Students: Loans
(asked on 3rd December 2015) - View Source
Question
To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to assist poorer students with the repayment of their student loans.
This question was answered on 7th December 2015
Student loan repayments are income contingent and deductions are taken at 9% of income over the applicable repayment threshold.
The repayment threshold affords protection to lower earning borrowers. Borrowers make no repayment if their income remains or falls below the threshold.