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Student MoneySaving

Discuss tuition fees, student loans and grants here - and share MoneySaving deals, tips and tricks to help you spend less at university.

Pay off student loan early???
Hi, My partner still has a student loan (Scotland) and is paying back monthly as per usual process. However, they charge quite a bit of interest on the loan, used to be 4.5% but now I think they said it went up to 5%. Our idea was now to pay off in full so instead of having to make monthly contributions the money can go…
Student Loan Direct Debit
After an overpayment my student loan is now (by my rough calculation) down to approximately 20 months left. I understand once it gets to 23 months or below there is the option to switch to DD. Do I need to wait to be contacted or will they do this over the phone now if I call them? If I need to wait for them to get in…
Refund back to loan balances or refund to my account?
Hi everyone. I recently realised I've been paying repayments occasionally despite being under the threshold. I contacted SLC via Twitter and they've come back to me with the wrong calculations on what I've overpaid and also they stated the following 'I would advise if you request a refund for these amounts, the amounts…
Student Finance Wales - Applying to use Current Year Income
Daughter is at University receiving an appropriate grant/Loan based on the Household Income we submitted. Wife is planning to retire in next year or two, and having unexpectedly realised some funds, has decided to put these funds into her personal pension this year and next year. We were reminded by friends that this…
Student fee refunds due to covid
Hi all, I have read several websites and it seems unclear if or how to make a claim for fees paid during COVID restrictions. If anyone has any information on if it is possible and if so, how to do so, I would be very grateful.
Student Loan Plan 5 Calculator
Can anyone advise me where I can get a calculator please to understand how much likely to repay back on a student loan for a student starting in September 2023. I know it will be plan 5 and repaid when earning over 25k and is now over 40 years but cannot find this scenario anywhere online. All seem to be over 30 years…
Student Loans Company Online Accounts
Just tried to create an online account to provide supporting finance details for my daughters loan application and discovered a loan I took out 30 years ago, and paid off more than 20 years ago, is blocking me from getting online access. After calling the help line who couldn't help other than to say my original paper…
Student loan: started Uni Sept 2022, then withdrew. Starting at new Uni Sept 2023. Plan 5 or Plan 2?
I started an undergraduate course in September 2022 with a Student loan (Plan 2). I did not like the course and I withdrew from my studies in December. Now I've got an offer from another University to start a full-time undergraduate degree in September 2023. When I apply for a Student loan for these studies would I be put…
Student Loan - Plan 1
What is the reason for plan 1 to be spilt into two rules - one for those who went to uni before 2005 and one for those who went after? Going through the details I can now see that my loan won't get cancelled until I am 65 - that is 44 years after I graduated (I don't earn enough to pay it off any sooner) but the threshold…
Student loan repayment
I have a question on what is classed as income for repayment. I have loans starting 1996 with the last one in 1999. My income from my job does not meet the threshold to repay. I am a single parent and receive UC, child maintenance and child benefit. All those combined take me over by approx £30 a month. I don’t believe…
Repaying Student Loans 2009/10 guide discussion
This thread is specifically to discuss the content of the guide: Repaying Student Loans To discuss or ask a question about the guide: click reply
Paid off my plan 2 loan up to £3k left
I have reduced my balance from 9k to 3k to be able to move onto paying by direct debit. The interest is currently 6.5% due to move to 7.2/5% I believe. I am paying £150 per month for 24 months approx. How do the student loans company know my salary and what % interest to charge me over these 24 months - especially if I am…
ADVICE NEEDED: Pre 1998 student loan
I understand the rules regarding student loans being written off --- 1990 – 1997 (If aged under 40) (1) Earlier of 25 years after your first payment of your last loan agreement (usually the start of your final year), or when you reach age 50 --- but am unsure with regards to any defaults on that loan. I defaulted on my…
Old Mortgage style loans
I have three student loans dating from 97, 98 and 99. I took these out for the same course from the Student loans Company (now sold to Erudio). I was always under the impression that these were mortgage style loans and that the debt is wiped after 25 years. I have been able to defer until now as I havent earned above the…
Student loan ballooned, because SLC never registered my contributions. Demands proof from my jobs
Hello! I'm having some issues proving to SLC that I've been making student loan contributions, and I was wondering if anyone else has encountered this issue. Here's a timeline of events: * I was in higher education from September 2013 to September 2016 * October 2016 I start my first job (starting salary £29,000 per annum)…
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…
Open University experiences?
Last post about the OU on search was in 2016 so think that's long enough for a new one as things move on. I'm looking at doing an MSc, it would need to be part time, in my own time and by distance learning as I have a full time job, which living alone and with no alternate sources of income I need to keep. What I'm…
Are student loan rates going up this month?
I read an article that said the rates were capped until the end of this month. Does anyone know how much they are going up? There are so many rates, changes, caps and plans and I can't seem to find it on the MSE website. I'm on plan 1. Thanks for your help!
Parental contribution to Student living costs
Is the calculator thing accurate and do the student grants actually pay enough for rent and food? Seems to me that despite us saving for the last 2 years we wont be able to do much but pay half the student rent ! Do we try and recommend our Son lives at home so we can pay for everything together ?
How much are parents contributing
Hello, My son is going to uni in a few weeks and wondered how much other parents are considering contributing to living expenses? He is taking out the maximum loan of about £6k and will have £1k left after accommodation. Online search’s seem to say I should put in about £6k but that seems high to me as all his…

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Student MoneySaving

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