You will only start repaying any government loans in the April after you leave university, if you are in work and earning over £25,000 per year.

Repayments will be made at 9% of income above this £25,000 threshold so the amount repaid each month will depend on your earnings. If for any reason your income falls below £25,000, your repayments will be suspended. Payments are straightforward as they will be deducted automatically from your pay through the tax system (PAYE).

If you have not paid off your loan after 40 years all outstanding repayments will be written off.

Interest rates

Students only pay interest at the Retail Price Index.

Note: Repayment thresholds may differ if you're not from England. Please visit GOV.UK for repayment thresholds outside of England.

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