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The Student Loan is written off after 30 years

If the income threshold for your loan is ?27,295 and you earn ?28,295 during the year, you pay 9% on the extra ?1,000, i.e. ?90. You pay this in monthly instalments, so that ?90 becomes 12 monthly repayments of ?7.50.

The table below shows what your monthly repayments could look like. Because the money is usually taken before you https://worldpaydayloans.com/payday-loans-tx/lancaster/ get paid (i.e. weekly or monthly), the actual amount could vary during those months when you earn a bit more or a bit less.

Monthly Student Loan repayments in Scotland

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Bear in mind that these are just guideline figures. There’s more info, including full UK figures, in our Student Loan repayments cheat sheet. Continuar leyendo: “The Student Loan is written off after 30 years” →