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Year 12s: what will be the first way you research your future options? >>

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GB,1996

hi just wondering if anyone knows what the repayment rate was when you signed up last year was it as high as 9% of your yearly income???????

(edited 7 years ago)

Reply 1

Tiger Rag

It's been 9% for years. Even under the old system (which I'm on) it's 9% of your earnings.

Reply 2

Doones

Original post by GB,1996

hi just wondering if anyone knows what the repayment rate was when you signed up last year was it as high as 9% of your yearly income???????

9% of earnings above £21k.

If you are earning £30k that's equivalent to the same price as a daily Starbucks.

See plan 2 here:
https://www.gov.uk/repaying-your-student-loan/what-you-pay

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(edited 7 years ago)

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