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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 ...
This year, students in England will be able to borrow up to £10,227 a year for a maintenance loan if living in the UK, outside London and away from their parents. This increases to £13,348 in ...
On average each student who began repayment of their loan in 2024 owed about £25,700. That is according to figures from the Student Loans Company (SLC), which manages loans in the UK.
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 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 ...
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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