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by _delirium 4867 days ago
graduates only start paying back their student debt once (and only if) their income crosses a certain threshold

Interesting, I had missed this (but I'm not British, so haven't been following closely). It looks like the new scheme defers repayment if you earn less than £21,000 (US$32,500), and then it further caps annual payments to 9% of your income that exceeds that amount.

1 comments

This is very very similar to how it works for tertiary education in Australia too.