-
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…
-
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.
-
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…
-
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'…
-
erudio stopped sending emails
Heloo. I hope someone can advise me about this situation. I have some of the old style mortgage type loans from 1997-2000 that I have deferred successfully every year since then (except 1year when i was rich). Usually they send an email to remind me about the deferment window when it comes around. This year they did not.…
-
Repayment Threshold 2025/26
With RPI for March in at 4.3%, from 6 April 2025 the repayment threshold for • plan 1 loans will rise to £26,065 (24,990 x 1.043 rounded up) • plan 2 loans will rise to £28,470 (27,295 x 1.043 rounded up) • plan 4 loans will rise to £32,745 (31,395 x 1.043 rounded up) The following repayment thresholds are currently frozen…
-
Repayment Threshold 27/28 and Interest Rates 26/27
With RPI for March in at 4.1% the repayment thresholds applicable from 6th April 2027 and interest rates applicable from 1st September 2026 will be as shown in the following tables. Thresholds Plan Threshold 1 £28,005 (up 4.1%) 2 £29,385 (frozen at Budget 2025) 3 £21,000 (subject to review) 4 £35,185 (up 4.1%) 5 £26,025…
-
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…
-
Student Account - rejected without Uni code
My daughter (18) has just started a 2 year course at a College (it is also a uni, but her 2 year course isn't a degree). The Student bank accounts seem to want UCAS codes. Does this mean she isn't eligible for a student account. Seems a bit discriminatory that she lives away from home and has all the expenses and banking…
-
Repayment Threshold 2021/22
With RPI for March in at 2.6%, the repayment threshold for plan 1 loans will rise to £19,895 from 6 April 2021 (19,390 x 1.026 rounded up). The repayment threshold for plan 2 loans will rise by 2.7% (annual average earnings increase for January - March) to £27,295 from 6 April 2021. The postgraduate loan threshold remains…
-
MSE News: Martin warns pledge to provide clear student loan info will NOT fix the 'Plan 2' crisis
MoneySavingExpert.com (MSE) founder Martin Lewis has said the Government's new pledge to give prospective university students clearer information about loan terms – including the fact that they can change in future – doesn't fix the current 'Plan 2' crisis. Martin welcomed the "small crumbs" of progress but said that…
-
MSE News: 20,000 weekend students to repay living loans as normal after Government reprieve
Around 22,000 weekend students will now be able to pay back living loans under their original terms, as the Government has U-turned on a decision to demand repayment sooner. However, affected students will likely still need to repay grants received and change courses if they need support going forward. Here's the latest……
-
Plan 5 - government statistics now show 65% will repay in full
Yesterday the government issued a paper on the new student loans (Plan 5). One key statistic is that 65% are expected to repay the loan in full. https://explore-education-statistics.service.gov.uk/find-statistics/student-loan-forecasts-for-england
-
Supporting students and apprentices at the same time
I have 2 children one daughter in their second year of University and one son in their second year of an apprenticeship. As my son is not classed as a dependent even though I am still having to support him financially although not fully. My daughter's student lone is deducted in line with my earnings as I have no…
-
Obvious question but can’t find an answer!! Help please!
I went to uni 2000-2003 (am now 42). I had a student loan the whole time. It was paid off many years ago. I have no idea if I ever overpaid and have had many different jobs in the last 21 years. Like PPI and car commison etc can I just call up the student loan company on the number given and just give my student loan…
-
Exemption of Student Loan for Chemistry Teacher
my daughter earned £23,000 as a Chemistry teacher last year but does not need to pay any loan repayments even if she reached the threshold as they currently have an exemption. She also earned £23,000 as a self employed tutor which they have charged her student loan repayment on £18,000 of it. Surely if Chemistry teachers…
-
Student Loan refund
Thanks to the heads up a few months ago my son received a £400 refund yesterday.
-
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…
-
Student loan overseas repayment
Hi, unique situation that I feel SLC on the phone may have given me the wrong information about. I have a plan 2 loan from an undergrad degree graduating in 2016. This means I should pay 9% of what I earn over the repayment threshold of approx. £27k a year. I believe this is an annual threshold, not a monthly one, but…
-
MSE News: 'Lifelong loans' to launch in 2025 for those in England wanting to study later in life
People in England aged up to 60 who want to study, train or retrain will be able to access flexible student finance to help them do so from 2025, the Government has confirmed today. The new higher education loan scheme, dubbed the 'lifelong loan entitlement', will be worth the equivalent of four years of post-18 education.…
-
Government plans increase maintenance loans by just 2.8% - what you need to know
Struggling students have been “dealt a blow” as loans to help with living costs will fall far short of rising inflation, based on Government plans. From September, English students will see a real term cut to maintenance loans of 8p in the £1 - a shortfall students or parents will have to make up for themselves... Read the…
-
Student Loan repayments
Hi I may be one of the lucky ones who is likely to pay off their student loan (Plan 2) before the 30 years expires, however I have noticed something unfair and have tried to flag this to Mr Lewis himself, with no success so far. So, here it goes: I started repaying my student loan in 2014. My student loan balance accrues…
-
To pay for PGCE upfront or get a loan?
Hi all, I’m due to start a PGCE course next September and it’s not in a subject that receives funding so I’ll be paying £9250 for it. I’m 22 and have previously taken out standard government funding for 3 years of undergrad + maintenance loan. My parents have proposed that they pay for the PGCE course upfront for me (there…
-
Repayment Threshold 2023/24
With RPI for March in at 9%, the repayment threshold for plan 1 loans will rise to £22,015 from 6 April 2023 (20,195 x 1.09 rounded up). The repayment threshold for plan 2 loans is frozen at £27,295 until 6 April 2025. The postgraduate loan (plan 3) threshold is subject to annual review but in the absence of any…
