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    Hello,

    So I received an email a few weeks ago explaining how much student finance I will be paying back each month, and I noticed that the interest percentage is also dependent on my income. I was hoping someone could help me understand why as this doesn't seem particularly fair?

    Thanks
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    (Original post by georgiab18)
    Hello,

    So I received an email a few weeks ago explaining how much student finance I will be paying back each month, and I noticed that the interest percentage is also dependent on my income. I was hoping someone could help me understand why as this doesn't seem particularly fair?

    Thanks
    The higher your earnings the less the government subsidise the loan interest.

    Those on low income get the maximum subsidy on their loan interest, those on high incomes get a small subsidy on their loan interest.
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    Hi georgiab18

    We have lots of information on the repayments website also: http://bit.ly/1kg0AGq

    thanks
 
 
 
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