Student loan repayment threshold rises

From BBC NewsLeave a Comment

Former students will be able to earn more before they have to start paying back their tuition fee loans.

English and Welsh students who took out loans from September 2012 onwards - when fees in England rose to up to £9,000 a year - will now start to pay back when they earn £25,000 a year instead of £21,000.

The government says the move could save graduates up to £360 a year.

The National Union of Students said the change was "welcome relief" for many.

Who will benefit?

The Department for Education says some 600,000 graduates will benefit…

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