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My previous employer did not deduct Student Loan Payments

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  • MrsManda
    MrsManda Posts: 4,457 Forumite
    Your bill is £700 or am I misunderstanding?
    I only paid back my student loan at a rate of £1 a month, so a one year bill would be £12. Admittedly, I was only earning just over the 15K but still, £700 seems a lot.

    For income related loans you pay 9% of everything you earn over £15,000 so if the OP is earning ~£23500 he'll have paid ~£700 over the year.
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