How do I repay my loans?

You’ll begin repaying your loans once you’ve finished your course and are earning above the repayment threshold, which is currently £21,000. You’ll repay 6% of anything you earn above this threshold, and repayments will be taken directly from your salary if you’re working in the UK.

Masters and Doctoral Loans are repaid in addition to any other student loans. If you started your undergraduate degree and took out student finance between 1 September 2012 and 31 July 2023 you’ll have a Plan 2 loan. Once you’re earning over £27,295 per year you’ll pay 9% of anything you earn above this amount towards your undergraduate loan.