HR Glossary

What is Student Loan Deduction?

A UK payroll deduction for repaying student loans, calculated as a percentage of earnings above a plan-specific threshold and collected by employers through PAYE on behalf of the Student Loans Company.

Why it matters in hiring

Student Loan Deduction comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with S

• Stipend
• Stock Appreciation Rights (SAR)
• Stock Options
• Structured Interview
• Subject Access Request (UK / EU)
• Succession Planning
• Superannuation (Australia)
• Superannuation Guarantee (Australia)

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.