What is an income based loan?

An income based loan is money that you borrowed to help with your studies.


This could have been a Maintenance Loan to help you with your day-to-day costs, or a Tuition Fee Loan paid by us, on your behalf, to your university or college to cover the costs of your tuition fees. You have to pay these loans back.


This type of loan is also known as an Income Contingent Repayment (ICR) loan.


If you received any additional grants or bursaries you do not pay these back.

Can my income based loan be written off?

Yes, there are different rules for loan write-off depending on where you normally lived when you entered university or college and when you took out your first loan.