Repayments
How you will repay your student loan for living costs.

- If you have a Plan 4 student loan:
You’ll only repay when your income is over £480 a week, £2,083 a month or £25,000 a year (before tax and other deductions).
Key points
- You do not have to pay tuition fees upfront.
- You only pay back your loan when you earn the threshold amount according to the plan you are on.
- The amount will automatically be taken out of your salary.
- Student loans do not go on credit files.
- Repayments are made over the course of 30 years.
- After 30 years, even if you haven’t finished paying the loan, it is wiped off.
How loan repayments work
- Repayments on your loan will start in April after you leave the University, provided you are earning over the threshold according to the plan you are on for repayment.
- If your income falls below the threshold your repayments stop - for example if you take a career break or are unemployed - until you start earning over the threshold again.
- All your student loans are added together and your employer will automatically take repayments from your salary, at the same time as they take tax and National Insurance contributions.
- If you are self-employed, HM Revenue & Customs will collect your repayments through the self-assessment system, along with your tax.
- Any outstanding balance is written off after 30 years.
Further details on the repayment of student loans can be found on the Student Loans Company website.