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Help With Student Loans - HERE!
Hey, i have alot of Knowledge of how the student loans procedure works. If anyone needs any help, i can advise as much general info. Obviously i cant divulge into specifics due to Data Protection and the fact that i'd get fired, but anything i can help with, just let me know.
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The Great 'Student Discounts' hunt
How about having a great student discount hunt with the new term coming up - hopefully I will qualify for them then as I am looking to do a hunt and it would be useful to have all the discounts in one place _________________________ Note from martin: I love this idea and have therefore adopted it and made it an 'official'…
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MSE’S ‘Academoney’ support discussion thread
DIWEDDARIAD Mawrth 2021: Mae cwrs ‘Academoney’ bellach wedi’i gyfieithu i’r Gymraeg. Cofrestrwch i gwblhau’r cwrs yn Gymrae yn fan hyn, ac am fwy o wybodaeth, gwelwch stori newyddion ddiweddaraf MSE. UPDATE March 2021: The ‘Academoney’ course has now been translated into Welsh. Sign up to do the course in Welsh here and…
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New to the Student MoneySaving board? Start here
👩🎓 Some Forum threads you may find useful: * The great student discount hunt * ‘Should I repay my post-2012 student loan?’ discussion * 38 and going to Uni! * Old Style recipe index * The cleaning recipe index Seen any more good student threads on the Forum? Let us know! 💬 🎓 More relevant student content from…
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Student loan overseas thresholds
Hi, I am rather confused by apparent changes to the thresholds for repayment for Overseas Repayment Schedule for individuals on Plan 2. I was contacted by the Student Loans Company (SLC) saying there would be changes (increase) to my repayments, this was confusing given that my income had not changed and based on the…
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Outrageous Postgraduate Loan Repayment Threshold - £21k (under minimum wage)
Hi, I was just wondering if there are any campaigns by the NUS or any other pressure group regarding the ridiculously low repayment threshold of Postgraduate student loans which is set at just £21k pa (from April 2024 min wage is £23,795 pa based on 40 hr week or £22,308 pa on a 37.5 hr week). I thought the whole idea of…
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30 year limit on repaying Student Loan Type 2
I'm considering fully repaying my type 2 student loan now. It seems all calculations are essentially based around whether or not I would be likely to pay it off in full before the 30 year point when the debt would be wiped. As the goal posts on the terms of the 'contract' have been changed already, is it possible (legally)…
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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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Gadget insurance or home insurance
Good Morning, my son is at Uni and we are wonder whether it is better to insure his many costly electronic devices on a separate policy. Our house insurance does cover these but if we made a claim it would affect our premium. Is it more cost effective to pay for separate insurance or take the hit on our house insurance…
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Paid off plan 2, still not showing as cleared
Hi :) I had 2 student loans- plan 1 and plan 2. Plan 2 was paid off, and I continue to pay plan 1. My problem is, plan 2 is still showing on my online account and repayments continue to go to it, leading to a credit balance. I have spoken to slc and explained and they've said it all balances out and my plan 2 payments are…
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Repaying Type 1 and type 4 loans
Hello, I have student loan debt on both type 1 and Type 4 loans, coming from degrees while I was studying in England and latterly Scotland. I've been paying back since 2018 (less than the interest accrued each month of course). My questions is, how does repayment work when you have multiple types of student loan to repay?…
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Update: Withdrawn from uni, can't get out of tenancy
My son is withdrawing from his university course in Newcastle due to his mental health having been really bad in his first year. He had already booked his accommodation for the second year in a private halls of residence, not uni owned. He can't get out of the tenancy and the halls staff have told him to find a new tenant…
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Why is it not logical to pay off just the interest on your student loan?
Bear with me for a minute I get the logic about not particularly worrying about the loan amount or interest, and that for older plans the loans may be written off, but for new students doesn't it make sense to pay off the interest each year (obviously if it's affordable) I haven't fully done the maths (ok I haven't…
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Repaying Student Loans 2009/10 guide discussion
This thread is specifically to discuss the content of the guide: Repaying Student Loans To discuss or ask a question about the guide: click reply
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Should I pay off my (plan 2) student loan?
I graduated in 2018 and have been working since. My loan started at £36k and is now £51k. I earn roughly £100k/year at present. I have three options I can think of. 1) Pay it off in full. My worry is the plan 2 loan is getting a lot of attention recently for how criminal it is, if I paid it off and then the government…
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Student Loan Overpayment
Hi! This is the discussion thread for the Student Loan Overpayment guide. Click reply below to discuss. If you haven’t already, join the forum to reply. Thanks folks,
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MSE Student Loan Calculator - assumptions?
Hi, I've been using the calculator to assess my son's situation. I find that as I increase the assumed salary growth % I reach a point where the "when will the loan be cleared" box reduces below the 30 year limit (Plan 2). I guess this means the calculator assumes some level of increased payment above the standard 9% is…
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Would you pay off your student loan if you were in my position?
I am fortunate enough to have parents who have had a bit of a windfall recently and have offered to use some of it to help me out financially with something. They asked me what I would benefit from the most - I already have a house and am not planning to get married anytime soon, so the first thing that came to my mind was…
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Ambiguity in repayment rules for borrowers with both Plan 2 and Plan 5 student loans
I’m want to highlight what appears to be ambiguity in official guidance regarding student loan repayments for borrowers who hold both Plan 2 and Plan 5 loans. Government guidance states that borrowers with multiple plan types repay 9% of income above the lowest threshold, but it is unclear how repayments are allocated…
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Student Loans: Household income, SIPP contributions, and CYI = Madness...
Our daughter started university this year, and only received about half the maintenance loan, based on our household income from two years ago (23/24 tax year). If household income drops by at least 15%, then you can request that the loan level be re-evaluated based on the current year's income, using a 'CYI' (Current Year…
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How do you stay productive during long study sessions?
Hi! Sometimes I lose focus quickly when studying. Do you have any simple techniques that help you stay concentrated for longer? Pomodoro, apps, routines — anything is helpful.
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Where do you find the best deals for electronics in the UK?
Hello! I’m looking for a laptop and noticed big price differences online. Which websites usually offer the best deals for tech products?
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Your best budget travel hacks as a student?
Hello! I’m trying to plan a few low-budget trips and would love to learn from others. What are your top money-saving travel hacks as a student? Anything from accommodation to transport to food is helpful!
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Repayment Threshold 2026/27
With RPI for March in at 3.2%, from 6 April 2026 the repayment threshold for • plan 1 loans will rise to £26,900 (26,065 x 1.032 rounded up) • plan 2 loans will rise to £29,385 (28,470 x 1.032 rounded up) • plan 4 loans will rise to £33,795 (32,745 x 1.032 rounded up). The postgraduate (plan 3) threshold remains frozen at…
