Student Loans Company

Who is eligible For A Student Loan?

The government, who administers this, owns the Students Loan Company. The loans are intended for full time first degree students of Higher Education Courses at universities or colleges.

Mature students up to the age of 50 can apply for a loan and up to the age of 54 if you intend to work after you graduate.

Overseas students are not eligible for the student loan, even if you are from the European Union.

Borrowing

The rates for the student loan are reviewed annually, and will vary to where you are studying. The Students Loan Company will usually pay loans in three installments, or you can opt for the loan to be paid in one installment these are usually paid directly into your personal bank or building society account.

Maximum Loans in 2001/2002 Full Year Rates	Max Available 75%	Not Dependant on Income	25% Dependant on Income	Final Year Max Available
Students Living Away from Home	4700	3525	3055	4075
London	3815	2860	2485	3310
Elsewhere
Students Living at there Parents Home studying in London	3020	2265	755	2635

Approximately 75% of the student loan is available to the majority of students, the reaming 25% is assessed on your income or your parents

Repayment

You start to repay after leaving university college and when your income is £12,000 per annum, Interest is calculated to inflation, so what you repay will be what you borrowed.

Students Loans Company Information

Website address www.slc.co.uk

Address

Students Loan Company Limited 100 Bothwell Street Glasgow G2 7JD

General questions and queries about the student loans scheme, or about when you receive your loan Tel No. 0800 40 50 10

For questions about your loan account

For advice on repaying your Student loan 0870 242 3220 Deferment Enquiries 0870 6060704