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Once you have entered the correct details for the learner’s loan, tick Generate Payment Records and Save the loan details . This will generate the following records to schedule payments in the Payment Records tab. The following types of payment will be generated:
Learner Contribution values – These will be made up of the SLC Balance to Pay value divided into monthly installments between the SLC Loan Start and SLC Loan End dates.
Loan Payment – These will be made up of the SLC Loan Amount value divided into monthly installments between the SLC Loan Start and SLC Loan End dates.
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