Full-time Maintenance Loan


Students are charged interest from the day we make their first student finance payment until their loan is repaid in full or cancelled. The interest rate is based on the UK Retail Price Index (RPI) and will vary depending on their circumstances.


They have to repay any loan they borrow but usually not until the April after they finish or leave their course.

How much they repay each month depends on their income, not how much they borrowed. 


They’ll repay 9% of their income over the repayment threshold, these are different depending on which repayment plan the student is on.


If their income drops below the threshold, all repayments will stop automatically.

Find out more about repayment at www.gov.uk/repaying-your-student-loan