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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 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 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
Tuition fees were first introduced across the entire United Kingdom in September 1998 under the Labour government of Tony Blair to help fund tuition for undergraduate and postgraduate certificate students at universities; students were required to pay up to £1,000 a year for tuition. [1][2] However, only those who reach a certain salary ...
Starting with 1999-2000, maintenance grants for living expenses would also be replaced with loans and paid back at a rate of 9 per cent of a graduate's income above £10,000. [11] All loans would be government funded and administered by the Student Loans Company, the organisation responsible for administering loans throughout the UK. [14] [note 2]
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