Fees, Funding, bursaries and loans explained
There are three main sections of SAAS and Student Loan funding and how they are paid. You will receive a SAAS Award letter on your account, this letter details your tuition fees and bursary, including how much student loan you will receive. You will then receive a separate payment schedule from the Student Loan company detailing your loan payments. Please send these to us as soon as you receive them to organise your payment schedule.
Please do not hesitate to contact the admissions team for assistance and for any questions you may have. If you are applying for SAAS funding, you will receive a ‘SAAS Guidance’ email, detailing the application process. This includes some useful links to assist you in your application, as well as advice on what additional funding you may be eligible for dependent on your circumstances.
If you would like any assistance with your SAAS application please contact Steph 07547 793 563 via call, email, text or Whatsapp
How do I qualify for funding?
1. Studying our HNC Fashion Makeup Course or HND Makeup Artistry Course. 2. Ordinarily resident in Scotland on the first day of the first academic year of the course
SAAS BURSARY
Your bursary is paid in monthly instalments, you do not have to pay this back unless you leave the course prematurely. If you do leave before gaining your qualification, you may have to pay back a percentage of your bursary. This is dependent on how far into the course you are and how much bursary you have received. For example, if you completed 50% of the course but received 60% of your bursary, you would have to pay back the remaining 10%.
How much money would I qualify for?
£0
SAAS Tuition Fee
This is a one-off payment of £1205 that is paid directly from SAAS to GlamCandy Ltd. This is a grant that you do not pay back.
SAAS Tuition Fee
This is a one-off payment of £1205 that is paid directly from SAAS to GlamCandy Ltd. This is a grant that you do not pay back.
SLC STUDENT LOAN
This is paid in monthly instalments, however you do have to pay this back. Below you will find an income threshold, if your annual income is below this amount you will not be required to make any repayments. Student loans from SLC do not require a credit check. As of April 2021, the threshold for repayments has been raised to £25,000 per annum (before deductions). Student Loans Company will expect you to repay 9% of your annual income if you earn over £25,000 per year. This amount can change with inflation, and a different limit may apply if you move to live outside of the UK.
SHORT COURSES AND MAKEUP KITS
Payl8r lets you buy the products you want today without worrying about the cost. With our flexible repayment plans, you decide when and how to pay back. Simply click the Payl8r button at checkout or receive a payment link from participating stores and spread the cost of your purchases into monthly instalments.
HOW MUCH CAN I BORROW FROM PAYL8?
You can borrow from £50 - £2000
What is the cost of using Payl8r?
Interest rates range from 1% -6% per month. Application fees will apply. *Interest rates will vary subject to credit
How do we assess your affordability?
If you fail a traditional credit check, rather than rejecting your application we may give you the option to submit your affordability instead. We use OpenBanking which enables you to submit a 90 day bank statement to support your application.
How do we assess your affordability?
Payl8r is flexible finance for this generation. We don’t penalise you for having a thin credit file and use a soft search which will not affect your credit! If you have a thin credit file we will assess your affordability instead.
