Student Loans & Payroll Deductions

UK employers are being urged to prepare for significant changes to student loan repayments as a new repayment plan—Plan 5—takes effect from 6 April 2026, marking its first year of deductions through the PAYE system. Introduced for students in England who began undergraduate courses, PGCE programmes, or Advanced Learner Loans on or after 1 August […]

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UK Student Loan Refunds Hit £175 Million in 2024/25

In a significant boost for recent graduates and long-term borrowers, the UK’s Student Loans Company (SLC) has processed refunds totalling £175.2 million for over 721,100 individuals in the 2024/25 tax year. This marks a sharp rise from the previous year’s £61.1 million disbursed to 216,300 customers, highlighting persistent challenges in the Income Contingent Repayment (ICR) […]

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Student Loans & Payroll Deductions

Plan 5 Becomes the New Default for Student Loan Deductions from April 2026

UK Student Loan Refunds Hit £175 Million in 2024/25

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