The repayment threshold

Using the correct tax code

We'll send you a statement twice a year, in May and October.

If you’re eligible for an interest-free student loan, interest is charged and then written off on a daily basis. The amount of interest charged and then written off will show on your statement.

Statements and balances

Eligibility for interest-free student loans

If you want to find out your student loan balance at any time during the year, you can either:

• look at your account balance online by registering for an Online Services account and selecting the Look at Account Information service, or
• request a statement.

You can make additional repayments at any time. This will mean you can repay your loan faster. Use the Student loan repayment calculator to work out how long it will take.

You can also choose to pay off your loan in full at any time.

Make a repayment

Additional repayments

Repay your loan in full

If we think you haven't paid the right amount of tax or student loan repayments throughout the year, you'll receive:

• a personal tax summary outlining what you've earned, what tax you've paid and any tax refund or amount owed, and
• an end-of-year repayment calculation showing your student loan repayment obligation for the year, what you’ve paid towards it and any overpayment or amount owed

If you don't receive an end-of-year repayment calculation, you've probably paid the right amount towards your student loan for the tax year.

Personal tax summary

End-of-year square-up process

If you've received an end-of-year repayment calculation you may need to:

• make a repayment for the amount owed, or
• if you've overpaid, you can request a refund otherwise the overpayment will be used to reduce your loan balance.

Overpayments and refunds