Charmaine Valente Presentation - Practitioners

More documents

Recommendations

Info

Repayment Overview • If income falls to £21,000 or below repayments will be suspended • Remaining loan balance cleared 30 years after entering repayment process • No penalties will be placed on early student repayments • A student loan is very unlikely to affect your ability to get a mortgage (The Council for Mortgage Lenders ) • Mortgage lenders are most interested in your monthly income (Ability to repay)
Repayment Comparison Gross Income Old System Monthly Repayment New System Monthly Repayment £16,000 £1 £0 £18,000 £16 £0 £21,000 £39 £0 £24,000 £61 £23 £27,000 £84 £45 £30,000 £106 £68 £33,000 £129 £90 £36,000 £151 £113 £40,000 £181 £143 This year will see the first inflation linked rise in repayment thresholds for existing students from £15,000 to £15,795
Page 1 and 2: South East Region - England Charmai
Page 3 and 4: Student Finance Adviser - The Role
Page 5 and 6: What could full-time students get i
Page 7 and 8: Combined Maintenance Support for 20
Page 9 and 10: Part-Time and 24+ Advanced Learning
Page 11 and 12: 24+ Advanced Learning Loans • To
Page 13 and 14: The Home for Student Finance Inform
Page 15 and 16: Applications - Key Messages • Stu
Page 17: Repayment Overview • Graduates wi
Page 21 and 22: Working in Partnership We recognise
Page 23 and 24: Student Finance Applications in the
Page 25 and 26: Supporting the South East Engagemen

Charmaine Valente Presentation - Practitioners

Create successful ePaper yourself

Delete template?

Save as template?