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  • Odyssy
    SLC selling debt to collectors?
    HI there SLCworker, hope you can shed some light on this. My daughter had one of the 'old' style student loans around the mid to late nineties and then one of the newer type for the later part of her degree course. As far as I can remember, the transition beween the 2 kinds and the difference between the repayment terms and salary thresholds were quite complex. I don't remember the exact dates and never knew the amounts.
    She's moved addresses several times and never earned more than about £13,000, she's never made any repayments, and she's deferred the loan a few times as required.
    The problem seems to be that when she last moved she sent the deferral forms with her change of address.

    There then seems to have been several exchanges along the lines of 'You've not sent us your deferral forms'.
    'Yes I have, they were with my letter to you informing you of my new address, to which you have just sent me a letter telling me that you you haven't received them.'

    There then seemed to be a silence, until we (as one of her contact addresses) started getting phone calls from a company called The Logic Group, asking about my daughters whereabouts, could I confirm that her phone number ends in XXX and her address is at number XX (both were correct) and when questioned why they were calling, said it was about collecting the arrears of her student loan repayments.

    I told them to write to her. They said get her to call us (on an 0870 number). They have since called her other contact (an 85 year old relative) three times, tried here again (my wife sent them away with a flea in their ear) and on each occasion been told to write to her.

    I found the company details on the web :- http://www.logicgroupplc.com/Services_Home.html

    They have now (after several weeks) written to her about this and mentioned getting local collectors to call.

    From an entirely different source, I have been told that the SLC is 'quite good at losing deferral forms'. As my daughter has been unemployed for several months and is struggling to survive, she is now getting worried and increasingly angry.

    Sorry for the long post, but could someone confirm (or otherwise) if the SLC is selling its debts for collection? And what we should do about it.

    Thanks.
    • elisebutt65
    • By elisebutt65 23rd Mar 06, 8:10 PM
    • 3,791 Posts
    • 7,285 Thanks
    elisebutt65
    I thought it would be better to post this here, rather than start a new topic...can anyone tell me when I should renew my student loan application, I will be entering my second year of Uni in September, but I'm not sure how to go about applying again for a student loan...any advice?
    by whitey1987
    They contact you - or you can go and reapply online when it's up and running again - Is it May????

    I always just wait for the paperwork to turn up - 4th year in FE now - lol. Did an HND and now a degree - Got my PGCE stuff to sort out next year -
    Man, there is soooooo no way I can ever pay this all back and I've only got 20 more years to go before I can stop paying it anyway- RAFLMAO!!!
  • laurat
    Trying to restart repayments but money not being taken!
    Hi slcworker - I wondered if you could help please? Here's the story...

    I graduated in June 2004 so my student loan repayments commenced in April 2005 directly out of my wages. These continued until June 2005, when I stopped working and went travelling for a couple of months.

    In October 2005 I started working again and am earning over the threshold, but my loan repayments haven't restarted. I have spoken to both my employer and the SLC, who are both at a loss as to why this is. I handed my P45 in to my new employer when I started and they say that they have done everything correctly at their end. And the SLC say that I am on their system as employed correctly.

    Whilst it is rather nice delaying payment (!), I am very conscious of the interest mounting and really want to get this sorted, but no-one seems to want to help.

    Do you have any ideas?

    Thanks in advance :-)
    Waddle you do eh?
    • citycastaways
    • By citycastaways 25th Mar 06, 4:50 PM
    • 41 Posts
    • 1 Thanks
    citycastaways
    student loan
    hi SLC worker can you help me with this

    Have just got back from an open day at plymouth uni they say that becouse the nhs pays the tuition fees for nursing degree and our houshold income is above 40,000 (even though the houshold outgoings are not much less than that) then my daughter will only be able to get 50% of the student maintenance loan amounting to approx£2170 even though the uni estimate it will cost approx £150 per week living exp and the course lasts 43 weeks = £6450 is this right and are there any more grants available from other sources any help would be appreciated
    Last edited by citycastaways; 28-03-2006 at 12:48 PM. Reason: re address
    • molar
    • By molar 27th Mar 06, 8:23 PM
    • 177 Posts
    • 30 Thanks
    molar
    Hi SLC

    My friend has saved for years to start uni.

    I suggested to her that instead of using her own money to pay fees etc, she take a loan (both tuition and maintenance) from SLC and put her savings into a high interest (5%) ISA or similar.

    Question is - Do you know if her savings will accrue more interest than a Student Loan and thus be able to pay back the loan with her savings at the end of her course and cream off the extra earned interest for herself?

    If so then this would be a good thread to start for others.

    Thanks for speaking from the lions den! Matt.
    by mattsaze
    Could she could make even more money by never repaying the loan?
    Compare...
    the amount of profit she can make by leaving the money in the savings account, keeping the student loan until it is repaid via minimum repayments
    with...
    the amount of profit she can make by investing the money creamed off after immediately repaying the loan plus the profit she can make by investing the money which she would have otherwise spent on the minimum loan repayment.

    Plus is there a chance that she might never have to repay the loan? I know at the moment I only repay the monthly interest so at this rate its going to get written off
    Last edited by molar; 27-03-2006 at 8:56 PM.
    • lidlest
    • By lidlest 28th Mar 06, 5:52 PM
    • 228 Posts
    • 283 Thanks
    lidlest
    Help please, I have an old style and a new style loan, I have been told I have to pay them both back at the same time (i earn over both thresholds) but that would mean paying them over £230 a month, thats a lot of money for a single mum. Is there anything I can do?
  • Sassy Student
    Hello SLC worker, (sorry to tag another question on to the unanswered ones!)

    I'm starting a year in industry this year (Paid - YAYAYAYAY!) and i was wondering if there is any support avaliable. My Household income is well below all thresholds, and looking at the student loan form there is no where to put in MY earnings....


    any idea?

    cheers!
    Overdraft left: £275
    Savings in pen pot: £0

    Days till next Loan: loads..

    Days till Next Paycheck: even more..
  • Chalky87
    They contact you - or you can go and reapply online when it's up and running again - Is it May????

    I always just wait for the paperwork to turn up - 4th year in FE now - lol. Did an HND and now a degree - Got my PGCE stuff to sort out next year -
    Man, there is soooooo no way I can ever pay this all back and I've only got 20 more years to go before I can stop paying it anyway- RAFLMAO!!!
    by elisebutt65
    Thanks for that!
    Stuff Happens As Wave of Ambiguity Spreads
    • pondie1
    • By pondie1 4th Apr 06, 9:11 PM
    • 1,664 Posts
    • 5,374 Thanks
    pondie1
    i wonder if you could answer my question,i am looking at section11 in pn1 notes booklet(for my daughter starting uni sept 06)my husband is on invaliditybenefit,war pension,dla care,i recieve ctc and cb,do all these go on the form as income,as i am unsure of wording of b11,my husbands war pension nor ib count as income on ctc,(untaxable income) thanks
    • elisebutt65
    • By elisebutt65 5th Apr 06, 9:28 AM
    • 3,791 Posts
    • 7,285 Thanks
    elisebutt65
    I thought it would be better to post this here, rather than start a new topic...can anyone tell me when I should renew my student loan application, I will be entering my second year of Uni in September, but I'm not sure how to go about applying again for a student loan...any advice?
    by whitey1987
    Just to let you know, I got my pack for renewing this morning and the online application be will be available from 19th April according to the website. Going to hang on for this as there is also a chance to win an Ipod - lol, and it's a lot easier this way as well.
  • elcapo
    Student Loans Company ineptitude
    Hi there Student Loans Worker,

    I wonder if you can help me out with this?? I have three loans from 97-98 to 00-01. In 2003 I went travelling for two years forgetting to defer my loans. I called SLC from Buenos Aires (a number of times) and then from Tokyo a few months later (a number of times) when I knew that they were sending me letters and making phone calls home.
    When I called they told me that they would send me a deferral letter by fax to my places of work but they never arrived and I arrived back in London to find that I had £1500+ worth of arrears . When I came back I found that two of my loans had been transferred to Honours Student Loans and neither my family or I was aware of this. I tried to resolve this when I got back and have been paying them since July last year. However, I still don't feel that I should pay the arrears as even now I have failed to recieve letters from them stating that they have recieved the numerous phone calls I made when abroad and notification to rescind the charges. They will also not update their records and now I am having problems getting credit from other companies due their ineptitude. They are rude and are unwilling to believe that I was not running away from them - what can I do? Because I am NOT going to pay these charges. HELP!!!!! :confused:
  • kayspain
    Hi - Looking at my son's forms for next year it seems to have changed, yes I know its possibly been in the news, but I have slept since then, he is on Y3 of a 4 year undergraduate course, this year at work placement. As we both work, he only gets the unaccessed basic loan, but it looks less, or is it me not having time to read it correctly?
  • dinkie
    Hi

    I have an outstanding SL from 20001/2002. Will this block OU funding? (Am 40 now; did 2 years of Fine Art degree, then had to leave due to health. Hoping to take spanish studies further.) Have contacted OU, but not heard anything back.

    Thanks, Cat
    • sly_dog_jonah
    • By sly_dog_jonah 5th Apr 06, 2:40 PM
    • 1,005 Posts
    • 1,211 Thanks
    sly_dog_jonah
    Hello SLC worker, (sorry to tag another question on to the unanswered ones!)

    I'm starting a year in industry this year (Paid - YAYAYAYAY!) and i was wondering if there is any support avaliable. My Household income is well below all thresholds, and looking at the student loan form there is no where to put in MY earnings....


    any idea?

    cheers!
    by Sassy Student
    Back in 2000-2001 I was on placement and if I remember rightly the loan entitlement was significantly lower (due to it being a year in industry, not because of the salary) but I was still liable for 50% of the tuition fees. Not sure if rules have changed since then but it's worth pursuing anyway.
    Cider Country Solar PV generator: 3.7kWp Enfinity system on unshaded SE (-36deg azimuth) & 45deg roof
  • lovetoad
    No loan question
    Hi there

    My daughter has received the application pack to fill in for next year (the 2nd yr of her course). As we didnt want her to be landed with a huge loan, my husband and I are paying her fees and her keep (she lives at home). We were told to fill in the forms last year as if we hadnt the college fees would have been more expensive. This year they were about £1200. My question is, is this information correct? Should I bother filling in the forms this year? We will be paying for everything she needs but will the fees be higher?

    Many thanks
  • jorj
    Hi slcworker,
    My son needs to get out of the final term of his contract with halls of residence.
    I looks like the only way may be to withdraw from the course, renrole after a week or so, when the contract is terminated.
    How will this affect the paperwork for his loan,, a break of about 10 days?
    will it be loads of paperwork?? WE hate paper work.
    thanks
    • Roz_V
    • By Roz_V 6th Apr 06, 11:27 AM
    • 1,146 Posts
    • 3,260 Thanks
    Roz_V
    Hi, I've been lurking for a while but this is my first real post so be kind!

    I will be a final year student in the academic year 2006/07 and was wondering if you could tell me what the non-means assessed loan is for final year students? Is this paid in three equal installments or is the summer installment lower/non-existant?

    Help would be much appreciated.

    Thanks
    Last edited by Roz_V; 06-04-2006 at 2:07 PM.
  • VJW
    Hi

    I have a student loan going back to my 4 years at Glasgow 1992-96. I have only had a very brief period in which I was over the threshold for repaying it and I am now a full time Mum so not earning anything. Will the debt stay with me forever or does there come a point when they say forget it?
    • gregg1
    • By gregg1 7th Apr 06, 8:16 AM
    • 3,007 Posts
    • 4,131 Thanks
    gregg1
    hi - hope you can help - my OH was a PGCE student in 03/04. We supplied all the correct information in relation to the loans etc which we duly received. Yesterday we received a letter from Student Loans saying we had been overpaid by £3,600 and giving us 12 days to pay it in full! There were no details with the letter as to why or how the calculation had been made. On phoning we spoke to a really stroppy guy who refused to give us any further information (you can imagine the panic we were in at this point) saying he had no details (cannot believe that). Anyway, he told us to phone our LEA but would not tell us which dept or who to speak to. Eventually got through to someone who said they were missing a form which should have been sent to them. My OH pointed out that we had filled in ALL the forms which had been requested. They are sending out a new form but we are absolutely livid about the way this has been handled and worried sick about having to find this sort of money in such a short time. It was 2 years ago - if they realised they were a form missing why do they not write to you first instead of just assuming and sending out these frightening letters. Also, do you think we will have to pay this money back if its their mistake and two years ago? Any help would be gratefully received. The main point here is that in no way have we ever tried to claim anything which we were not entitled to, we have been completely honest. and submitted all the proper paperwork requested. It is almost impossible to work out for yourself what you are entitled to so you do have to rely on the powers that be to get it right.
    Last edited by gregg1; 07-04-2006 at 8:19 AM.
    • Crispy Ambulance
    • By Crispy Ambulance 7th Apr 06, 10:32 AM
    • 3,767 Posts
    • 6,162 Thanks
    Crispy Ambulance
    Hi there

    My daughter has received the application pack to fill in for next year (the 2nd yr of her course). As we didnt want her to be landed with a huge loan, my husband and I are paying her fees and her keep (she lives at home). We were told to fill in the forms last year as if we hadnt the college fees would have been more expensive. This year they were about £1200. My question is, is this information correct? Should I bother filling in the forms this year? We will be paying for everything she needs but will the fees be higher?

    Many thanks
    by lovetoad
    The best thing to do is to fill in the forms and send them off, then she will be treated as a home student. There isn't much to fill in if you are not being income assessed.
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