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    Im sure this has probably been asked before but I would appreciate some help. Ive finished uni with over 18k debt ish, and I would like to know what per cent of my wage they take, say for example I earned 20,000 a year, how much would they take a week?

    Thank you.
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    (Original post by grant5)
    Im sure this has probably been asked before but I would appreciate some help. Ive finished uni with over 18k debt ish, and I would like to know what per cent of my wage they take, say for example I earned 20,000 a year, how much would they take a week?

    Thank you.
    The amount you repay is 9% of your annual income over £15,000; it doesn't matter what the size of your loan is.

    At £20,000 income per year, you'll repay (20,000-15,000)*9%=£450 per year, i.e. £8.65 per week.
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    (Original post by Illusionary)
    The amount you repay is 9% of your annual income over £15,000; it doesn't matter what the size of your loan is.

    At £20,000 income per year, you'll repay (20,000-15,000)*9%=£450 per year, i.e. £8.65 per week.
    Thank you.
 
 
 

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