Students: Overpaying my student loanLeaf Content
Student loan repayments are due when your income rises above the starting limit of £15,000 a year (£1,250 a month or £288 a week). The amount you will pay is 9 per cent of your income over and above the starting limit.
If you have repaid too much towards your student loan you may be able to claim it back.
If you think you're paying too much now
If you have repaid your loan in full but you are still making repayments through
your pay, you should contact the Student Loans Company (SLC) for advice on
0870 240 6298.
If your employer has made a mistake in your student loan deductions in this tax year you should speak to your employer. They should be able to repay any over deductions direct to you or not make any further deductions from your pay. (They can also collect any under deductions directly from you.) If your employer cannot help, you can contact us - specific enquires for advice.
If you think you paid too much last year
If you made repayments even though you earned less than the starting limit
you should contact the SLC on 0870 240 6298 for advice. They
will need to know full details of your income and deductions, which can be
found on your P60 certificate.
If your employer made a mistake in the amount it deducted from your wages, you can contact us - specific enquires and we will then arrange to make a repayment to you.
To find out how much you should be repaying go to: Repayments: how, when and how much I will pay?
