Both Types of Student Loan - Repayment Rules

Jonathan987654321

Someone I know has both type 1 and type 2 student loans - because they did not complete their first Uni course under type 1 but went back to uni a few years later under type 2. So type 1 you repay 9% above 15K and type 2 you repay 10% above 21K (plus inflation tweaks and so on).

My question is: will they have to repay 19% above 21K or can the two loans be combined into a single type 2 loan? Or what?

Ed-1

Jonathan987654321 wrote: »

Someone I know has both type 1 and type 2 student loans - because they did not complete their first Uni course under type 1 but went back to uni a few years later under type 2. So type 1 you repay 9% above 15K and type 2 you repay 10% above 21K (plus inflation tweaks and so on).

My question is: will they have to repay 19% above 21K or can the two loans be combined into a single type 2 loan? Or what?

https://www.whatdotheyknow.com/request/230088/response/579884/attach/4/Annex%202%20Submission%20Dual%20loan%20repayments.pdf

Click on the 3rd PDF.

Note the threshold for plan 1 is now £18,330 and the threshold for plan 2 is now £25,000.