Turn on thread page Beta

Concerned about going into Teacher Training given how much I owe for undergraduate... watch

    • Thread Starter
    Offline

    20
    ReputationRep:
    How much would I have to repay if I earned over £21,000 and borrowed on both plans?

    Okay finding this really confusing...

    Did a 5 year course at Edinburgh uni, one year of which was Erasmus so no tuition fees. It was on the old plan as I started the course in 2010. I got the maximum loan and grant given my parent's low household income. It was also back when tuition fees cost only £1850 (approx).

    From September I am going to be doing a PGCE at UCL. £9000 for the year, plus planning on getting the maintenance loan, which I think is around £5800.

    Say I were to earn over £17,000 or £21,000 a year, what would the maximum amount I would have to pay back be per year and per month? I know this would be a very average amount, but I am worried about going in to teacher training given how in debt I already am.
    • Official TSR Representative
    Offline

    2
    ReputationRep:
    Official TSR Representative
    Hi lizfairy

    You pay back 9% of earnings over the threshold. Current plan 1 threshold £17335 and plan 2 £21000

    There are some examples at the bottom of this page: http://bit.ly/19gREvX

    Thanks
 
 
 

University open days

  1. University of Bradford
    University-wide Postgraduate
    Wed, 25 Jul '18
  2. University of Buckingham
    Psychology Taster Tutorial Undergraduate
    Wed, 25 Jul '18
  3. Bournemouth University
    Clearing Campus Visit Undergraduate
    Wed, 1 Aug '18
Poll
How are you feeling in the run-up to Results Day 2018?
Useful resources

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.