Student loan - how much do you pay back?

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    Just wondering how much per month newly qualified pay back? Some people say it's not noticeable but others say it's quite high??
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    Depends on how much you earn! ie with London weighting, a 26k salary will be £60 per month (according to my mortgage advisor).
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    (Original post by wbnurse)
    Just wondering how much per month newly qualified pay back? Some people say it's not noticeable but others say it's quite high??
    I think mine is about £40 a month. I'll double check on my payslip when I get home
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    (Original post by PaediatricStN)
    I think mine is about £40 a month. I'll double check on my payslip when I get home
    Thankyou I've estimated il be approx 84 when I've paid all mine off 😂
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    (Original post by wbnurse)
    Thankyou I've estimated il be approx 84 when I've paid all mine off 😂
    Haha!

    Ok, so my pay this month was at the higher end of the normal kind of range... And I paid £39 toward my student loan
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    85 years old? Its written off after 30 years plus u're only paying about £7000 back bcos u're currently receiving bursary? Which u dont pay back so im sure u'll pay it all of before 30 years. ppl starting in 2017 will have about £52,000 debt in student loan.
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    (Original post by PaediatricStN)
    Haha!

    Ok, so my pay this month was at the higher end of the normal kind of range... And I paid £39 toward my student loan
    If u dont mind me asking, r u band 5 or 6 ?
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    (Original post by Zainab96)
    85 years old? Its written off after 30 years plus u're only paying about £7000 back bcos u're currently receiving bursary? Which u dont pay back so im sure u'll pay it all of before 30 years. ppl starting in 2017 will have about £52,000 debt in student loan.
    I already have a loan from a previous degree.......
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    I think its around £100 for me. Sometimes a bit less or more depending on shift enhancements.

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    I've already started paying mine back from a previous degree even though I'm still currently a student and don't earn enough.
    They work it out month by month and then see if you need to pay anything back....
    Some months I've paid £5...others I've paid around £40.
    Depends on your monthly pay.
    They take a percentage (can't remember what.. I have it written down somewhere).
    It also depends on if you have a loan from prior to 2008 (is it?) When the loan system changed.
    Basically...ring student loans and ask them for clarification.
    They've been really helpful when I've asked.

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    (Original post by Zainab96)
    If u dont mind me asking, r u band 5 or 6 ?
    I'm Band 5
 
 
 
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