for a student loan. Check the SAAS website for more information.
- Additional grants: depending on your personal circumstances, you may be able to apply for additional grants:
- Lone Parents’ Grant (income-assessed)
- Dependants’ Grant for adult dependants (income-assessed)
- Care Experienced Accommodation Grant
- Disabled Students Allowance
These grants should be applied for through SAAS.