When do I pay my student loan back?

Discussion and questions about student financial support arrangements - from government loans and grants to university bursaries. Please use the main Money & Finance forum for more general financial topics.

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  1. Soph.Jade's Avatar
    • Exalted and Worshipped Member
    • Location: Cardiff, Wales
    • Posts: 1,380
    When do I pay my student loan back?
    I did a year at the University of Gloucestershire when the rates were just over £3000, I've been accepted to do a new course at a different uni with the £9000 fees and I'm a bit confused as to when I'll have to start paying it back (when I'm earning £15000 or £21000??
  2. blueflower114's Avatar
    • Exalted Member
    • Posts: 253
    Re: When do I pay my student loan back?
    (Original post by Soph.Jade)
    I did a year at the University of Gloucestershire when the rates were just over £3000, I've been accepted to do a new course at a different uni with the £9000 fees and I'm a bit confused as to when I'll have to start paying it back (when I'm earning £15000 or £21000??
    When ever you start earning over £21,000 you pay your loan back in your taxes when you get paid.
  3. TheRustaman's Avatar
    • Exalted Member
    • Posts: 389
    Re: When do I pay my student loan back?
    You pay back the £3000 when you're earning £15000, and the £9000 a year when you earn £21000.
  4. ZeeAli's Avatar
    • Exalted Member
    • Location: UK
    • Posts: 310
    Re: When do I pay my student loan back?
    i think you have upto the age of 50 to pay it back as well lol
  5. Soph.Jade's Avatar
    • Exalted and Worshipped Member
    • Location: Cardiff, Wales
    • Posts: 1,380
    Re: When do I pay my student loan back?
    (Original post by TheRustaman)
    You pay back the £3000 when you're earning £15000, and the £9000 a year when you earn £21000.
    Thank you
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