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How much are student loans, when do you start paying back and what is the interest?

June 4, 2024

Via: Sky News

There are two main types of loan, tuition and maintenance – we’ll take each in turn.

Tuition fees

Undergraduate courses in England generally cost students about £9,250 a year.

That’s a lot for a young person (or their family) to cover, so the government offers to pay that outright, direct to the university, on their behalf.

This is known as your tuition loan – we’ll come to how this is repaid later.

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