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Repayment Threshold 2019/20
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Ed-1
Posts: 3,956 Forumite
With RPI for March in at 3.3%, the repayment threshold for plan 1 loans will rise to £18,935 from 6 April 2019 (18,330 x 1.033 rounded up).
With the average earnings increase for Jan to March in at 2.9%, the repayment threshold for plan 2 loans will rise to £25,725 from 6 April 2019 (25,000 x 1.029).
From 1st September 2018:
Interest rates for plan 1 loans will be 1.5% (as a result of the base rate being 0.5%. If base rate rises before 1st September 2019 the rate will be capped at 3.3%).
Interest rates for plan 2 loans will range from 3.3% to 6.3% depending on whether you are studying or not (including the period until April after finishing) and what you earn if you are in repayment.
Interest rates for postgraduate loans will be 6.3%.
With the average earnings increase for Jan to March in at 2.9%, the repayment threshold for plan 2 loans will rise to £25,725 from 6 April 2019 (25,000 x 1.029).
From 1st September 2018:
Interest rates for plan 1 loans will be 1.5% (as a result of the base rate being 0.5%. If base rate rises before 1st September 2019 the rate will be capped at 3.3%).
Interest rates for plan 2 loans will range from 3.3% to 6.3% depending on whether you are studying or not (including the period until April after finishing) and what you earn if you are in repayment.
Interest rates for postgraduate loans will be 6.3%.
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With RPI for March in at 3.3%, the repayment threshold for plan 1 loans will rise to £18,935 from 6 April 2019 (18,330 x 1.033 rounded up).
With the average earnings increase for Jan to March in at 2.9%, the repayment threshold for plan 2 loans will rise to £25,725 from 6 April 2019 (25,000 x 1.029)..
From 1st September 2018:
Interest rates for plan 1 loans will be 1.5% (as a result of the base rate being 0.5%. If base rate rises before 1st September 2019 the rate will be capped at 3.3%).
Interest rates for plan 2 loans will range from 3.3% to 6.3% depending on whether you are studying or not (including the period until April after finishing) and what you earn if you are in repayment.
Interest rates for postgraduate loans will be 6.3%.
Updated for plan 2 threshold increase based on figures released today.0
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