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All figures based on the 2017/18 academic year.
We’ll be adding information for academic year 2018/19 soon.
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Repaying your loans

You might not be thinking about how you’ll repay your student loan right now, but it’s really important to understand exactly what’s involved in student loan repayment for when the time comes to repay.

Tuition Fee Loans and Maintenance Loans have to be repaid - but not until you've finished or left your course and your income is over the current repayment threshold of £21,000 a year, £1,750 a month or £404 a week

Here's a guide to repaying your loans in three easy steps!

step one how do I repay

You'll be due to start repaying your loan the April after you finish or leave your course.

You only repay once you've left university or college and your income is over £21,000 a year, £1,750 a month or £403 a week.

If your income stops or falls below the threshold, your repayments will automatically stop.

step two how much

If you’re employed, your employer will automatically take 9% of your income above the threshold through the UK tax system (PAYE). Your employer tells HM Revenue & Customs (HMRC) how much student loan you’ve repaid.

If you're self-employed you'll pay directly to HMRC through self assessment.

After the end of the tax year HMRC tells us how much you've repaid that year and we apply it to your balance.

If you move abroad and don’t pay tax in the UK your monthly repayments will be based on the earnings threshold for your destination country and you’ll repay directly to us.

step three how much

Repayments are based on your income, not what you borrowed.

You pay 9% of your income over the threshold. For example, if you're paid monthly and earn £2,250 before tax you'll repay 9% of the difference between what you earn and the threshold:

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£2,250 - £1,750 = £500

9% of £500 = £45

So your student loan repayment would be £45 in that month.


Interest is charged from the day we make your first payment until your loan is paid off in full.

The amount of interest charged is based on the UK Retail Price Index (RPI)* and will vary depending on your circumstances. For the latest interest rates go to our repayment quick start guide

The interest rate is updated once a year in September, using the rate of RPI from March.

Any loan remaining after 30 years will be cancelled.

*The Retail Price Index (RPI) is a measure of UK inflation. It measures changes to the cost of living in the UK

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