Annotated Starter Checklist

We provide an annotated copy of the Starter Checklist

A

If you are coming to the end of paying your only remaining student loan and have agreed to pay the Student Loans Company directly through monthly direct debits then still answer 'Yes' here but make sure you answer 'Yes' at question 11. There is information explaining how graduate loans are calculated and repaid through the Pay As You Earn system on our website: Plan 1 loans and Plan 2 loans.

If you are making additional voluntary payments to the Student Loans Company then you should answer 'Yes' here. Your student loan repayments will be calculated in addition to any voluntary payments (this is different to opting to pay the Student Loans Company directly when coming to the end of repaying your loan).

B

You only start repaying your student loan from the April after you completed the course that your loan relates to. So, if you graduated in Summer 2019 you will start repaying your loan from 6 April 2020(if you earn above the repayment threshold).

If you finished your graduate course after 6 April 2020 then you will not be required to make repayments on your graduate loan until the following tax year (2021/22).

Please note this will only relate to your most recent graduate loan and if you have another Plan 1 or Plan 2 loan then you will begin repayments for the other graduate loan as soon as you begin work and earn above the relevant repayment threshold.

C

If you are coming to the end of repaying your Plan 1 or Plan 2 loan then you can arrange to start paying the Student Loans Company directly see our webpages for Plan 1 loans and Plan 2 loans.

D

It is very important that you state the correct loan type otherwise incorrect loan repayments will be deducted as the different plans have different repayment thresholds.

If you are unsure what type of student loan you have then you should contact the Student Loans Company.

E

We provide information explaining how postgraduate loans are calculated and repaid through the Pay As You Earn system.

F

You only start repaying your student loan from the April after you completed the course that your loan relates to. So, if you finished your postgraduate course in Autumn 2019 you will start repaying your loan from 6 April 2020 (if you earn above the repayment threshold).

If you finished your postgraduate course after 6 April 2020 then you will not be required to make repayments on your postgraduate loan until the following tax year (2021/22). Please note this will only relate to your postgraduate loan and if you have a graduate (Plan 1 or Plan 2 loan) then you will begin repayments for the graduate loans as soon as you begin work and earn above the relevant repayment threshold.

G

If you are coming to the end of repaying your postgraduate loan then you can arrange to start paying the Student Loans Company directly (although this explains the process for Plan 2 loans the process will be similar for postgraduate loans).