Will savings affect student loan? (Scotland)

Calfuray

Hello,

Sorry if this is posted in the wrong section. I've been looking around the SAAS website for a while and tried searching, but I can't find the answer to this.

I am currently classed as an independent student, and I am assessed on my partner's wage.

Next year I am due to receive inheritance money and was wondering if this will affect my student loans? I know that you have to declare unearned income such as interest on savings, but will the savings themselves reduce the money I receive?

Thanks in advance!

GlynD

No. Student loans aren't affected by savings if my memory serves me right.

Calfuray

GlynD wrote: »

No. Student loans aren't affected by savings if my memory serves me right.

Thank you!

GlynD

Calfuray wrote: »

Thank you!

It's been about 20 years since I took mine out but the logic was that it's a loan - not a means tested grant. You can be as rich as Croesus but still take out a loan.