Information for Scottish graduates student debt that is repaying

Information for Scottish graduates student debt that is repaying

Once the graduation period begins, BBC Scotland training correspondent Jamie McIvor offers advice to Scottish graduates on trying to repay their pupil financial obligation.

How exactly does the learning pupil money system in Scotland work?

Scottish pupils at Scottish universities usually do not spend tuition costs. Nonetheless they usually need certainly to borrow significant quantities of cash towards cost of living.

These are typically eligible to an upkeep loan that will be based and means-tested on home and circumstances. The most they are able to receive is ?5,750 per year together with loan that is minimum ?4,750. This only implies that a graduate that has finished a four degree would owe almost ?20,000 year.

Those under 25 whom originate from families where home earnings is below ?34,000 per year may also make an application for a "Young pupils' Bursary" which doesn't have become reimbursed. (more…)

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