Only sort-of interest free. Interest is charged, but 'only' at the rate of inflation.
Repayment starts when earnings rise above £15,000 pa. But it's entirely possible that the repayments won't even cover the interest charged initially, so the debt will continue to grow until one earns considerably more than £15,000 pa.
Quote:
Originally Posted by HarryT
English universities can currently charge students a maximum of £3000 per year in tuition fees, but there is a government-run "student loan" system which will lend students the money, interest-free, until they start work and have to repay it. ie in theory, at least, access to university education is not dependent upon one's ability to pay for it "up front".
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