Loan repayment

Your guide to how the student loan repayment system works for undergraduate loans

Repayment types and interest

No matter where you studied in the United Kingdom, the way you'll repay your student loans will be the same. However, there are differences in the rules of loan repayment and interest; this is because England, Northern Ireland, Scotland and Wales have separate policies that govern student finance.

The terms of loan repayment for courses of study started before 01 September 2012, and those started after 01 September 2012, are different.

We refer to these different terms as repayment 'Plan 1' and repayment 'Plan 2'.

This section doesn’t include repayment information on the Postgraduate Loan for Master’s courses which has a different plan type.

Interest on your loan

All student loans accrue interest from the day they are paid. The amount of interest on your loan will vary according to your Repayment Plan Type. If you know what your repayment plan type is, you can find out about the current and historical interest rates on our dedicated interest rate page.

Find out your repayment plan type

If you do not know your repayment plan type, answer the following questions, work out which repayment Plan you have and we will direct you to the correct information.

When you first applied for your student loan in which country was your home address?

* EU students: in answer to the first question, choose the country you studied in.


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