These FAQs are here to help you find the information you need, when you need it, but you can always contact AskBU if you’d like to talk to someone in person, by phone or email, or if you have feedback about the FAQs.
How and when will I repay my student loans?
Re-payments of your loan will commence in the April following stopping your course, whether you have completed the course or withdrawn from it.
Your income must be over £21,000 per year (government directive) to begin repayments. Payments will be taken at source through Pay As You Earn (PAYE).
You pay back 9% of your income above £21,000. For example if your income is £25,000, you would pay back 9% of £4000 which is £360 per year, or £30 per month.
See Student Finance England web page for further information.