Student loans: a guide to terms and conditions 2025 to 2026
Updated 6 April 2025
Applies to England
漏 Crown copyright 2025
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1. What바카라 사이트檚 this guide about?
This guide is for students who take out a student loan for an undergraduate, postgraduate, Higher Education (HE) Short Course Loan or Initial Teacher Training course. It explains what you바카라 사이트檙e committing to when you take out a loan.
It바카라 사이트檚 important you read this guide carefully as it contains information about the current terms of your loan. Please save a copy.
You바카라 사이트檒l find full details of the conditions for getting student loans in the relevant Student Support Regulations.
The conditions for repaying your student loan are included in the Education (Student Loans) (Repayment) Regulations 2009, as amended. You바카라 사이트檒l find full details of the conditions for getting a Postgraduate Master바카라 사이트檚 Loan in the Education (Postgraduate Master바카라 사이트檚 Degree Loans) Regulations 2016, as amended.
You바카라 사이트檒l find full details of the conditions for getting a Postgraduate Doctoral Loan in the Education (Postgraduate Doctoral Degree Loans and the Education (Student Loans) (Repayment) (Amendment) (No. 2) etc.) Regulations 2018 as amended.
You can read these regulations online at or order them from The Stationery Office by calling 0333 202 5070 or going to
The regulations may change from time to time, which means the terms of your loan may also change. This guide will be updated to reflect any changes, so you should make sure you have the most up-to-date version.
1.1 Further information
If you still have questions about the terms of your loan after reading this guide, go to www.gov.uk/repaying-your-student-loan
A separate guide to terms and conditions is available for Advanced Learner Loans. You can download it from www.gov.uk/advanced-learner-loan
2. Your loan contract
When you take out a student loan you must agree to repay your loan in line with the regulations that apply at the time the repayments are due, subject to the regulations being amended from time to time.
Your loan contract is with the Secretary of State for Education in England. The Student Loans Company Limited (SLC), which is a non-profit government organisation, is acting as an agent on their behalf.
3. Who does what?
3.1 Student Loans Company (SLC)
SLC is responsible for:
-
paying loans for students in the UK
-
managing your account, including adding interest, applying repayments collected through the UK tax system and refunding any over-repayments
-
collecting repayments from overseas repayers
-
answering questions about your loan
3.2 HM Revenue and Customs (HMRC)
HMRC collects student loan repayments from employers through the UK tax system. If you바카라 사이트檙e self-employed, you바카라 사이트檒l repay through Self Assessment when you complete your tax return.
3.3 Your employer
Your employer collects student loan repayments on behalf of HMRC directly from your salary at the same time as tax and National Insurance.
If you have any questions about how your repayments are collected through the tax system, you should speak to your employer.
3.4 Sharing information
HMRC can legally give SLC information about your repayments, but they won바카라 사이트檛 give SLC any information about your tax arrangements, as these are confidential.
Also, neither your employer nor HMRC will receive any details about your student loan, other than that you have a loan and the repayment threshold that applies to you (see section 5 for details).
4. Your responsibilities
4.1 You need to provide complete and correct information
When you apply for a loan, you must give us complete and accurate information, so that we can collect repayments when they바카라 사이트檙e due. You must tell SLC about any changes to these details:
-
during the application process
-
while you바카라 사이트檙e at university or college
-
until you바카라 사이트檝e repaid your loan in full
If you don바카라 사이트檛 give SLC accurate and up-to-date information, you may have to pay a penalty charge or repay the loan and any interest and penalties in one lump sum.
If you have a Plan 2 loan (see section 5) and don바카라 사이트檛 keep in touch with us, or don바카라 사이트檛 let us know of any changes to your personal details, an interest rate of RPI plus 3% will normally be applied to your loan whatever your income.
You must also let SLC know if you:
-
change your name, phone number or the details of the bank or building society account that your loan is paid into
-
change your university, college or course
-
get a bursary, healthcare award or scholarship (for example, a Department of Health bursary)
-
change any address you have provided
-
know that the start or end dates of your course have changed
-
don바카라 사이트檛 begin to study, leave your course or are expelled
-
are absent from your course for more than 60 days because of illness
-
are absent for a period for any reason other than illness
-
get married
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plan to leave the country
-
change your employment status (for example from employed to self-employed)
You must provide your National Insurance number (NINO) when you apply. SLC can바카라 사이트檛 process your application without this, unless you바카라 사이트檙e a student who doesn바카라 사이트檛 have a NINO. Students who do have a NINO should provide it when they apply. SLC will confirm the NINO with the Department for Work and Pensions to avoid fraudulent applications.
HMRC will also need these details so that they can collect your repayments. If you don바카라 사이트檛 have a NINO or you바카라 사이트檝e lost it, you should call the National Insurance helpline on 0300 200 3500.
Repayments collected by your employer will be shown on your payslip. You should keep a record of these repayments so you know how much of your loan you바카라 사이트檝e paid back.
If you enter into a loan agreement with SLC before you turn 18 years old, you바카라 사이트檒l be asked to 바카라 사이트榬atify바카라 사이트� the agreement(s) once you turn 18. To ratify your loan means you will formally declare that you entered into the loan agreement. If you don바카라 사이트檛 do this, you won바카라 사이트檛 be able to get any more student finance after you turn 18. Once you바카라 사이트檙e 18 or over, you바카라 사이트檒l ratify any loan agreement that you entered into before you turned 18 when you agree to the terms and conditions for any further student finance.
4.2 You need to repay your loan
By law, you must repay your loan in line with the loan contract and the regulations. For most people, repayments will be collected through the UK tax system by employers taking amounts from their salary through the Pay as You Earn (PAYE) system. If you바카라 사이트檙e self-assessed, for example if you바카라 사이트檙e self-employed, you바카라 사이트檒l make repayments through Self Assessment at the same time you pay tax. If you live abroad, you바카라 사이트檒l repay your loan directly to SLC. Section 6 describes this process in more detail.
4.3 Loan liabilities
Becoming 바카라 사이트榣iable바카라 사이트� for all or part of your loan means that any payments paid to you or to your university or college will be added to your loan balance. This means that when you바카라 사이트檝e finished or left your course, you바카라 사이트檒l need to start repaying that amount and the interest that has accrued. Undergraduate part-time and Postgraduate Master바카라 사이트檚 students may be required to start repaying their loan before they바카라 사이트檝e finished or left their course. You바카라 사이트檒l be liable for any loan paid to you regardless of whether you finish your course or gain a qualification.
4.4 Maintenance Loans
Maintenance Loans are paid directly to you at the start of each term. You바카라 사이트檒l become liable for each instalment once it바카라 사이트檚 paid.
4.5 Postgraduate Master바카라 사이트檚 Loan and Postgraduate Doctoral Loan
The Postgraduate Master바카라 사이트檚 Loan and Postgraduate Doctoral Loan are paid directly to you at the start of each term. You바카라 사이트檒l become liable for each instalment once it바카라 사이트檚 paid.
4.6 Tuition Fee Loans
If you바카라 사이트檙e a full-time student, you바카라 사이트檒l become liable for a percentage of the tuition fee being charged at the start of each term. Once your university or college have confirmed your attendance on the course your Tuition Fee Loan payments will be made to them. After payments are made you will be liable for repayment of them.
If you바카라 사이트檙e a part-time student, you바카라 사이트檒l be liable for a percentage of the tuition fee being charged after you바카라 사이트檝e been on your course for two weeks and your university or college have confirmed your attendance on the course. Once your university or college have confirmed your attendance on the course your Tuition Fee Loan payments will be made to them. After payments are made you will be liable for repayment of them.
You바카라 사이트檒l become liable for future instalments at the start of the second and third terms of your course, as shown in the table below. You바카라 사이트檒l remain liable for this amount even if you withdraw, transfer or suspend your studies at a later date.
| When you become liable | How much you바카라 사이트檙e liable for |
|---|---|
| At the start of term 1 | 25% of the tuition fee |
| At the start of term 2 | 50% of the tuition fee |
| At the start of term 3 | 100% of the tuition fee |
If you바카라 사이트檙e a HE Short Course Loan student, you바카라 사이트檒l be liable for the tuition fee being charged after you바카라 사이트檝e been on your course for two weeks and your university or college have confirmed your attendance on the course. Once your university or college have confirmed your attendance on the course your Tuition Fee Loan payments will be made to them. After payments are made you will be liable for repayment of them.
4.7 Grant and loan overpayment
Your student finance payments are made at the start of each term to help with costs for the full term ahead.
If, for any reason, your entitlement for the academic year is reassessed and reduced, this could result in you being paid too much grant and/or loan. This is what we call an 바카라 사이트榦verpayment바카라 사이트�.
Example
You바카라 사이트檙e getting a Maintenance Loan of 拢6,000, which will be paid over 3 terms.
You바카라 사이트檒l be paid 拢2,000 at the start of term 1.
You바카라 사이트檒l be paid another 拢2,000 at the start of term 2.
You leave your course during term 2, meaning you aren바카라 사이트檛 entitled to the full 拢2,000 you바카라 사이트檝e already been paid.
This means you바카라 사이트檝e now been overpaid and need to pay some of it back.
You바카라 사이트檒l normally need to repay your loan overpayment separately and earlier than the rest of your loan balance. This also applies if you바카라 사이트檙e already having repayments taken from your salary or your tax return.
A loan or grant overpayment is when you바카라 사이트檝e been paid money that you바카라 사이트檙e no longer entitled to because of a change in your circumstances. This means it now needs to be paid back.
In some cases, loan and grant overpayments can be recovered from future student funding.
Based on government regulations, the SLC has a legal responsibility to recover any loan or grant overpayment.
5. Which repayment plan are you on?
How and when you repay your loan will depend on when you started your course.
How much you repay depends on your income, not what you borrow. You should let your employer know which repayment plan applies to you, so they take the right amount.
5.1 Repayment plan 1 - If you started your course before 1 September 2012
You바카라 사이트檒l be due to start repaying your loan the April after you finish or leave your course.
You바카라 사이트檒l repay 9% of your income over the repayment threshold, which is currently 拢26,065 a year, 拢2,172 a month or 拢501 a week in the UK. If your income changes, either rising or falling, your repayment amounts will automatically change to reflect this.
If your income falls below the repayment threshold, your repayments will stop and only restart when your income is over the threshold again.
You can also make additional voluntary repayments to SLC at any time.
| Income each year before tax | Monthly income before tax | Approximate monthly repayment |
|---|---|---|
| 拢26,065 | 拢2,172 | 拢0 |
| 拢28,000 | 拢2,333 | 拢14 |
| 拢30,000 | 拢2,500 | 拢29 |
| 拢35,000 | 拢2,916 | 拢66 |
5.2 Repayment plan 2 - If you started your course between 1 September 2012 and 31 July 2023
If you바카라 사이트檙e a full-time student, you바카라 사이트檒l be due to start repaying your loan the April after you finish or leave your course.
If you바카라 사이트檙e studying a HE Short Course Loan, you바카라 사이트檒l be due to start repaying your loan the April after your course end date. You should contact your university or college to find out what this is.
If you바카라 사이트檙e a part-time student, you바카라 사이트檒l be due to start repaying your loan the April after you finish or leave your course, or the April four years after the start of your course (even if you바카라 사이트檙e still studying), whichever comes first.
You바카라 사이트檒l only start making repayments if your income is over the repayment threshold, which is currently 拢28,470 a year, 拢2,372 a month or 拢547 a week in the UK. If your income falls below the repayment threshold, your repayments will stop and only restart when your income is over the threshold again.
You can also make additional voluntary repayments to SLC at any time.
If your income changes, either rising or falling, your repayment amounts will automatically change to reflect this.
| Income each year before tax | Monthly income before tax | Approximate monthly repayment |
|---|---|---|
| 拢28,470 | 拢2,372 | 拢0 |
| 拢29,500 | 拢2,458 | 拢7 |
| 拢31,000 | 拢2,583 | 拢18 |
| 拢33,000 | 拢2,750 | 拢34 |
5.3 Postgraduate Loan - If you started a postgraduate Master바카라 사이트檚 course on or after 1 August 2016 or a Doctoral course on or after 1 August 2018
If you바카라 사이트檙e a Master바카라 사이트檚 student, you바카라 사이트檒l be due to start repaying your loan the April after you finish or leave your course.
If you바카라 사이트檙e a Doctoral student, you바카라 사이트檒l be due to start repaying your loan the April after you finish or leave your course, or the April four years after the start of your course (even if you바카라 사이트檙e still studying), whichever comes first.
You바카라 사이트檒l only start making repayments if your income is over the repayment threshold, which is currently 拢21,000 a year, 拢1,750 a month or 拢403 a week in the UK. If your income falls below the repayment threshold, repayments will stop and only restart when your income is over the threshold again.
You can also make additional voluntary repayments to SLC at any time.
You바카라 사이트檒l repay 6% of your income over the repayment threshold, which is currently 拢21,000 a year, 拢1,750 a month or 拢403 a week in the UK. If your income changes, either rising or falling, your repayment amounts will automatically change to reflect this.
| Income each year before tax | Monthly income before tax | Approximate monthly repayment |
|---|---|---|
| 拢21,000 | 拢1,750 | 拢0 |
| 拢22,000 | 拢1,833 | 拢4 |
| 拢23,500 | 拢1,958 | 拢12 |
| 拢25,000 | 拢2,083 | 拢19 |
| 拢27,000 | 拢2,250 | 拢30 |
| 拢30,000 | 拢2,500 | 拢45 |
5.4 Repayment plan 5 - If you start an undergraduate or postgraduate course after 1 August 2023
Repayment plan 5 is a new repayment plan for students starting undergraduate and Advanced Learner Loan courses on or after 1 August 2023. You won바카라 사이트檛 be expected to make repayments to your plan 5 student loan until April 2026 at the earliest, even if you leave your course early.
You바카라 사이트檒l only start making repayments if your income is over the repayment threshold. The repayment threshold for the 2026-27 tax year will be 拢25,000 a year, 拢2,083 a month or 拢480 a week in the UK. If your income falls below the repayment threshold, your repayments will stop and only restart when your income is over the threshold again.
You can also make additional voluntary repayments to SLC at any time.
You바카라 사이트檒l repay 9% of your income over the repayment threshold, which is currently 拢25,000 a year, 拢2,083 a month or 拢480 a week in the UK. If your income changes, either rising or falling, your repayment amount will automatically change to reflect this.
| Income each year before tax | Monthly income before tax | Approximate monthly repayment |
|---|---|---|
| 拢25,000 | 拢2,083 | 拢0 |
| 拢28,000 | 拢2,333 | 拢22 |
| 拢29,500 | 拢2,458 | 拢33 |
| 拢31,000 | 拢2,583 | 拢45 |
| 拢33,000 | 拢2,750 | 拢60 |
5.5 Repaying if your income is below the threshold
If you바카라 사이트檙e employed and your annual income is below the repayment threshold, you could still make student loan repayments if your income goes above the weekly or monthly threshold at any time. For example, if you work extra hours or get a bonus, this could take your pay above the threshold for that week or month.
You can get a refund of these repayments at the end of the tax year, but only if your annual income was less than the annual repayment threshold for your loan. This doesn바카라 사이트檛 happen automatically, so you바카라 사이트檒l need to contact SLC if you바카라 사이트檇 like a refund.
5.6 Making extra repayments
You can make voluntary repayments at any time.
However, any voluntary repayments you make won바카라 사이트檛 affect the amount you repay through the tax system. So, if you바카라 사이트檙e employed, your employer will still have to take the usual amount from your salary.
If you바카라 사이트檙e overseas, making additional voluntary repayments will not affect the amount that you바카라 사이트檙e required to repay each month.
If you repay through Self Assessment, you바카라 사이트檒l still have to repay the amount due based on your income for the year.
You can바카라 사이트檛 get a refund of any amounts you repay voluntarily, unless you바카라 사이트檝e finished paying off your loan and have repaid too much.
Find out how you can make voluntary repayments at www.gov.uk/repaying-your-student-loan
5.7 What if I have more than one plan type?
If you have more than one type of loan, you바카라 사이트檒l repay them at the same time, as long as your income is over the repayment threshold.
Here are some examples of how it could work based on the current UK thresholds.
Plan 1 and Plan 2 loans
If your monthly income is between 拢2,172 and 拢2,372, you바카라 사이트檒l only make repayments towards your Plan 1 loan. However, if your monthly income is more than 拢2,372, your repayments will be spread across your Plan 1 and 2 loans.
You바카라 사이트檒l only repay 9% of your monthly income over 拢2,172 바카라 사이트� you won바카라 사이트檛 have to repay another 9% towards your second loan.
Plan 2 and Postgraduate Loan
If your monthly income is between 拢1,750 and 拢2,372, you바카라 사이트檒l make repayments towards your Postgraduate Loan only. If your monthly income is over 拢2,372, you바카라 사이트檒l also make repayments towards your Plan 2 loan.
You바카라 사이트檒l repay 9% of your monthly income over 拢2,372 towards your Plan 2 loan and 6% of your monthly income over 拢1,750 towards your Postgraduate Loan.
You can find more information on how repayment works if you have more than one plan type at www.gov.uk/repaying-your-student-loan/what-you-pay
5.8 How much interest you바카라 사이트檒l be charged
You바카라 사이트檒l be charged interest on your loan from the day we make your first payment to you or to your university or college until it바카라 사이트檚 been repaid in full or cancelled. We calculate the interest daily and apply it to your balance each month 바카라 사이트� this is known as 바카라 사이트榗ompound interest바카라 사이트�. The interest rate you바카라 사이트檒l be charged depends on which repayment plan you바카라 사이트檙e on.
The interest rate is based on the Retail Price Index (RPI), which is a measure of inflation.
It measures changes to the cost of living in the UK.
You can find the most accurate and up-to-date information on interest rates at
Repayment plan 1
The interest rate will be the RPI of the previous March, or 1% above the highest base rate of a nominated group of banks (Bank Base Rate), whichever is lower. The interest rate is set on 1 September each year, although it can change during the year too.
Repayment plan 2
The interest rate is based on RPI and will vary depending on your circumstances.
| Your circumstances | Interest |
|---|---|
| Full-time students 바카라 사이트� while you바카라 사이트檙e studying until 6 April after you finish or leave your course. | Normally RPI plus 3% |
| Part-time students 바카라 사이트� while you바카라 사이트檙e studying and until 6 April after you finish or leave your course, or 6 April four years after the start of your course, whichever comes first. | Normally RPI plus 3% |
| From the April after you finish your course until the loan is repaid in full. | Interest will be based on your income. If your income is 拢28,470 or less, your interest will be RPI. If your income is between 拢28,470 and 拢51,245, your interest will be RPI plus up to 3%, depending on your income. If your income is 拢51,245 or more, your interest will normally be RPI plus 3% |
| If you don바카라 사이트檛 keep in touch with us, or fail to advise us of changes to any of your personal details. | Normally RPI plus 3% will be applied to your loan, whatever your income, until you contact us. |
Postgraduate Loan
You바카라 사이트檒l be charged interest from the day we make the first payment to you until your loan is repaid in full or cancelled. Interest will normally be charged at RPI plus 3%.
Repayment plan 5
The interest rate will normally be set at RPI only.
Interest rate cap - Plan 2, Plan 5 & Postgraduate Loan
The Department for Education monitors interest rates set by commercial banks using monthly data provided by the Bank of England. If the average interest rate is lower than what you would be charged based on RPI, then a temporary interest rate cap will be applied so you바카라 사이트檙e not disadvantaged. This is reviewed monthly.
You can find the current interest rate information at:
6. How you바카라 사이트檒l repay
Repayments will be collected through the UK tax system if you바카라 사이트檙e employed or through Self Assessment if you바카라 사이트檙e self-employed.
6.1 What happens when you바카라 사이트檙e employed
If you바카라 사이트檙e an employee paying UK tax, your employer will take repayments from your pay, along with tax and National Insurance. You will see the deductions on your payslip.
SLC will tell HMRC when you바카라 사이트檝e finished or left your course and give them details such as your name and National Insurance number. HMRC will check to see if you바카라 사이트檙e working and if you are, they바카라 사이트檒l tell your employer that you have a loan (but not how much you owe).
You should also inform your new employer that you have a student loan.
6.2 How employers know how much to deduct from your pay
HMRC will provide guidance to employers, including the repayment thresholds for each plan type, so they know how much to take from your pay.
If your pay is above the repayment threshold for your loan, your employer will take repayments and pass them to HMRC. HMRC will send this information to SLC, who바카라 사이트檒l then update your account.
SLC will make sure the correct amount of interest is charged to your account, so you won바카라 사이트檛 be charged any extra interest even if your repayment details take some time to reach SLC.
It바카라 사이트檚 important to understand repayments taken by your employer will be worked out on individual pay periods 바카라 사이트� not on your total income for a whole year. By pay period, we mean how often you get paid. So if you바카라 사이트檙e paid monthly, repayments will be calculated and deducted each month. This means that if your income varies each month, you could pay back more some months than others.
6.3 What happens if you change jobs
When you change jobs, your previous employer may give you a P45 with a 바카라 사이트榊바카라 사이트� in the student loan box. If your income is above the repayment threshold, your new employer will start to make student loan deductions from your pay. If you don바카라 사이트檛 have a P45, your employer may ask you to fill in a starter checklist, which has a tick box to show that you have a student loan. You must either tick the box or advise your new employer you have a student loan.
If your repayments don바카라 사이트檛 start when they should, you should let your employer know. If the problem continues, you should contact SLC with your new employer바카라 사이트檚 details, such as their name and address, their PAYE Reference and your payroll number. This information can be found on your payslip, P60 or by speaking to your payroll department. If you바카라 사이트檙e self-employed, HMRC will be able to tell you how you should repay. If you바카라 사이트檙e working outside the UK for more than 3 months, please see section 6.7 for information on how to make repayments.
6.4 What happens if your employer goes out of business or doesn바카라 사이트檛 pay your deductions to HMRC
As long as you have evidence that deductions have been taken, such as your payslips, SLC will credit the full amount of the repayments to your account.
6.5 What happens if you바카라 사이트檙e self-employed
If you바카라 사이트檙e self-employed, you바카라 사이트檒l send HMRC a tax return each year under the Self Assessment (SA) system. How much you repay will be taken as part of your SA bill for tax. The student loan repayment will be based on your taxable income (including things like occupational pensions) over the threshold for your loan.
6.6 If you바카라 사이트檙e employed and self-employed
If you바카라 사이트檙e employed and self-employed at the same time, you may have to make some loan repayments when you complete your tax return, as well as those taken by your employer.
You can claim credit in your tax return for any student loan amounts your employer has already taken during the year so you don바카라 사이트檛 repay too much.
Like PAYE, the SA system will work out your loan repayments based on your income above the threshold for your loan. Any SA payment will be due on 31 January following the tax year of your assessment. You can find information on how to fill in your SA return in the guidance and booklets provided by HMRC.
If you pay UK tax and you get a Self Assessment tax return, you should use this to declare student loan repayments. You must fill this form in correctly and return it on time. You must also pay your tax and student loan repayment on time.
If you don바카라 사이트檛 do this, you may have to pay interest and financial penalties. This is because student loans will be treated in the same way as tax for the purposes of this form.
6.7 What happens if you travel or work overseas
If you바카라 사이트檙e out of the UK tax system due to being overseas, or you plan to leave the UK for more than 3 months at any point after you finish or leave your course (whether this is temporarily or because you will live in another country), you바카라 사이트檒l make repayments directly to SLC. You must let SLC know before you leave the UK. If you don바카라 사이트檛, they can charge penalties on your loan and where necessary, ask you to repay the full amount of loan plus interest and penalties in one lump sum.
SLC will ask for details of your income and will work out how much you should repay each month. They바카라 사이트檒l change your income into pounds sterling and tell you the amount you need to repay each month in pounds sterling. You바카라 사이트檒l be responsible for any costs involved in converting the currency and you바카라 사이트檒l have to pay any fees your bank charges to transfer funds to SLC.
As you would in the UK, you바카라 사이트檒l repay 9% of your income over the repayment thresholds for plan 1, plan 2 and plan 5 loans and 6% of your income over the threshold for Postgraduate Loan. But because of differences in living costs, the repayment threshold SLC applies in another country could be different from the UK threshold.
You can find out more information on overseas thresholds and more at:
6.8 Fixed repayment rate
If you don바카라 사이트檛 give SLC details of your income, you may be charged a fixed amount depending on where you live, which may be higher than the repayment amount due based on your actual income. If you don바카라 사이트檛 repay this amount, SLC may take legal action against you.
6.9 When your loans will be cancelled
There are circumstances where your student loan may be cancelled and you바카라 사이트檒l never have to pay it back, such as if you die before you pay the loan off or if you become disabled and permanently unfit for work.
Your loan will also be cancelled after a certain period of time if you바카라 사이트檝e not already paid it off in full. The length of time depends on the rules at the time you took out your loan.
Loan cancellation may not apply to you if you바카라 사이트檙e in breach of any repayment obligations.
Repayment plan 1
If you took out the loan before 1 September 2006, your outstanding loan balance plus any interest will be cancelled when you reach the age of 65.
If you took out the loan on or after 1 September 2006 but before 1 September 2012, your outstanding loan balance plus any interest will be cancelled 25 years after the April when you first became due to start making repayments.
In both cases, you must have made all repayments due based on your income until that date. If not, in some cases, SLC may recover any amounts you still owe up to that date.
Repayment plan 2
Any loan plus interest remaining 30 years after you바카라 사이트檙e due to start making repayments will be cancelled.
You must have made all repayments due based on your income until that date. If not, in some cases, SLC may recover any amounts you still owe up to that date.
Postgraduate Loan
Any loan plus interest remaining 30 years after you바카라 사이트檙e due to start making repayments will be cancelled.
You must have made all repayments due based on your income until that date. If not, in some cases, SLC may recover any amounts you still owe up to that date.
Repayment plan 5
Any loan plus interest remaining 40 years after you바카라 사이트檙e due to start making repayments will be cancelled.
You must have made all repayments due based on your income until that date. If not, in some cases, SLC may recover any amounts you still owe up to that date.
6.10 What happens if you don바카라 사이트檛 make repayments
By law, you must repay your loan in line with the loan contract and regulations. If you don바카라 사이트檛 make repayments, SLC have the right to take legal action to recover your debt. This means SLC can get a court order to make you repay the total debt plus interest and penalties in a single payment.
This can be enforced through the courts as a civil debt, whether you바카라 사이트檙e in the UK or living abroad, and you바카라 사이트檒l be responsible for all costs, including legal costs.
6.11 Coming to the end of repaying your loan
If you바카라 사이트檙e within 4 to 23 months of repaying your loan, you should change to repaying by Direct Debit. We recommend changing to Direct Debit so you don바카라 사이트檛 repay more than you owe and have to get a refund.
You need to keep us up to date with your contact details. This will allow us to contact you about setting up a Direct Debit.
You can update your details online at www.gov.uk/sign-in-to-manage-your-student-loan-balance
6.12 If you바카라 사이트檝e paid back too much
We바카라 사이트檒l try to contact you if you바카라 사이트檝e repaid more than you owe, so it바카라 사이트檚 important that your contact details are kept up to date.
Make sure your address, email address, and mobile number are correct on your account by logging in at www.gov.uk/repaying-your-student-loan
Repayment plan 1
If you have a credit balance when your loan has been repaid in full, interest will accrue at the rate of RPI or 1% above the Bank Base Rate, whichever is lower.
Interest will accrue at RPI or 1% above the Bank Base Rate for a maximum of 60 days from the date we let you know about a refund you may be due. Interest will stop accruing after 60 days or from the day you are refunded, whichever comes first.
Repayment plan 2
If you have a credit balance when your loan has been repaid in full, interest will accrue at the rate of RPI unless a Prevailing Market Rate cap is in effect.
Interest will accrue at RPI for a maximum of 60 days from the date we let you know about a refund you may be due. Interest will stop accruing after 60 days or from the day you are refunded, whichever comes first.
Postgraduate Loan
If you have a credit balance when your loan has been repaid in full, interest will accrue for a maximum of 60 days from the date we let you know about a refund you may be due. It will accrue at RPI plus up to 3% unless a Prevailing Market Rate cap is in effect. Interest will stop accruing after 60 days or from the day you are refunded, whichever comes first.
Repayment plan 5
If you have a credit balance when your loan has been repaid in full, interest will accrue at the rate of RPI unless a Prevailing Market Rate cap is in effect.
Interest will accrue at RPI for a maximum of 60 days from the date we let you know about a refund you may be due. Interest will stop accruing after 60 days or from the day you are refunded, whichever comes first.
6.13 Getting a refund
If you바카라 사이트檙e due a refund and you haven바카라 사이트檛 claimed this, we may try to refund your bank account directly.
7. What to do if you바카라 사이트檙e not satisfied
7.1 Complaints
If you바카라 사이트檙e not satisfied with the level of service you바카라 사이트檝e received, you should contact SLC to register a complaint. You can do so by:
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calling 0300 100 0601
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emailing customer_complaints@slc.co.uk
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writing to: Customer Relations Unit, Student Loans Company, 10 Clyde Place, Glasgow, G5 8DF
If you바카라 사이트檝e used this procedure and are still not satisfied, you can have your complaint reviewed by an Independent Assessor.
7.2 Appeals
If you think a decision we바카라 사이트檝e made in relation to your funding application is wrong, you have the right to appeal. An appeal is a formal request to Student Finance England asking us to review our decision on your entitlement to student finance.
If you wish to appeal against our refusal to award you student funding or you disagree with how we바카라 사이트檝e calculated your funding you can appeal by:
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downloading an appeals template from www.gov.uk/student-finance and sending the completed form to us by email or post using the following addresses
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emailing formal_appeals@slc.co.uk
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writing to: Formal Appeals, Memphis Building, Lingfield Point, PO Box 226, Darlington, DL1 9GA
If you바카라 사이트檝e used this procedure and are still not satisfied, you can have your appeal reviewed by an Independent Assessor.
8. Useful Contacts
If you want more information about repayment, go to www.gov.uk/repaying-your-student-loan or call 0300 100 0611.
8.1 If you live in England
You can contact Student Finance England.
8.2 If you apply for Tuition Fee Only funding
You should call Student Finance Services on 0141 243 3570.
You can also write to them at: Student Finance Services, PO Box 89, Darlington, County Durham, United Kingdom, DL1 9AZ
8.3 HM Revenue & Customs
Once you바카라 사이트檝e started to repay your loan, if you have any questions about how your repayments are collected through the tax system, you should speak to either your employer or contact HMRC using the numbers listed at