Taking a step back and looking at your finances could really help you to feel in control and stay on top of your spending. A free Financial Health Check with one of our Senior Personal Bankers is a great way to do that. They can go through your day-to-day spending and help you with ideas on how you can make your money work harder.
After leaving university, you'll only start repaying your student loan once you're earning approximately £21,000 a year (£1750 a month).
From then on your repayments are fixed at 9% of everything you earn above that threshold. For example, if you earn £30,000 a year you are £9000 over the threshold and will pay 9% on that £9000. Therefore your yearly repayment would be £810.