Student Loans are part of the Government's financial support package for students carrying out a course of Higher Education in the United Kingdom, and are available to help students meet their living costs.
Interest is linked to the rate of inflation, so that in real terms the total amount borrowers repay is equivalent to the amount they have borrowed.
The rate at which borrowers repay their loans depends on the level of their income. You may be required to contribute towards your tuition fees. That would depend on your and your household's income. This will need to be paid directly to the college or university at the start of the academic year.
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