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Uni costs to increase 50% – Everything you need to know
The Martin Lewis Podcast
How to Repay Student Finance
You can repay 9% of everything earned above the £25,000 threshold. The loan is then automatically wiped 40 years after you start repaying. You are going to be repaying this student finance unless you earn a lot for most of your working life,. You repay it via the payroll like you pay tax. It doesn't really work like other forms of debt that you have to pay out of your pay packet.
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