When do I start repaying?
You are required to start repaying loans for fees and living costs in the financial year after you graduate. 
Do I have to earn a certain amount of money?
Yes, you only start repaying loans if your annual income is above £25,000. 
How do I repay?
Repayments are collected monthly through the UK tax system by HMRC, or through your annual self–assessment if you are self-employed. 
How much do I have to pay?
The repayment rate is 9% of your income above the first £25,000, regardless of how much you have borrowed. 
If, after 40 years you have not repaid the full amount, the remainder of the loan will be written off. 
Repayment examples
| Annual income before tax | Approximate annual repayment | 
| £25,000 | £0 | 
| £30,000 | £450 | 
| £36,000 | £990 | 
| £40,000 | £1,350 |