Student finance repayments
Hello,
I read that you will repay your student loan only if you earn a certain amount per year. Unfortunately i do not earn that amount yet.
On the website it said you also need to make repayments when you have unearned income over £2000. I don't understand that.
I have an ISA. I have around £5000 in that. Interest is around 1% or so. Will it affect my repayments?
I read that you will repay your student loan only if you earn a certain amount per year. Unfortunately i do not earn that amount yet.
On the website it said you also need to make repayments when you have unearned income over £2000. I don't understand that.
I have an ISA. I have around £5000 in that. Interest is around 1% or so. Will it affect my repayments?
Original post by abarna92
Hello,
I read that you will repay your student loan only if you earn a certain amount per year. Unfortunately i do not earn that amount yet.
On the website it said you also need to make repayments when you have unearned income over £2000. I don't understand that.
I have an ISA. I have around £5000 in that. Interest is around 1% or so. Will it affect my repayments?
I read that you will repay your student loan only if you earn a certain amount per year. Unfortunately i do not earn that amount yet.
On the website it said you also need to make repayments when you have unearned income over £2000. I don't understand that.
I have an ISA. I have around £5000 in that. Interest is around 1% or so. Will it affect my repayments?
unless interest rates rise above 40% you wont have interest income above £2k.
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