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You have to repay it if you take out a student loan when you’re at college or university.

It back depends on whether you work for someone else (employed) or work for yourself (self employed) how you pay.

If you should be used

In the event that you took down your education loan on or after 1998, repayments would be extracted from your wages. You will see the repayments on your own wage slide.

You are going to start paying it back once again once you earn significantly more when compared to a amount that is certain of, referred to as a ‘salary limit’.

The income limit happens to be ВЈ18,330.

When your income falls underneath the income threshold your repayments is going to be stopped. They shall just begin once more when you’re throughout the income limit.

Find down more about repaying if you should be used in the scholar Loan Repayment internet site.

If you should be self-employed

Your education loan repayments would be done during your Self-Assessment taxation return. Weiterlesen