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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…
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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)…
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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…
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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…
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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!
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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 ?
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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 loan repayments for Bank/extra shifts
Hello, I work in the NHS and have a plan 2 and postgraduate loan. I earn over the threshold and pay the correct amount in my monthly salary. I have been doing an odd bank shift where I earn a weekly amount that is below (or close to) the weekly repayment threshold. I have been repaying more student loan/postgraduate loan…
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Student loan write-off permanently unfit for work
Hi I understand that I can get my student loan written off because I have been assessed as permanently unfit for work (currently going through ill-health retirement and I have the paperwork). *if* my health is stable enough I would really like to do a part-time masters online from home in the future. If I get my loan…
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Student discounts ??
Recently enrolled and studying at the college ? Does anyone know any decent places to get stuwent discounts ? Grocery shops Gym supplements etc ?
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New Student Loan Changes for September 2023
I thought I saw a nice table that expressed the differences between the old and new student loan schemes eg 40 yr v 30yr pay back, but I can’t find it. Anyone have it please? Am I correct that the new rules come in from September 2023? Is there information on this website about the new rules? I could only find the existing…
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Student Finance Maintenance Loan
Hi, just looking a some advise if possible. My daughter is presently in her first year of Uni and to gain the maintenance loan we had to provide details of our household in come last April (2022) as it had reduced from the previous year more than 15%, however the estimation used is now incorrect as I got some additional…
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Maintenance element
Looking for some guidance please We live in Wales, and my daughter is in her first year of university. Won’t bore you with the details but she’s considering commuting in year 2. So she won’t need to spend all of the maintenance loan as she’ll have no accommodation to pay for. Do we still take the money and save it? Do we…
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Student Maintenance Grant SMG , Parental income level
Does anyone know if there are any plan to raise the £25,000 parental income base level for the start of making contributions towards SMG? Obviously as inflation cuts in every year the current level gets effectively lower every year!
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Couple of Qs re: University strikes
1. Do we know the dates that University lecturers will be on strike. I've just read that it'll be 18 days in Feb and March, but not seen any announcement as to which dates which I thought was meant to have happened by now. 2. 18 days is a lot. Can students claim compensation for missed tuition (which ultimately they will…
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Repay.....Plan 2 Loans going to 7.5% APR from 1st March 2023?
Is this the case? I have £10k left to pay and pay around £180 a month. If I make a payment of 5k online this weekend, can I ring them on Monday and switch to Direct Debit or is £5k still too much left for me to switch to DD. I am ultimately going to pay it off in the next 6-9 months with overpayments I feel....
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Repay Plan 1 loan early?
Hello, everyone! Another student loan question here. I have a Plan 1 student loan, of which I have around £1800 left to pay. I'm paying it off at around £300ish a month on a salary of around £60K. I am obviously getting quite close to clearing the balance now and am wondering whether it might be worth paying the remaining…
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Student Loan repayments
Hi I may be one of the lucky ones who is likely to pay off their student loan (Plan 2) before the 30 years expires, however I have noticed something unfair and have tried to flag this to Mr Lewis himself, with no success so far. So, here it goes: I started repaying my student loan in 2014. My student loan balance accrues…
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Government plans increase maintenance loans by just 2.8% - what you need to know
Struggling students have been “dealt a blow” as loans to help with living costs will fall far short of rising inflation, based on Government plans. From September, English students will see a real term cut to maintenance loans of 8p in the £1 - a shortfall students or parents will have to make up for themselves... Read the…
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Student Loan Plan 2 £9k left to pay off…0% Card for 12 Months
Hi, Currently earn to always get the maximum interest on the loan applied. Is it worth paying it off, I am thinking it will save me any deductions from my salary (circa £180 a month) and save me interest too. How can I use my 0% card to do this…Tesco…I will then just forward overpayments to this instead…is there a card I…
