Any money borrowed from the SLC (i.e. fee and/or maintenance loans) will be added together to make a single amount. Repayments start in April after course completion (once annual income has exceeded £21K).
Student loans accrue an interest rate linked to inflation - so what is paid will be approximately the same as what is borrowed. Payments are deducted automatically from pay packets, in a similar way to Income Tax and National Insurance.
The new Student Loans Company Repayments Portal Website has been launched. This site offers repayment advice and guidance, online student loan balance, a repayment calculator and the ability to amend personal details as well as making credit and debit card payments online.
For more information on Student Loans, please visit the Student Loans Company.