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I’ve heard student loans deemed as Ribaa. However, for a UK university student loan, the conditions are documented:

How much you repay

You pay back 9% of your income over the minimum amount of:

  • £17,750 for Plan 1 - this amount changes on 6 April every year
  • £21,000 for Plan 2

Interest starts being added to your loan from when you get your first payment. How much you pay depends on which plan you’re on.
Repaying your student loan

Is this classed as Ribaa? I think it is.

And is it not classed as a "necessity" if I have no other means to pay for education, or if it's used to provide for my family?

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