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Maintenance loan decrease
Hi, I am a student currently and get the maximum maintenance loan from student finance. This started the year around £9950 but I received a letter 6th November decreasing the amount to £9436. I can’t find anything saying the government were reducing the maximum figure. I would have expected that to be in the news. Has this…
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Paying back while working and studying
Hello I finished my studies in 2019 but I started my paying my student loan back way before I had finished studying. I was studying part time whilst working full time. I am also on plan 2. Is it correct that I started paying my loan back way before I had finished studying and not the April after I finished?
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Disability
I've heard adults on disability can get free laptops and mobiles phone packages due to financial hardship. Yet not able to find any place except for some discounted places, but still unaffordable. Have tried the council but they say it's a discretionary fund and reject the application.
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Student loan
I paid odd my student in 2015 or 2016 as I was kept asking to by the student loan company. I took out a personal loan to repay all.od it even though i was not working. Can I reclaim.it all back.as its a very large amount so can have some.peace of mind and pay back the personal loan i didn't have to take out and whats the…
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Guide discussion: Plan 5 student loans
This is the place to discuss our new guide on 'Plan 5 student loans'. We'd love to hear your thoughts, personal experiences, and general feedback. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.'
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Student Loan Refund Due?
Hi, Just spoken to the Student Loan Company about a refund. They said they owe me £475 for 2016 when I earnt below the threshold. They said they can put it back in my bank but then I would need to pay it back to them by PAYE, is this correct??? My student loan was paid off in full in 2019 so not sure if this affects…
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Settled Mortgage style loan, when it was due to be written off - any chance of a refund?
Hi, I was offered a settlement fee for my mortgage style loan, with Erudio. I accepted, thinking I may be promoted soon, however, the loan was due to be written off a few months later and I think I would have been better off not paying the settlement fee. Do I stand any chance of a refund, eg due to being misled? Many…
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Plan 1 & Plan 2 loans
Hey! I’ll be the first to admit, I am extremely careful and ‘on the ball’ with all my finances generally. However, the one that I have not been on the ball with, is my student loan! For years now, it just comes out of my wages and although rather annoyingly it is around £140 every month, I tended to just think it is what…
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Paid off in full early
I had a student loan 2012 and graduated in 2014. 2021 I got some unexpected money and I had been working a lot of overtime and was fed up of huge chunks of this money earned going towards my student loan repayments so I phoned up asked how much it would cost to wipe the debt and I paid the balance. Does this mean there is…
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The 1000 club
A friend of mine has told me about this investment club. I googled it and its membership is by recommendation only - that shouldn't be an issue as my friend will nominate me and she'll get a kick back for doing so. And this is where I question what this club's about - kick backs for intro's suggest a form of pyramid…
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Student Loan Overpayment
Hi everyone, This may have been asked/answered before so apologies for that. I currently have a student loan of £64,000 consisting of £52,000 undergraduate and £12,000 postgraduate having graduated in 2016. My loan will therefore be wiped out in 2046. I am in a career whereby I have the potential to be a high earner and…
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Expat Student Loan Issue
Hello, I've recently been sent on expat by my employer to a country in the EU from the UK. During this period my salary is split so I get paid 25% in the UK and 75% in the host country. The problem I am facing is that my employer covers my tax in the host country which is fairly hefty but this is reported on my UK salary…
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Student Loan repaid
My student loan repayment from 2002-2004 was deducted from my pay. In 2021 it stopped, obviously repaid however, I received no notification, no statement or any communication from Student Loan. I could have overpaid, I could have paid less (doubt it), either way, I thought I would have got a statement. Has this happened to…
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SUPER complicated SLC Plan 1 question - I am confused!
Hi all! I did a year of university here in the UK in 2010-11 using student loans, then moved abroad in 2011 to restart a degree in Canada. I’ve just relocated back to the UK as an expat. - 2011-2016: full time student - 2016-2023: working, sporadically. But never above the threshold. Stupidly, the entire time I was living…
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Coop stopping accetance of Totum Card
My local Coop has said that Totum Card is no longer accepted by the Coop. This is a potential massive financial shock. Can anyone confirm?
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Studying in US - general life Q's
Son MAY have the opportunity to study in the US for a year and i'm trying to think ahead. Mobile phone - he currently has a line on my contract. Can i suspend that line for a year? (EE). His current phone does not have an eSIM, i may get him a phone for Xmas with an eSIM, but what's the best way to get connectivity?…
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Lifelong Learning Entitlement for returning learners
The Government announced on Wednesday how residual entitlement will be calculated: https://www.gov.uk/government/publications/how-much-lifelong-learning-entitlement-you-could-get/how-much-lifelong-learning-entitlement-you-could-get Pre-2012 students get the full deduction for each year or part-year of study. Post-2012…
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Architecture masters - student loan refund/overpayment, any experience?
Hello, Not sure if anyone has any experience of this. Reading through the student loan refunds, I understand that repayment is due one year after your course is finished. As the architecture master's is considered a single course, does this mean that repayment is due one year after the masters rather than the undergrad?…
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Student loan deduction with backdated pay? Help please.
Hello I am currently on the plan 4 for student loans in Scotland where the threshold is £27,660 however my salary is at the highest amount it has been since I began working for my local authority in March 2018 and that amount is £26460.84 so I have never earned enough to be paying it back yet. In July 2020 I received…
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SLC overpayment refund - THEY DONT GIVE IT BACK TO YOU, JUST ADD TO BALANCE
So I read Martins post and other people getting refunded for overpayment. GREAT I thought! However, I called them and even though theY confirmed that I have overpaid by £1700 they WONT refund me, just add it back to the remaining balance of the loan. All this does is increase what I need to pay back, and in my situation I…