Student MoneySaving

My daughter is starting 1st year at university in Scotland so I believe her student loan will be on plan 4. She has been lucky enough to receive a scholarship which will more or less cover all her expenses over the next 4 years, she will still take a small amount of loan to make sure she isn’t struggling financially. We…

I am 26 years old and have a Plan 2 student loan. My balance has risen from approximately £29,000 in 2022 to over £32,000 in 2025 despite repayments being deducted through PAYE. According to my statements, interest added each year has exceeded my repayments, causing the balance to grow. My earnings have been around £40,000…

Over 70,000 graduates repaying Plan 2 loans have had either too much or too little interest added to their balances due to recent technical issues, the Student Loans Company (SLC) has confirmed. If you're affected, you WON'T be left out of pocket, and the amount you repay each month – which is based on what you earn, not…

The influential cross-party Treasury Committee of MPs has been seeking evidence on Student Loans. Following 52,000 submissions from the public – plus evidence from student and consumer groups including MoneySavingExpert.com (MSE) – it's just published its conclusions… Read the full story: MPs say 'Government has a moral…

our daughter has just finished her last year of uni. At the beginning of the last financial year my husband was made redundant. He estimated that his income would be £1000 less than he received and I estimated that mine would be about £1000 less too. the total that we did receive as a household was £25,003. The finance…

Hello, My daughter is going to be applying to university this year to attend sept 27. I am trying to support her application for finance etc. My Daughter is a registered young carer and I will continue to support her disabled sibling whist she is at uni- Is there any support for this financially for her? Are their any…

I have a plan 1 student loan, which i thought would be written off next year but have discovered that because i graduated in 2001, it wont write off until i'm 65, which seems particularly harsh/inconsistent with other later plan 1 loans as they end after 25 years and other plans at 30 years. Is there anyway to challenge…

My daughter has a conditional offer to get into uni. At present, it's looking like she may not get the required grade in her main subject to take up her place. What happens with her student loan application if that is the case? Is it cancelled? Do we have to do that or is it automatically done? Would she be able to able to…

Many thanks for looking at this thread. The government will finance me to do my degree by offering me a generous maintenance loan. Unfortunately I am not entitled to tuition fee loans as I have studied before. I am looking for ideas regarding how I can finance the £9,790 rising by 2.68% per annum. I was ill during my first…

Hi, I was looking for advice on the Student Loan. I am a university student starting a work placement in September, being paid above minimum wage with which I will be able to live off. However, I was wondering if I should take out a maintence loan, and use it anyway - to put in my stocks and shares ISA. Ive been adviced…

My young person is completing their undergraduate degree this summer, they have had the minimum loan for three years. They have been accepted on to a masters programme starting in October and here is the quandary. If they take the masters loan it won't fully cover the fees, we are in a position to pay the shortfall plus…

I have a doctoral loan from a course that I left in 2023 with approx £24k remaining. I work in NHS and hope to take partial retirement from Sep 2026 reducing to 2 days a week. Under what circumstances would it make sense to pay off the student loan, or should I just keep making payments? When I fully retirement how will…

I earn £39,000 per year, and my P60 shows I earned £37,050 due to £1,950 going to my workplace pension scheme. I earn a bit of money on the side doing freelance (only about 2-3k), so I do a self assessment. I pay a Plan 4 student loan, which is 9% above the threshold, and that automatically comes out of my payslip every…

I've tried to sign up to OU using two different email addresses. It goes through the signup process, and at the end tells me to sign in. Then complains that my account doesn't exist. If I try a password reset, it confirms that my account doesn't exist. I tried twice using one email address and again with another. Has…

My daughter is starting uni this september 2026. They will look at tax year 2024-2025. My earnings have dropped dramatically after this so I am completing a current tax year income assessment form for 2026-2027 - where I have to guess how much I might earn (self-employed so difficult). Do they look at 2025-2026? Or should…

Hello, I have about £40,000 saved & Im about to start a 4 year university degree. My tuition fees cost in total for the 4 years around £28,000. I estimate my living costs per year will be around £12,000 per year so £48,000 total I am eligible for a student loan and can access a full tuition fee and full independent student…

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…

Just checking, but if you are still a student and/or disabled and unemployable, does a one-off investment income of say £100,000 mean you have to pay SLC on this. I know that you have to pay slc on this if you are unemployed in general as it is classed as capital income, but just checking as my son is still registered as a…

Around 22,000 weekend students in England will lose access to vital financial support to help with living costs after their universities incorrectly classified their courses. The Government has blamed providers for exploiting the rules, but students are bearing the brunt of the mix-up. They're now being told to repay their…

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……