Funding C

For more information on repaying student loans visit Gov.UK website.

Repaying Your Student Loans

You will only start to repay your student loans once you have completed your studies and your income is above the earnings threshold. Your tuition fee loan and maintenance loan will be added together and paid back in the same way, with the same rate of interest applied. Repayments will be deducted from your salary if you are an employee. If you are self employed you will need to calculate and make your own repayments.

Repayment and rates of interest vary depending on the year that your course started. You can pay back all or some of your loans at any point without having to pay an early repayment charge.

The rate of interest and the terms and conditions of your student loans can change in line with Government legislation and review. Any change in repayment conditions should be communicated to you by your relevant UK Funding Body, eg Student Finance England.

 

For full details, please see the GOV.UK webpages