How are student loans repaid?
Your employer takes your student loan payments from your wages at the same time as your tax and national insurance. To start paying back a student loan, you must earn more than the threshold.
- The threshold varies depending on when you took out the student loan
- The amount you pay depends on how much you earn
Find out more about how student loans are repaid, thresholds and payment plans.
How could I have overpaid?
There are four ways in which you could have overpaid:
- You have made payments but you do not earn enough to start repaying your student loan
- You are on the wrong repayment plan
- You have finished paying off your student loan but payments are still being taken from your wages
- You started paying your loan too early
Find out more about how you could have overpaid.
What is being done to resolve the issue?
The Student Loans Company (SLC) is contacting those who have been affected to arrange refunds. But, as some time has passed, they have found that some graduate contact details are out of date.
You could miss out on a significant amount of money if the SLC cannot reach you.