Student Loans

Any employee you take on may have a student loan. They don’t have to be under the age of 25!

The loans are only collected after the students (borrowers) finish or leave their higher education course and when their income reaches a certain level, and it can take a number of years for a borrower (student) to repay a loan.

So employees repaying a student loan are unlikely to be ‘students’ and may include former mature students who took out a student loan when they started their studies sometime after their mid twenties.