Go Higher West Yorkshire (formerly known as HEART) has moved to www.gohigherwestyorks.ac.uk

Tel. 0113 343 3503

Email. heart@leeds.ac.uk

How much you will repay

You will have money taken off your salary to repay your student loan during any pay period where your earnings before tax are over the weekly or monthly threshold.

By pay period, we mean each time you receive your salary. This could be every:

  • Week
  • Two weeks
  • Four weeks
  • Calendar month

You pay back 9% of your income over the minimum amount of £21,000

Interest starts being added to your loan from when you get your first payment. How much you pay depends on which plan you’re on.

Your income per year Monthly repayments
£21,000 and under £0
£25,000 £30
£30,000 £67
£50,000 £217


While you’re studying, interest is inflation plus 3%.

Income Interest rate
£21,000 or less Inflation
£21,000 to £41,000 Inflation plus up to 3%
Over £41,000 Inflation plus 3%

The Student Loans Company has more information on how they calculate interest.


Martin Lewis, Chair of the Independent Taskforce on Student Finance Information and founder of MoneySavingExpert.com, gives his unique take on the student finance system in England from 2012 for full-time students.

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