What is the repayment process for student finance?

The repayment process for student finance typically begins once a student completes their studies and is earning above a certain income threshold. In most countries, including the UK, the repayments are made through an income-contingent loan system. This means that the amount owed is linked to the graduate's income, with repayments automatically deducted from their salary once it reaches the designated threshold. The percentage deducted is usually a fixed proportion of their earnings and may vary depending on income level. Repayments through this method are designed to be affordable, aiming to prevent financial burden on graduates. The process is often managed by the national student loan agency or a designated government body, which provides clear guidelines and instructions to borrowers.