Student Loan Repayments

Wales, England and EU Student Loan Repayments

You won't need to pay anything until after you finish your course and your income exceeds £21,000. The amount you will be expected to repay is at least 9% of the difference between £21,000 and what you earn.

Interest will be applied at the rate of inflation plus 3% up until the April after you finish your studies.  After this time, interest will be applied depending on your annual income. For further information about repayments to the Student Loans Company please click here

The table below illustrates the weekly loan repayments students will pay (direct from your salary) based on your annual income amount:

Annual incomeWeekly incomeWeekly loan repayment

£21,000

£404

£0

£25,000

£480

£6.92

£30,000

£577

£15.58

£35,000

£673

£24.23

Students who started before 2012/13 have the same repayment plan as those for Scotland and Northern Ireland provided below.

If you do not want to take out a tuition fee loan or have been told that you are not eligible to receive one, you can arrange to pay the tuition fee direct to the University (for further information on how to pay please click here).

Scotland and Northern Ireland Student Loan Repayments

You won't need to pay anything until after you finish your course and your income exceeds £17,495. The amount you will be expected to repay is at least 9% of the difference between £17,495 and what you earn.

Interest will be applied at the lower rate of either the Retail Prices Index, or 1% above the highest base rate of a nominated group of banks. However, due to the low interest rate cap, the rate from 1 September 2013 will be 1.5% until further notice, but that rate may vary if the bank base rate is increased or decreased. For further information about repayments to the Student Loans Company please click here.

The table below illustrates the weekly loan repayments students will pay (direct from your salary) based on your annual income amount:

Annual incomeWeekly incomeWeekly loan repayment

up to £17,495

£336.44

£0

£18,500

£355.77

£1.74

£21,000

£403.84

£6.07

£27,000

£519.23

£16.45

£35,000

£673.07

£30.30

If you do not want to take out a tuition fee loan or have been told that you are not eligible to receive one, you can arrange to pay the tuition fee direct to the University (for further information on how to pay please click here).