what is a student loan repayment
You pay 9% of your income over the threshold. For example, if you are paid monthly and earn Â£1,750 before tax per month you would repay 9% of the difference between what you earn and what the threshold is: Â£1,750 - Â£1,481 = Â£269. 9% of Â£269 = Â£24. So your student loan repayment would be Â£24 a month.