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Studied between 2006 and 2009. Does the loan get written off?
I have a loan which I have partially paid back and continue to do so. Will this be written off at any point in the near future if I don't pay it off completely by a certain date?
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Student loans and parents income
I was wondering if anyone was able to help or is in the same situation. My son is off to university in September and has applied for his Student Loan. Both my husband and I receive income from property so have declared that income as part of the application. However due to residential finance costs our income is actually…
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Parental contributions - how are they viewed by HMRC?
This year, my daughter is not going to get the full maintenance loan because of our household income - she is going to be eligible for the minimum loan. We are lucky enough to be able to make up the difference but is this to be viewed as a gift? An interest-free loan? I don't really understand how the government expects…
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Old Student loan(s) question(s)
I saw a post on a student loan topic where it was mentioned regarding old style loans in the context of write off dates: "It's not that simple. Depending upon the loan type, the year you took it and your age when taken, whether you took a gap year etc. The answers to those questions can change the write off dates which…
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Student Finance - repayment of Graduate Medicine Loan
I'm finding it very difficult to find the answer to this question - if I have a student finance loan for my undergraduate degree, and I get student finance for a "graduate medicine" degree, then what will my repayments be? 1) will it be 9% of my salary above £27,295, because both are Plan 2 student loans? or 2) will it be…
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SLC refuses to refund my overpayments - are they right?
I am on plan 1 loan. Midway through 21/22 tax year I started a job, and student loan was collected automatically through PAYE - £694 in total. In that tax year, I made £19353, and the threshold was £19895. However, I also made £3440 from self-employment. I therefore made a total of £22793, minus £19895 that gives us £2898,…
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Repayment Threshold 2024/25
With RPI for March in at 13.5%, from 6 April 2024 the repayment threshold for • plan 1 loans will rise to £24,990 (22,015 x 1.135 rounded up) • plan 4 loans will rise to £31,395 (27,660 x 1.135 rounded up) The following repayment thresholds are currently frozen • plan 2 loans at £27,295 until 6 April 2025 • postgraduate…
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Deferring student loan – income from joint savings account
Hi there, I have the old style student loans, now manage by Erudio, for my course started back in 1997. I have deferred repayments every year since. This year we sold our house and moved cities, now temporarily renting before buying a new house. The money from our house (well, our shared ownership flat, specifically) is in…
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Erudio Student Loan status - pre 1998
Hi. Hoping to find either some advice or a reliable impartial source of advice regarding my student loans. From other posts on here I am hesitant to contact Erudio directly until I know the facts for myself! I have 3 loans - 1996, 1997 and 1998. I had never reached the salary threshold for earnings to have to make…
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Means Testing for student maintenance loan
Hi, I know that the maintenance loan is means tested on family income, and I know that it is based on pre-tax income too. But what I cannot find is how the self employed are means tested, is it on turnover or profit. Also - re-rental payments. Is it based on the income received before expenses are deducted or after EG:…
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Parent contribution to student fees
Hello, I’m looking for advice please - my son may go to uni sept ‘26. I’m looking at a car lease scheme through work where I’d pay through salary sacrifice. When I submit my salary details for parent contribution to student loans etc will I use my gross salary before or after the car lease payment ? Thanks in advance
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REPAYING STUDENT LOAN FROM ABROAD
My son has lived in the USA for 9 years and has always paid his monthly UK student loan payments. He sometimes struggles to afford them and frequently threatens to stop paying them. I nag him to keep paying! What are the risks if he stops paying?
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Confused about maintenance loan for year 2
My son has been told that his maintenance loan for the second year of his course is £4651 which is £90 less than year one. Does anyone know why this would be? I haven’t been asked to provide any salary details for this year. I thought I had read that maintenance loans weee to rise by about 2 per cent do I am not sure how…
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Student Loan 1999 Plan 1
Hi all I haven't been here in years, hope I am posting in the right place. I took out a £3698 student loan in 1999, 3 payments received between 1999 and 2000. Due to daily interest this was £11,247.22 on 6.4.2003. I have always worked since 2003 for local government and the money has come out of my wage slip accordingly. I…
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Student Finance - current year dropped by 60pc, but never claimed before
Hi All, I have one child currently in second year, another about to start this Autumn. In the past I have been fortunate to have earned above the upper limit for living costs, so have never applied. This tax year just ending I will have earned a lot less (well below the upper limit). I was planning to submit an 'Current…
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Student Loans: Martin's 'Halfway House'
MSE mentioned the ‘halfway house’ option for Plan 5 student loan repayment (ie: take loan, clear in full once future earning potential is established). I’d now like to consider what I refer to as the ‘quarter-way-house‘ and ‘three-quarter-way house’ student loan options for our son starting University in September 2023,…
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Student finance Parental rental income
Hi Our daughter is going into her final year at uni in September. Up till now we have not provided income details to Student finance as our household income was above the threshold for any more than the minimum maintenance loan. However, last year both my husband and I left our jobs and now rely solely on a small rental…
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Helping grandchild with Uni fees
I was intending to give my grandchild (I will have a further grandchild at Uni next year too) £5,000 per year towards University tuition fees. I thought I would pay this directly so avoiding it being seen as a ‘gift’ and so liable to tax if I die within 7 years. I know that the family will have difficulty paying the top up…
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Student loan nearly repaid - self employed
Hoping this is the best board rather than small biz as theres a bit of crossover? I've tried looking on various sections of the gov site but can't seem to find an answer. I've nearly repaid my Plan 1 SL but am now self-employed as a sole trader (since mid 2021) and confused about how this will work because the loan is…
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Student loan - repay?
Hi, I took my student loan out in 2008. I still have just under 10K to repay. I currently live abroad, thus I think I might be paying 9% ? Should I just pay it off, or invest/ keep it in the knowledge that in the future I will return to the UK (within 2 years) and within another few years potentially want a mortgage?…
