How do repayments work?
- You’ll make no repayments on any of your student loans until you finished studying and are earning over £21,000
- Your repayments are linked to what you earn, not what you owe
- The repayment system works more like a graduate tax than a traditional loan
- The cake chart below shows how an annual salary of £25,000 will be divided - per month it works out at £458 for tax and national insurance and just £30 for student loan repayments
Find out more on the government website.