Early photograph

Early

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Elevation 431
Area7511
Weather18°C, Wind SE at 13 km/h, 63% Humidity
HotelsView hotels
Zip code76802
Population2,980 (2017)
Local timeFriday 20:59
Date of Reg.
Date of Upd.
ID2986343
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About Early


Early is a city located in Brown County in west-central Texas, in the United States. The population was 2,762 at the 2010 census. It is named for Walter U. Early, who donated land for the schools. It is home to the Early Independent School District and the Heartland Mall.

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Student loans: How do they work, what can I borrow and when do I pay it back?

Jun 2,2023 5:40 pm

By Johny Cassidy and Hazel ShearingBBC News

The rules are changing for many students who will Take Out loans to go to university this year.

Here's what you need to know.

How do student loans work?

The Details depend on where you live in the UK, but student loans are typically made up of two elements:

Most people are entitled to the tuition fee element, capped until academic year 2024-25.

The maintenance loan is intended to cover accommodation, food, books and any equipment you need. It is means-tested, so the amount you get depends on your family's household income.

You might get extra money if you are disabled or have children.

If you are under 25 and have no contact with your parents, This means your parents' financial situation is not taken into consideration.

How can I find out how much I can borrow?

The amount of maintenance help available varies across the UK.

When and how do I apply?

It is not Too Late to apply for student finance if you want to start university this year, even though the official deadlines have passed.

It means you might receive some or all of Your Money a bit later.

You do not need a confirmed place at university to apply and, if your plans change, you can cancel or change your application before the start of your course.

The Process is different depending on where you live:

How do I get The Money ?

The tuition fees part is paid directly to your university or education provider.

The maintenance loan is paid directly to your bank account. If you applied before the deadline, you should have The Money before your course starts.

How much interest will I be charged?

You are charged interest on the loan from The Day you take it out, but the amount varies across the UK.

It is important to understand that the terms and conditions can change after you have borrowed The Money - any interest-rate rises will apply to all student loans not just new applications.

For students starting courses this year in England, the interest rate will normally be set at. It will be Previously, it was RPI plus 3%, with an interest rate cap that has varied over The Years .

For courses in:

The amount graduates pay back will depend on how much they earn.

When do I have to start paying back my student loan?

You do not have.

The earliest you will start repaying is the April after you leave your course.

Payments are made automatically through the tax system.

You generally repay 9% of the amount you earn over the threshold.

However, the amount you can earn before you have to start repaying differs across the UK.

The threshold for students starting university in England this year will be £25,000, down from £27,295 Last Year .

In Wales it will be £27,295, in Scotland £27,660 and in Northern Ireland £22,015.

You do not repay anything if you earn less than the threshold.

When are student loans written off?

In England, new rules mean that anyone starting university this year will pay back their loan for 40 Years before it is written off, regardless of how much is owed - a decade longer than Last Year .

In Wales and Scotland it is 30 years, and in Northern Ireland it is 25 years.

You still have to repay your student loan

Some People may opt to make extra repayments to clear some or all of their loan Early -

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Source of news: bbc.com

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