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Those loans don’t need to be repaid, they’re a graduate tax - 9% above £25k for 30 years. Most people won’t earn enough to pay a penny off the tuition - only t
by isostatic 7y ago
Those loans don’t need to be repaid, they’re a graduate tax - 9% above £25k for 30 years.
Most people won’t earn enough to pay a penny off the tuition - only the cost of living loans. Only the highest paid graduates actually pay tuition
- akerro 7y agoThat's not correct! If at any point in your life you make more than £25k they will add this tax on you, and your interested on the student loan is still growing, even when you're under £25k.
- DanBC 7y agoYou're charged interest only from the day of your first repayment. https://media.slc.co.uk/repayment/qsg/how-much-do-i-repay.html https://media.slc.co.uk/repayment/qsg/how-much-do-i-repay.ht...