Repaying your Student Loan

Repaying your Student Loan

You will not have to start repaying your loan until the April after you have finished or left your course.  The amount you repay will be linked to your income. You can expect to pay 9% each year over the threshold figure. You can find out you current threshhold figure at

The Student Loans Company works with HM Revenues and Customs to collect repayments.  They will be taken by your employer and shown on your pay statement.  If you are self-employed, the repayments will be collected through the tax self-assessment system.

You will not have to make repayments while your income is below the threshold.  If for any reason your income falls below that amount you will not have to make repayments until your income rises above it again.

Interest on the amount that you owe will be linked to inflation.  This means the value of the amount you pay back will be broadly the same, in real terms, as the value of the amount you borrowed.  This interest will apply as long as the loan lasts and will include any time when you are studying or are not repaying the loan, as well as when you are repaying the loan.

The length of time it takes to repay your loan will depend on your income after you leave University and the total amount you borrowed.  You will normally continue to repay the loan until you have paid off the full amount. 

If you have kept up your repayments, any loan you still owe will be cancelled:

- after 25 years if you began your course on or after academic year 2006/2007

- after 30 years if your course began on or after academic year 2012/2013

- If you become permanently disabled; or

- If you die

You can find more details on repaying your loan on the Student finance England website at

Student Loans Company Ltd

100 Bothwell Street, Glasgow, G2 7JD.

Repayment enquiries Enquiries: 0300 100 0611