In fact, gotu kola is not related to kola nut and contains no caffeine. Gotu Kola is a rejuvenative nervine recommended for nervous disorders, including epilepsy, senility and premature aging. As a brain tonic, it is said to aid intelligence and memory.
You pay 9% of your income over the threshold. For example, if you are paid monthly and earn Â£1,750 before tax per month you would repay 9% of the difference between what you earn and what the threshold is: Â£1,750 - Â£1,481 = Â£269. 9% of Â£269 = Â£24. So your student loan repayment would be Â£24 a month.
Drawbacks of Student Loan Forgiveness. In certain situations, you're required to report forgiven loans as taxable income. This may increase your tax liability that year and could result in a tax bill when you file in April. Not all student loan forgiveness programs require you to pay taxes on the forgiven debt.