Income Contingent Loans (ICL) - Maximum Loan Rates
Part of these loans are means tested and there are exceptions to these rates. Students should contact their local award authority for full details.
Interest Rate
The amount to be paid back will depend on the amount borrowed plus the interest charged. Interest is linked to the rate of inflation and is adjusted each year in line with the Retail Prices Index (RPI). From 1 September 2007 to 31 August 2008 this will be 4.8%. See previous years' interest rates.
Take Up Figures 1991-2005
Useful figures on the take up of loans in the period 1991-2005.
Mortgage Style Loans Only
Students who started in higher education before September 1998 would have taken out a fixed-term (mortgage style) loan. Repayment of this type of loan can be deferred on a yearly basis if the repayer's income is below 85% of the national average. Find out more about the deferment threshold and maximum loan available.
Income Contingent Loans - Transition Loan Scheme
Details of the Income Contingent Loan Scheme covering the period 1998/1999.
National Statistics
Further information about National Statistics can be found on the National Statistics website www.statistics.gov.uk