How you will repay your tuition fees and student loan.
You only start repaying your student loans after you leave your degree programme and are earning more than £21,000.
- you do not have to pay tuition fees upfront
- you only pay back your fees when you earn more than £21,000
- 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 the April after you leave the University, provided you are earning more than £21,000 a year
- if your income falls below £21,000, your repayments stop - for example if you take a career break or are unemployed - until you start earning £21,000 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.