The Student Room Group

Student loan interest query

Hi! Does anybody know when student loans start accruing interest? I know you only start paying it back a yr or so after the course has finished, just curious about when it starts compounding. Thanks!
From the gov.uk website:

You’re charged interest from the day we make your first payment to you or to your university or college until your loan has been repaid in full or cancelled. Interest is added to your balance each month.

https://www.gov.uk/guidance/how-interest-is-calculated-plan-5
Reply 2
Original post by normaw
From the gov.uk website:

You’re charged interest from the day we make your first payment to you or to your university or college until your loan has been repaid in full or cancelled. Interest is added to your balance each month.

https://www.gov.uk/guidance/how-interest-is-calculated-plan-5

Thankyou! X

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