Borrowers become liable to repay their loans in the April after they leave their course (the Statutory Repayment Due Date). After that date those with earnings of over £15,000 will repay, usually by deductions from salary. Those liable to repay who have not yet made a repayment will include borrowers whose earnings are below the repayment threshold, have gone on to further study or are doing voluntary work.
Age2 Numbers who have not yet made a repayment Numbers who have made a repayment Total Less than 20 20 10 30 20 to 24 2,180 4,790 6,970 25 to 29 1,910 11,780 13,690 30 to 39 530 1,200 1,730 40 to 49 260 480 750 50 and over 100 190 290 Total 5,000 18,450 23,440 1 Table covers income-contingent loan borrowers past SRDD with known repayment status, the local authority in which the borrower was resident at the time of application for student finance; this does not indicate current residence. Figures rounded to the nearest 10. 2 Age at the end of the last tax year for which repayment/non-repayment information has been posted, mainly end of tax year 2007/08. Source: Student Loans Company
Reliable information is not available at constituency or district level.
The information requested is as follows:
Earnings in tax year 2007-08 Numbers who have had a deduction from earnings under PAYE Amount deducted from earnings under PAYE Average amount deducted Less than £15,000 3,210 430,000 130 £15,000 to £20,000 3,200 970,000 300 £20,000 to £25,000 3,720 2,470,000 660 £25,000 to £30,000 2,710 2,880,000 1,060 £30,000 to £35,000 1,420 2,060,000 1,450 £35,000 to £40,000 740 1,340,000 1,800 Over £40,000 1,060 3,110,000 2,920 Total 16,070 13,250,000 820 1 Tables cover deductions by PAYE from income-contingent loans. Excludes Self Assessment deductions. Tables cover deductions which HMRC has notified to SLC by 31 March 2009. There will be further deductions notified for tax year 2007-08. The table shows the local authority where the borrower was resident at the time of application for student finance; this does not indicate current residence. Source: Student Loans Company
Deductions from salaries are made when the borrowers’ income is above £15,000 per year, £1,250 per month or £288 per week.
Reliable information is not available at constituency or district level.