How do I repay it
Repayments
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.
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How do I repay it