24 August 2023
The Department for Education (DfE) has confirmed the student and postgraduate loan thresholds to commence from April 2024.
The below announcements have been made today:
- from 6 April 2024, the employee earnings threshold for student loan plan 1 will rise from £22,015 per year to £24,990 per year
- the income threshold for repayment of plan 2 loans from April 2024, will remain at £27,295 per year
- the income threshold for repayment of plan 5 loans due to come into repayment from April 2026, is £25,000 per year
- the income thresholds for repayment of postgraduate masters and doctoral loans to apply from April 2023, will be announced in due course.
Details regarding the Scottish student loan plan type 4 for April 2024, is yet to be confirmed by the Scottish government.
Read the full news story, here.
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