Life after Student Loan 1 July 2019 at 7:35PM in Student MoneySaving 2 replies 2.2K views

longtallgoose

Hi guys,
Just a quick query, I've predicted I'll pay off my Plan 2 student loan in February 2020, I was just wondering how my net salary is worked out?

I pay approx £280 towards my student loan at the moment as a deduction alongside my PAYE and NIC etc.

When I've finished paying this off will I be £280 better off NET, or will my PAYE & NIC go up to reflect this increase?

Thanks!

silvercar

You should be £280 better off.

Congratulations!

You must be doing very well as the earliest Plan 2 loans only went into repayment April 2016.

longtallgoose

Oh that's amazing - thanks! I only had around 10k in maintenance loans as my course was funded, hence how I've been able to pay it off!