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The repayment threshold of £21,000 has been confirmed, although the repayment rate (initially proposed to be 9%) will now be 6% of income above the threshold, ensuring repayments will be as affordable as possible for students repaying both an undergraduate and postgraduate student loan (the combined repayment rate is 15% although the repayment ...
The Student Loans Company (SLC) is an executive non-departmental public body company in the United Kingdom that provides student loans. It is owned by the UK Government 's Department for Education (85%), the Scottish Government (5%), the Welsh Government (5%) and the Northern Ireland Executive (5%). [1] The SLC is funded entirely by the UK ...
In England, students starting university this year will see their loans written off after 40 years, regardless of how much is owed. In Wales and Scotland it is 30 years and in Northern Ireland it ...
The graduate with the most unpaid student debt in the UK owes more than £231,000, while another loan holder racked up interest exceeding £50,000, according to new data.
The new repayment rate for student loans started this month but for some graduates the debt pile keeps growing. 'I got a £44,000 student loan - now I owe £54,000’ Skip to main content
Income-contingent repayment. Income-contingent repayment is an arrangement for the repayment of a loan where the regular (e.g. monthly) amount to be paid by the borrower depends on his or her income. This type of repayment arrangement is mostly used for student loans, where the ability of the new graduate borrower to repay is usually limited by ...
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