A student loan repayment will start once you earn more than £17,495 a year. After, you will pay back 9% of anything over £17,495.
An example of a student loan repayment:
£26,000 a year wage
£450 (9% of £26,000) deductions on annual wages
£450 / 12 = £37.50 a month deductions
If you wish to view information on student loan repayment, click here:
If you wish to view information of understanding student debt, click here: