Repaying Your Student Loan
Once you complete your course or discontinue the course before completion, you are entitled to pay a certain amount.
You must follow the repayment threshold, which implies a certain level of income.
The present UK limit is £33,332 annually, £2,774 monthly, or £639 weekly.
For instance, if your monthly income is £2900 before tax, you must pay around £11.34 per month. You are earning £126 more than the limit. The interest rate is 9%. So, £11.34 is 9% of £126.
If you are still confused, check out this table to get a better overview of it.