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The Current System

The Current System. The New System. 2010/11 tuition fees are £3,290 EVERYBODY eligible for loan covering full fee amount Repayments taken through PAYE system and only when earnings are above £15,000 per year. 2012/13 tuition fees are up to £9,000

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The Current System

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  1. The Current System The New System • 2010/11 tuition fees are £3,290 • EVERYBODY eligible for loan covering full fee amount • Repayments taken through PAYE system and only when earnings are above £15,000 per year • 2012/13 tuition fees are up to £9,000 • EVERYBODY eligible for loan covering full fee amount • Repayments taken through PAYE system and only when earnings are above £21,000 per year

  2. The Current System The New System Repayments Repayments Repayments • Degree - £6,000 a year • Salary - £25,000 a year • Repayments – 9% of £4,000 • £360 a year or £6.92 a week • Degree - £9,000 a year • Salary - £25,000 a year • Repayments – 9% of £4,000 • £360 a year or £6.92 a week • Degree - £3,290 a year • Salary - £25,000 a year • Repayments – 9% of £10,000 • £900 a year or £17.31 a week

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