The Student Room Group

Repaying my loans

Hi there,

I have previously availed of an undergraduate loan in 2017 as well as a postgraduate loan in 2020. Currently, I am considering undertaking a part-time PhD and applying for a doctoral loan in order to cover the tuition fees association with this.

What I would like to know is whether the 6% repayments for my postgraduate loan and doctoral loan (should I take it) will be taken from the same pot or whether I will have to repay 6% per annum on each loan seperately?

To illustrate my question Iif it isn't clear will use arbitrary numbers. Lets say I borrow £1,000 as part of my undergrad loan, £1,000 as part of postgrad loan, and £1,000 as part of my doctoral. Obviously, if I am earning over £27,295 per annum I will 9% of my income over this threshold back. But what I am struggling to understand is whether I will repay 6% of my income for the postgraduate loan, and 6% of my income for the doctoral loan. This would leave me with a total income repayment percentage of 21% (9% undergrad + 6% post + 6% doctoral). Or is my 6% repayment for the combined pot of money borrowed for my postgrad and doctoral loan? This would make my total repayment 15% (9% undergrad + 6% postgrad & doctoral).

I hope this makes sense.
Hi there. For this query we will need you to contact our Repayments department, as we don't deal with repayment enquiries on the forum.

You can contact them using one of the following:

If you prefer to communicate to them via chat then you can message them on X (Twitter): https://twitter.com/SLC_Repayment or Facebook: http://m.me/SLCRepayment

Alternatively, they are also available on the phone. Their number is 0300 100 0611 and their opening hours are Mon-Fri, 8am-6pm.

Thanks, Leah.

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