Student Loans Company
Details
This guide applies to Plan 2 customers. Youre a Plan 2 customer if youre:
- an English or Welsh student (or an EU student who studied in England or Wales) who took out a loan on or after 1 September 2012
- an EU student who started an undergraduate course anywhere in England or Wales on or after 1 September 2012
- someone who took out an Advanced Learner Loan on or after 1 August 2013
You can also find out the overseas earning thresholds for Plan 1, Plan 4 and Postgraduate Loan repayments. If youre unsure, you can check which repayment plan youre on.
If you live abroad or work for a foreign employer, the minimum amount you must earn may be different from the UK.
Earnings thresholds for foreign countries are set each year. They describe the minimum amount you must earn in a country before youll start to repay.
The thresholds take account of differences in living costs from the UK. The exchange rates used to calculate the thresholds are also provided.
For each country, there is a fixed monthly repayment amount. This is the amount you could pay each month if you do not let Student Loans Company know about your income.
Overseas earnings thresholds for student loan repayment are based on:
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the annual UK earnings threshold during the period.
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World Bank data, which measures the differences in general price levels between countries
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the exchange rates, calculated as an average rate for the previous UK calendar year.