Does maintanance loan debt 'go on' or 'next to' top of tuition fee debt Watch

zacsaturday
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If I have 10k in Tuition Fee debt, and another 10K in Maintanance, do I pay 9% over 25K twice, or do the amounts get merged into one account that I pay 9% over 25K.
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12doeb
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If you have applied through student finance England, then the amount is just totalled up at the end of the course. So you will pay the 9% of the total balance.
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claireestelle
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(Original post by zacsaturday)
If I have 10k in Tuition Fee debt, and another 10K in Maintanance, do I pay 9% over 25K twice, or do the amounts get merged into one account that I pay 9% over 25K.
They re merged in one account
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zacsaturday
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(Original post by claireestelle)
They re merged in one account
So essentially, you pay the same (per month) whether or not you've gone to university just for 1 year, or gone for a Bachelors+Masters with Maintanance loans every year?
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claireestelle
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(Original post by zacsaturday)
So essentially, you pay the same (per month) whether or not you've gone to university just for 1 year, or gone for a Bachelors+Masters with Maintanance loans every year?
Yes it's the same amount of income regardless of how much your total debt is
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AdamB09
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(Original post by zacsaturday)
So essentially, you pay the same (per month) whether or not you've gone to university just for 1 year, or gone for a Bachelors+Masters with Maintanance loans every year?
Yes, but you’ll pay it off far faster if you have only gone for one year! Be aware that most people will probably not pay all of it. Anything not paid off after 30 years is written off anyway.

Remember that in the UK at least, student debt isn’t like normal debt. Your employer pays it for you out of your salary, so you don’t even see the money. It also doesn’t show up on a credit check, and you only pay 9% of your income above £25,000.
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12doeb
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https://www.ucas.com/student-finance...r-student-loan

Here is an article from ucas that explains it in a bit more detail.
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MrMoment
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(Original post by zacsaturday)
So essentially, you pay the same (per month) whether or not you've gone to university just for 1 year, or gone for a Bachelors+Masters with Maintanance loans every year?
If you do a masters, I believe you’re entitled up to around £11,000 in loan for course/living costs. This debt is charged alongside your bachelors, at around 6% (whereas for an undergraduate course it’s 9%) of your salary. Hence, the total would be 15% of your earnings.

This only applies to masters that you apply for as a postgraduate.
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zacsaturday
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(Original post by MrMoment)
If you do a masters, I believe you’re entitled up to around £11,000 in loan for course/living costs. This debt is charged alongside your bachelors, at around 6% (whereas for an undergraduate course it’s 9%) of your salary. Hence, the total would be 15% of your earnings.

This only applies to masters that you apply for as a postgraduate.
But not a Masters that is integrated?
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12doeb
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(Original post by zacsaturday)
But not a Masters that is integrated?
No, as it would be classed as an undergraduate degree since you have not graduated with a degree yet.
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