Once you leave University and start earning over a certain amount you have to start repaying you loan on a monthly repayment scheme. Payments will depend on how much you earn over each month you are being paid, this is called a pay period. If by the end of the year you have earned under the yearly amount, you can ask for a refund. However, if you have earned over the yearly amount, no refund will be due.
You will still have to repay your loan if you are:
- An employee
- Self employed