The student loan becomes due for repayment in the April following the date that the loan account holder completes or leaves their course.
The Student Loans Company will advise HM Revenue and Customs (HMRC) that the loan has become due for repayment. They in turn will instruct the loan account holder’s employer to deduct repayments from their gross income at the rate of 9% of any income earned in excess of £15,000 a year, £1250 per month or £288 per week.