Changes to the Interest Rate and Deferment Threshold for Mortgage Style Loans – 2020/21

Interest Rate

The Department for Education (DfE) have confirmed that the new interest rate to be applied to all loans currently being serviced by Thesis Servicing for the period 1st September 2020 until 31st August 2021 will be 2.6%.

Deferment Threshold

The DfE have also confirmed the new deferment threshold for mortgage style loans for 1st September 2020 until 31st August 2021.  The new threshold is a gross annual income of £30,646 (equivalent to £2,553.83 per month).  If you require advice regarding a deferment application, please refer to our FAQ section where there is information regarding deferment applications.

COVID-19 Pandemic

If you are experiencing issues obtaining the required deferment evidence, or may not be able to maintain your monthly payment, please contact our customer services team who will be able to provide the appropriate support and advice specific to your circumstances.

If you have a specific query you may email us at and we will endeavour to respond as soon as we can.

If you would like to make a payment you can do so via the Online Payments section.

Thesis Servicing is the UK’s premier private-sector owned student loan administrator. The business is part of the Link Financial Group and was created in response to the ever growing demand for public and private sector higher education funding. We operate a purpose built customer service centre and system which means we are able to manage the full life cycle of a student loan from origination to settlement. We also offer deferment and arrears management services to address the needs of those borrowers who are unable to keep to their scheduled payment plan.

Thesis Servicing is committed to providing an excellent service to our clients and customers. You can contact us by telephone on 0333 004 5045 (or if calling from abroad: +44 2920 808 684) or by email at

Since 2008, Thesis Servicing has been responsible for administering a portfolio of student loans sold by the UK Government in 1998 and now owned by Finance For Higher Education (FFHE) Limited.