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Mature Student Funding
Hi, I am looking for advice on how to fund?borrow for a 3 year diploma course as a mature student. It is not a uni degree and therefore I don't think I can get finance from student finance that way? Any ideas, or anyone done something similar? Many thanks
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Student Loan query
So, I'm reaching the very end of my student loan payments (finally!). However, I'm incurring interest of almost 6.5%. I've managed to get an interest free credit card which would mean I can pay off the balance of my loan, halve my month payments and still pay it off in under the next 12 months incurring no additional…
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Should I self fund or get student loan for full amount
I'm due to start a doctorate in September 2024. Currently work full-time and plan is to continue alongside. The course cost is just over 10k. My original plan was to use the student loan option to pay for the entire course, however by the end of the year I should have £4000 in savings. My original thoughts were to keep…
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Student Loan Overpayment
Due to an SLC mistake I was overpaid on my final maintenance loan. By the time they notified me and asked for the money back it was gone and I had no capacity to repay it. Eventually I was contacted by a debt collection agency which spooked me enough to arrange a Debt Management Plan through StepChange and start to (very…
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Maintenance grant change in circumstances
The Government websites are fairly clear if income drops but not if it increases. If a student with divorced parents, if the current sponsoring household move in with a new partner so the income changes in future tax years, at what point do you notify the changes when it’s based on previous tax years income? The previous…
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Daughter's Student Loan Application Taxable Income Query
I will be completing my daughter's student loan app soon and I have a query. Would interest from my savings need to be declared as taxable income even though I did not have to pay tax on it as it did not reach the threshold. Also I had a small part time job which did not reach the tax threshold so would that income need to…
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Overseas student loan threshold
Hi, my son is on Plan 2 and currently lives and works in France. Despite earning only approximately £23.5k and being below the current threshold for France of £27,295 he has received a letter from SLC stating that for 2024-5 he will be paying £34 P/m. Although not a big sum he has queried this with SLC who told him that…
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Student Loan Arrears Accrued
I recently moved abroad for work commitment, and the student loan company increased my repayment schedule since I moved. I called them to discuss that I cannot afford to pay the increased amount, and after assessing my situation we agreed to £80-100/month regularly without missing payment. They said you will have to pay…
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Has my student loan been accruing the right amount of interest?
I was reading the arcticle on MSE which talks about the interest applied to a Plan 2 student loan (new account so I can't provide a link). It says that, from the April after graduation, the interest your loan accrues is calculated based on your salary. If you earn less than the Plan 2 threshold, your interest is RPI. It…
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Microsoft Office subscription
Hi, I'm a mum of a undergraduate Uni student. My annual MS Office subscription came out of my account today. On doing a bit of searching, I found out that if an account is set up using my son's Uni email address, he can get it for free. He has an Apple laptop. My question is, will it still work on his laptop (there is…
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Student loans all plan 1 when will they be cancelled?
Hi all, I am getting confused over when my student loans all plan 1 will be cancelled. my first degree I started in 2003 and did not complete so finished in 2005 which pre 2006 payments are until age 65. my 2nd degree attempt was 2007-2009 which is 25 years following start of repayment. my 3rd degree which I completed was…
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Travel Grant
Quick question wrt the travel grant. Any Travel Grant they can get will be reduced by £1 for each £8.73 of household income over £39,796.They must pay the first £303 of their travel costs themselves. If the income is £65k and 2 return flights are £2k total, will there be anything to claim? It's early and i haven't had a…
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Student Loan - earning 60k+
I have read and watched Martins info on paying back student loans, however, I cannot find anywhere where he gives a wage you reach where you should really start paying it back as quickly as you can. Any knowledge here would be appreciated.
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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…
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How and how much financial support to give our children through university and beyond
Good morning everyone This is the beginning of year 2024. I am not sure how many parents out there in the forum that are battling through cost of living crisis whilst working out how and how much to help our children through university and beyond. I am a single earner of the family. My son is going to university from this…
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Open University and student loan
Hi I am considering taking a history degree as I am interested in history. I had thought about doing this a couple years ago but never took the plunge. I currently work in admin in the NHS and wanted a back up in case things change in the future but also because I am interested in learning. I have done a few vision2learn…
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Student loan repayment while abroad
Hi all, my daughter has taken a working holiday down under and advised SLC of her absence. She finished Uni in 2022. They have written to her here asking for proof of wages while there and are talking about setting up repayments at the country she's now in. Is this legit? What she earns in a foreign country should not have…
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doing a degree over 60
How much would a person over 60 get in student loan/maintenance grant if they did a degree course?
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Plan 2 paid off...payments reallocated to plan 1
Hi everyone I have 2 student loans: plan 1, plan 2. Plan 2 was paid off sometime last year, but on monitoring it online I can see my salary payments are still going to it, and the payment is then reallocated to plan 1, of which £13700 is remaining. My plan 2 loan continues to have a few pence Owed and thus I'm accumulating…
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Student Loan Query
To anyone who can help, I have two questions regarding student loans: I went to university for one academic year (2006/07) and was always told my student loan would get written off after 25 years. However, the Student Loans Company (SLC) recently told me that because I was granted my student loan in June 2006 (prior to the…
