Repaying student loan overseas? Watch

moon4
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I looked at the following source for the ‘overseas earning threshold’: https://www.gov.uk/government/public...-loans-2019-20)

What does this all mean? If you move to South Korea what would you need to earn before starting to pay back your student tuition loan and what would repayment be each month?
Last edited by moon4; 2 weeks ago
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999tigger
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(Original post by moon4)
I looked at the following source for the ‘overseas earning threshold’: https://www.gov.uk/government/public...-loans-2019-20)

What does this all mean? If you move to South Korea what would you need to earn before starting to pay back your student tuition loan and what would repayment be each month?
It says once you earn £20,580.00 up to £37,044.00 then its a payment of £160.80

Get SFE to explain it to you because although it says its on the same basis as UK loans I dont get why there is a max threshold. UK its c£25k and then 9% of the excess.

I think you need to ask on the sfe forum to check.
https://www.thestudentroom.co.uk/forumdisplay.php?f=910
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