The Student Room Group

Maintenance loan and Student Loan confused!!

Hi I am soooo confused . My question is as follows

I took out 7000k maintenance loan plus 27k student loan total is 34k .

If I earn 30k or 35 k a year how much total will be taken out a year or monthly.

I dont understand this this about inflation . ALL I want to know is if I am on 35 k a year how much TOTAL WILL I PAY BACK INCLUDING Interest and inflation. Also, how much is the debt 34k + interest ?
Original post by muzi786
Hi I am soooo confused . My question is as follows

I took out 7000k maintenance loan plus 27k student loan total is 34k .

If I earn 30k or 35 k a year how much total will be taken out a year or monthly.

I dont understand this this about inflation . ALL I want to know is if I am on 35 k a year how much TOTAL WILL I PAY BACK INCLUDING Interest and inflation. Also, how much is the debt 34k + interest ?


Hi muzi786,

The income threshold and how much you repay will depend on when you first took out your student loan.
You can check your balance online and repayment thresholds on the below website.

http://bit.ly/1kg0AGq

Thanks

Louise

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