Many Scots with student loans will see repayments drop sharply next month, as the income threshold at which student loans begin to be repaid will rise from £19,390 to £25,000. The change may mean you pay less in the long run too, as many with student loans won’t finish paying them off before they’re automatically wiped after 30 years, though others could accrue more interest – we’ve full analysis below
MoneySavingExpertStudent loan repayments to drop for many Scots by £500/yr from April
March 18, 2021by Jay Shah