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We undertake account maintenance and communication with borrowers in repayment, and collection is undertaken by HMRC through the PAYE process.

The system of collection is known as Income Contingent Repayment (ICR).

Repayments on loans issued before 1998 are not collected by HMRC; instead they are collected directly by SLC by direct debit and are known as fixed-term repayments. Find out more about student loan interest rates by visiting our repayment website.