Repaying your loan
- You will not start to make repayments of your tuition fee loan and your
living cost loan until you are earning over £21,000 a year.
- If your income
falls below £21,000 your repayments stop until you start earning over £21,000
again.
- You repay 9% of your income above £21,000. The amount you pay depends on how
much you earn. For example, if your salary is £25,000 a year, you pay nine per
cent of £4,000, which is £6.92 a week.
- Tuition fee loans and maintenance loans are added together and a single
repayment will be deducted from your salary, normally through the tax system.
Any outstanding balance is written off after thirty years. | 