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Repaying the loan

Repayment

The amount you can get depends on your course, the tuition fees charged by your college and the maximum amounts set by the Government, 

The minimum loan amount is £300. You can take out a loan for the maximum amount to cover your tuition fee or you can pay all or part of the tuition fee yourself. 

How much can I get?

Repaying your advanced learner loan is straight forward:

  • Repayments start the April following the completion of your course.
  • Your monthly repayments will be based on your income, not what you borrowed.
  • You'll only start making repayments when your income is more than £25,725 per year
  • Repayments are made directly through the tax system.
  • You'll only pay back 9% of any income above £25,725 a year, see the table for examples of what you'll repay:

 

Income each year before tax  Monthly repayment
Up to £25,725 £0
£27,000 £9
£29,500 £28
£31,000 £39
£33,000 £54
£35,000 £69

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