Hello!! I have a quick question about repayment:
An expert told me "The amount you repay is directly affected by how much you earn".
Question: If my salary keeps constant, so does the amount I repay every year, right? (9% of everything over 21,000)
Thank you very much in advance!
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Last edited by I.M.; 17-04-2013 at 13:19.
- 15-04-2013 17:39
Mark Lee - SFE Official Adviser
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- 17-04-2013 14:41
Yes that's correct but it's very unlikely that your pay would remain the same from year to year due to pay rises in line with inflation.
Hope this hekps,