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Mortgage Loans Debt
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Student Loans - 2007/05/08 20:28
Student loans are part of the government's financial support package for students embarking on a course of higher education. They are available to help students meet their living costs while studying.
Student loans are available to all students in higher education, with every student entitled to 75% of the maximum loan, regardless of their income or financial status. To receive the full loan amount the student must pass certain criteria, which takes into account household income to means test the applicant.
Applying for one is a fairly straightforward process, there are the usual forms to fill in giving your details, generally speaking completing the application doesn't take long.
Your local award authority handles the first stage of your loan application. Regardless of where you are studying, if you are from England and Wales you will apply to your Local Education Authority. If you are from Scotland you will apply to the Student Awards Agency for Scotland and if you are from Northern Ireland your loan application should be made to your Education and Library Board.
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