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

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

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

Does the new £21,000 student repayment threshold apply to previous graduates?

Currently im paying back 10% of earnings over £15,000 per month but will the threshold be raised to £21,000 for students who graduated before the increased tuition fee's begin?

Original post by 'James Hunt'

Currently im paying back 10% of earnings over £15,000 per month but will the threshold be raised to £21,000 for students who graduated before the increased tuition fee's begin?

I think you'll find it is 9%, not 10%, and things won't change as you are on the old scheme.

OP

Thanks buddy.

Yep i know it's 9% but just makes it alot easier to round it up to 10%.

Gutted about the threshold though :frown:

:frown:

What percentage will new graduates be paying back then?

Just be happy you aren't paying interest on it.

http://www.bbc.co.uk/news/education-12767850

hypocriticaljap

Original post by MillerTraub

Just be happy you aren't paying interest on it.

http://www.bbc.co.uk/news/education-12767850

You are paying interest on it.
The lower of RPI or bank base rate plus 1%.

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