Repaying your Student Loans

Once you have left university you have to begin to repay any Student Loans you have taken out to cover tuition fees and living costs. 

You will be contacted by the Student Loans Company (SLC) in the April after graduation and from that point you may begin to make repayments direct from your salary.

For more information go to 

The monthly amount you repay depends on your annual earnings.  The tables below give you an idea of how this works.  Repayments are 9% of your income above the relevant threshold.

If you are going to be living and/or working overseas you still need to keep in touch with the SLC and make any repayments due to your loans - see below for more information.

2006 - 2011 entry

Information from the SLC re repayment of Plan 1 loans, for English, Welsh and EU students

If you started your course between September 2006 and 2011, you do not pay anything until your income is above £17,775 per year (from April 2017).

Student loan repayments
 Annual salaryMonthly repayments
 £17,775 NIL
 £21,000 £24
 £24,000 £46
 £27,000 £69
 £30,000 £91


The interest rate is fixed every year by the government and is either the rate of the Retail Price Index (RPI), or the bank base rate plus 1%, whichever is the lower.

Repayments continue until the loans are repaid, or for a maximum of 25 years.  After 25 years any further repayments are cancelled.


2012 entry (and post 2012 entry)

Information from the SLC re repayment of Plan 2 loans for English, Welsh and EU students

If  you start your course in (or after) September 2012 you do not pay any monthly repayments until, from April 2018, your income is above £25,000 per year

Student loan repayments for 2012 entry - from April 2018
 Annual salaryMonthly repayments
 £15,000 £0
 £25,000 £0
 £35,000 £75
 £45,000 £150


The interest rate is the Retail Price Index (RPI) plus 3% during your period of study.  Once you have left University the interest rate applied relates to your income level.  From April 2018: Up to an annual salary of £25,000 the rate is the RPI, rising to a maximum of RPI plus 3% if your salary is £45,000 or above.

Repayments continue until the loans are repaid, or for a maximum of 30 years.  After 30 years any further repayments are cancelled.

The Government has confirmed that there will be no penalty for early repayment of the loans.  


Repaying from overseas

If you move to live and/or work abroad for more than 3 months, you must contact the Student Loans Company (SLC)Repayments team to arrange how you will make repayments to your loan. Go to  and also read the information from the link below.

Important information from the SLC about repaying your loans if you live and work overseas - for English, Welsh and EU students.

PLEASE NOTE: If you do not keep in contact with the SLC while you are living and/or working abroad you may be charged penalty payments and a higher rate of interest may be applied to your loan.