•
It's almost impossible to default on (unless the graduate is self-employed and fraudulently misreports their earnings, or leaves the country without telling SFE to evade repaying their loan)
•
After 40 years (or when you reach state pension age, if that is sooner), the remaining loan amount is written off entirely
•
Graduates only make repayments when earning over the repayment threshold, and the repayments are proportional to their income and if PAYE employees, will be just taken out of their paycheques along with NI contributions and income tax - so they will never pay more than they can afford to and normally doesn't take any involvement from them to keep it sorted
•
It doesn't affect credit rating
Last reply 2 days ago
Application to Royal Conservatoire Scotland (RCS) 2024Last reply 2 weeks ago
Shortlisted for LAMDA MA without a Callback (UK Applicant)?Last reply 2 weeks ago
What school has the better opportunities/reputation/ courseLast reply 3 weeks ago
First Audition Round RCS (Royal Conservatoire Scotland) 2024Last reply 4 weeks ago
Drama studio London, Artsed, Rose Bruford or GuildfordLast reply 1 month ago
ARE FOUNDATION COURSES (cert he) IN ACTING WORTH IT?Last reply 2 days ago
Application to Royal Conservatoire Scotland (RCS) 2024Last reply 2 weeks ago
Shortlisted for LAMDA MA without a Callback (UK Applicant)?Last reply 2 weeks ago
What school has the better opportunities/reputation/ courseLast reply 3 weeks ago
First Audition Round RCS (Royal Conservatoire Scotland) 2024Last reply 4 weeks ago
Drama studio London, Artsed, Rose Bruford or GuildfordLast reply 1 month ago
ARE FOUNDATION COURSES (cert he) IN ACTING WORTH IT?