The Martin Lewis Podcast cover image

Uni costs to increase 50% – Everything you need to know

The Martin Lewis Podcast

00:00

How to Repay Your Parental Contribution

You're repaying the 9% above £25,000 on. So her loan will be bigger as we discussed before. That doesn't affect how much she repays each year, but it will affect whether or not she clears it within the 40 years. Once you start to earn over-arrounds, I have, correction, then. Once you have family income of over-ar round £60,000, you're then on the minimum loan - which is roughly half the full loan. And so my earnings are 30 to 40, but if you're saying that it sort of goes on their main residence, which would be given with them on that would be a little bit higher

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app