Students: Loans

Department for Education written question – answered on 14th November 2018.

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Photo of Emma Reynolds Emma Reynolds Labour, Wolverhampton North East

To ask the Secretary of State for Education, what his Department's policy is on the collection of payments for (a) ordinary student loans and (b) student maintenance loans from recipients of universal credit; and if he will make a statement.

Photo of Sam Gyimah Sam Gyimah Minister of State (Business, Energy and Industrial Strategy) (Higher Education), Minister of State (Education)

The repayment of student loans is governed by the Education (Student Loans) (Repayment) Regulations 2009 (as amended).

Borrowers, whether in receipt of universal credit or not, do not start making repayments to their student loans until they earn above the relevant repayment threshold. Once earning over the repayment threshold, the amount a borrower will repay each month is linked to their income, not to the amount borrowed or to the rate of interest.

Further information about repaying student loans can be found here: https://www.gov.uk/repaying-your-student-loan.

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