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Pre1998 loan (Scotland)
I have 3 loans, taken out in 1996, 1997 and 1998 (in Scotland, though I am not sure that matters pre 1998) My understanding is that these should be written off 25 years after the first payment date of my last loan, or when I turn 50, whichever is sooner. My repayments are currently deferred until 19th October (I have…
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UK student started uni Sep22, applying for loan 2023
Our son started uni Sep2022, and we paid his full living allowance for 1 year. He is applying for a student loan this year and next. Will he be on plan 2, or the new plan 5? We are UK citizens living in UK. Thanks
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Unihomes Gas & Electric
Hi all, My son is moving into a shared house for 2 years next month, and the previous students had used Unihomes for the Gas / Electric / Broadband etc .. I’ve done a quick quote on their website, but their quoted monthly repayment seems very high. Can he change to another provider ? I’m guessing he’ll need the MPAN number…
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Should I repay my student loan in full?
I keep seeing advice you shouldn’t repay your UK student loan, “the money is better put to use elsewhere” certainly doesn’t feel like it at the moment! I’m on Plan 1 and have £12500 remaining on my loan, I have a fairly decent salary and repay £~550 a month or about ~£6000 a year, more if we get a big bonus. Via PAYE I…
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Triple plan repayment?? repayments on plan 2, PG, AND plan 5??
Hi all! A conundrum.. can't seem to find any info on it online. I did my undergraduate under a plan 2 loan. Will never repay in full, its sat at ~£60k. I've just finished a masters, PG loan currently at £9250, have been making voluntary repayments as have plenty in savings and anticipate to repay before it wipes even on a…
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Guide discussion: Student Loans in Wales
This is the place to discuss our guide on 'Student Loans: Wales'. 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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Gross or net salary used to calculate parental contribution to student maintenance costs?
If both parents are considered ‘high earners’ around £50-60k basic pay. What figures are taken into account for determining the parental contribution? Eg I also make AVC’s into my DC pension scheme. But overtime and bonuses can be variable. And could I for example pay more AVC into pension/or work less overtime (accrue…
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student loan coming to an end
My student loan should be paid off in 3 months time. I currently pay £260 per month as per my wage slip. Does this mean i will receive an extra 260 in my take home pay or will it be less due to tax?
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Support with student childcare
Hi, Me and my partner are both 23. My partner is starting her midwifery degree in September. We live together and have an 18 month old together who will be starting nursery at the same time. As a young couple the cost of nursery is causing a bit of stress. We are unable to utilise tax free childcare as she will not be…
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How much to top up?
Hi, DS1 is going to uni in sept. We have just paid the deposit for first year halls (It has to be these halls and anyway there wasnt really anything much cheaper )cost is £8228 for the year (44week contract) The maintenace loan is £9200 ~ however my son will only qualify for the lowest amount. Our top up will need to be…
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Data breach
Was contacted by SLC Student Finance England, following application for daughters SL ( this is third child so felt I knew what I was doing) to say I had attached a form incorrectly to my daughters account, which I don't have access to.Checked my own account stated all forms recieved and application complete. Contacted SLC…
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Is this a sensible way to pay off SL early using a credit card?
I have around 5K left to pay and i am aiming to pay it off in 1.5 years, with the interest rates going up this will amount to around £300-400 in interest i think. Is it sensible to pay off with a credit card, and then get another credit card to do a balance transfer for 2 years at 0% Seems too simple, is there a downside…
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Student Loan
If I’ve paid some of my student loan off when I didn’t need to - can i claim those payments back?
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Student loan to be paid off next month
Hi, So from my calculations I now owe about £650 left of my 20k student loan (wooo!!). I currently pay off this amount each month and thus next month after deductions my student loan will be full paid off. Now I am wanting to make sure I don't end up paying in subsequent months and having to reclaim at a later date. Please…
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Second loan - does write-off date get reset?
I graduated in 2009 and have a student loan from that time. I'm now thinking about going back to university and getting a postgraduate loan. If I take this PG loan, will the date that my original UG loan gets written off be changed in accordance with my new loan, or will it remain and the PG loan will have a different…
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Should I pay off my student loan early?
Hi All, I currently have about 2 years left on a plan 1 student loan, and that's assuming that the interest rate climbs to 6.5% (base rate + 1%) and never comes back down. In November my current low fixed rate mortgage ends, and i'll be moving onto a much higher rate (c.5%), potentially costing about £400 per month more…
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Can anybody figure out how they have calculated my monthly student loan repayment amounts?
I have an ancient mortgage style pre-1998 student loan, I've been deferring it for ages but this year I've reached the repayment threshold, which is fair enough. The problem is I know the term (60 months), the balance as of 31st August 2022 (£1675.71) and the interest rate for 2023 (9%) but my monthly repayment amount…
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Historical maintenance loan amounts
I'm curious to know what the maximum amounts for maintenance loans were when I was at university (2005-9) and I was wondering if historical figures are publicly available?
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Masters Loan For Studying In UK or Overseas
Hi guys, this is my first post so be gentle, I'm considering applying for a Masters in Screenwriting at some point this year. I've found numerous courses that have struck my eye, mostly in the UK, but one that really appeals though is in San Francisco at the Academy of Arts Univesity. I have reached out for information but…
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Old loan and new loan
My daughter graduated in June 2022. She’s now thinking about applying for PGCE. I understand this is the only postgrad course which is funded as an undergrad course. So she would have three years of the old style 30 year repayment loan and one year of the 40 year loan. I’ve tried to look at how the repayments would be…