We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Student loan question

Options
I’m hoping to go to university to study as an osteopath. If I never earn over 25k, is it really true that no money at all needs repaid?
And after 30 years it’s wiped off completely?
If I move and live in USA will I still be liable to pay back my loan, just salary depending?

Comments

  • [Deleted User]
    [Deleted User] Posts: 4,176 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Smb3088 wrote: »
    I’m hoping to go to university to study as an osteopath. If I never earn over 25k, is it really true that no money at all needs repaid?
    And after 30 years it’s wiped off completely?
    If I move and live in USA will I still be liable to pay back my loan, just salary depending?

    All true, you pay your loan wherever you live in the world though each country has its own income level to work out payments.
  • glider3560
    glider3560 Posts: 4,115 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Smb3088 wrote: »
    If I move and live in USA will I still be liable to pay back my loan, just salary depending?
    For the current year, the threshold for people living in USA is £25,000 and they are using an exchange rate of 0.77961.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.