Here is the most up-to-date information available from The Law Society of Scotland on funding for the Diploma/PEAT 1 in 2012/13.
"The Scottish Government have announced changes to the way in which certain postgraduate courses, including the Diploma in Professional Legal Practice, will be funded for the 2012/13 academic year. All students who meet eligibility criteria and who have secured a place on the Diploma to start in 2012 will be able to apply through the Students Awards Agency for Scotland (SAAS) for a tuition fee loan towards the cost of fees. The maximum loan available is £3,400 for full time study and £1,700 for part time study. The loans will not be means tested and repayment will commence once the student has graduated, is in employment and is earning above the student loan repayment threshold, which will be £15,795 from April 2012."
Further information is available on the SAAS website at http://www.saas.gov.uk/student_support/funding_update.htm "