Students: Loans:Written question - 189688

Q
Asked by Emma Reynolds
(Wolverhampton North East)
[N]
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Named Day

'Named day' questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.

Asked on: 09 November 2018
Department for Education
Students: Loans
Commons
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.
A
Answered by: Mr Sam Gyimah
Answered on: 14 November 2018

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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