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Student loan
I paid odd my student in 2015 or 2016 as I was kept asking to by the student loan company. I took out a personal loan to repay all.od it even though i was not working. Can I reclaim.it all back.as its a very large amount so can have some.peace of mind and pay back the personal loan i didn't have to take out and whats the…
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Student Loan Refund Due?
Hi, Just spoken to the Student Loan Company about a refund. They said they owe me £475 for 2016 when I earnt below the threshold. They said they can put it back in my bank but then I would need to pay it back to them by PAYE, is this correct??? My student loan was paid off in full in 2019 so not sure if this affects…
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Settled Mortgage style loan, when it was due to be written off - any chance of a refund?
Hi, I was offered a settlement fee for my mortgage style loan, with Erudio. I accepted, thinking I may be promoted soon, however, the loan was due to be written off a few months later and I think I would have been better off not paying the settlement fee. Do I stand any chance of a refund, eg due to being misled? Many…
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Plan 1 & Plan 2 loans
Hey! I’ll be the first to admit, I am extremely careful and ‘on the ball’ with all my finances generally. However, the one that I have not been on the ball with, is my student loan! For years now, it just comes out of my wages and although rather annoyingly it is around £140 every month, I tended to just think it is what…
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Paid off in full early
I had a student loan 2012 and graduated in 2014. 2021 I got some unexpected money and I had been working a lot of overtime and was fed up of huge chunks of this money earned going towards my student loan repayments so I phoned up asked how much it would cost to wipe the debt and I paid the balance. Does this mean there is…
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The 1000 club
A friend of mine has told me about this investment club. I googled it and its membership is by recommendation only - that shouldn't be an issue as my friend will nominate me and she'll get a kick back for doing so. And this is where I question what this club's about - kick backs for intro's suggest a form of pyramid…
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Student Loan Overpayment
Hi everyone, This may have been asked/answered before so apologies for that. I currently have a student loan of £64,000 consisting of £52,000 undergraduate and £12,000 postgraduate having graduated in 2016. My loan will therefore be wiped out in 2046. I am in a career whereby I have the potential to be a high earner and…
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Expat Student Loan Issue
Hello, I've recently been sent on expat by my employer to a country in the EU from the UK. During this period my salary is split so I get paid 25% in the UK and 75% in the host country. The problem I am facing is that my employer covers my tax in the host country which is fairly hefty but this is reported on my UK salary…
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Student Loan repaid
My student loan repayment from 2002-2004 was deducted from my pay. In 2021 it stopped, obviously repaid however, I received no notification, no statement or any communication from Student Loan. I could have overpaid, I could have paid less (doubt it), either way, I thought I would have got a statement. Has this happened to…
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SUPER complicated SLC Plan 1 question - I am confused!
Hi all! I did a year of university here in the UK in 2010-11 using student loans, then moved abroad in 2011 to restart a degree in Canada. I’ve just relocated back to the UK as an expat. - 2011-2016: full time student - 2016-2023: working, sporadically. But never above the threshold. Stupidly, the entire time I was living…
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Studying in US - general life Q's
Son MAY have the opportunity to study in the US for a year and i'm trying to think ahead. Mobile phone - he currently has a line on my contract. Can i suspend that line for a year? (EE). His current phone does not have an eSIM, i may get him a phone for Xmas with an eSIM, but what's the best way to get connectivity?…
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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…
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Architecture masters - student loan refund/overpayment, any experience?
Hello, Not sure if anyone has any experience of this. Reading through the student loan refunds, I understand that repayment is due one year after your course is finished. As the architecture master's is considered a single course, does this mean that repayment is due one year after the masters rather than the undergrad?…
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Student loan deduction with backdated pay? Help please.
Hello I am currently on the plan 4 for student loans in Scotland where the threshold is £27,660 however my salary is at the highest amount it has been since I began working for my local authority in March 2018 and that amount is £26460.84 so I have never earned enough to be paying it back yet. In July 2020 I received…
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Wanted: reassurance that a student loan will stay collected as a tax on income
My niece is going to university this coming year. My brother
in law asked me if he should pay the fees up front, using up most of his life
savings, as he was worried that the terms of the loan could be changed such
that assets could be seized to pay off the debt. I am aware I can’t point to a
guarantee that terms won’t…
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student loan refund due?
hello all, after reading martins blog on claiming student loan refunds i thought i would be due a refund myself, but SLC said no. what do you think? so i have a plan 1 loan outstanding. this was a claim for the tax year 22/23. this meant the repayment threshold was £20195. my salary for that year was £30150 paid monthly,…
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Scottish graduate endowment fee
Hi, This fee of £2000 was introduced for those graduating from Scottish uni's in 2005. It was cancelled a year or so later meaning those that started uni in 2001/2002 have paid a very unfair £2000 fee. It has never sat well with me and I was wondering if there was ever any news on this such as if people were able to claim…
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Pay off plan 5 loan ASAP?
Hi, I've searched the forum but can't find this situation discussed. My son is wanting to go to uni, but the huge debt is putting him off. I have explained how they work, and it's like a tax blah blah... We are both trying to work out if it is indeed much better to pay off ASAP with the new plan 5 loans being 40years? He…
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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…
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Does such a thing exist?!?
Hello, I overheard someone talking about a scheme whereby a student at uni can finish off the final year of a degree in an apprenticeship scheme, where they are learning on the job as they are completing their final year. Big companies like GlaxoSmithKline were mentioned so they can mould the students to role within their…
