-
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....
-
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…
-
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…
-
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…
-
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…
-
Maintenance Loan and London
Couple of questions regarding above. If you study in London I found the highest you can get is 12,667 .Did any manage to rent a studio flat on his own while studying full time and cover everything from it? According to my calculation to survive you would need to find a flat for about 700 a month (everything inclusive). Are…
-
If Martin says there is no reason to overpay student loans, what's the big deal with increased rates
Whether 12% or 5%? what's the big deal....
-
Hypothetical student loan scenario
This is my first post here so let me know if there's anything I've done wrong or any conventions I need to follow pls This is a purely hypothetical scenario that I'm just curious about - as a current student I'd love to be in this position right now If my parents were earning enough in stable jobs to be able to pay my…
-
Student loan company chasing me 10 years later?
Hello, Hope someone can help me out, I went on a uni course back in 2013, it wasn’t for me, after around 6 lessons across 4 weeks, and I withdrew from the couse. Knowing I had incurred couse fees and a grant fee I thought nothing much more of it and knew “It will be paid back once I start earning enough”. So in around…
-
SL Repayments via Self Assessment
Hi all, I've been paying my student loan for years via PAYE, but have done some additional consultancy so had to fill out a tax return and make a payment via self assessment. I paid of my balance about three weeks ago. It's showing as paid in my Government Gateway account, but the student loan element hasn't yet been…
-
Has anyone studied HE with learndirect
I’m thinking of doing Higher education access course in computer science online. I really appreciate if anyone has done any courses with them or they have finished their HE course and tell me how it went.
-
Should I pay off my student loan?
Can someone math this better than me? I will have to pay off my student loan, I earn enough and there isn't much left to regardless at some point I will pay it all it won't be written off. My balance is £4,609.02 I currently pay £124 PAYE + £60DD Interest on my student loan has now increased to 3.25%. All of my savings are…
-
please delete thread
please delete thread
-
Court: Give defendant more time?
Hello, I have brought a complaint against my former University for aspects of course provision and a poorly complaint's system when seeking to retrain, and sought a return of my tuition fees. This has dragged on since November 2019, and I've filed a claim. The University legal representative did not try to engage with the…
-
Student Loan Settlement Figure
Hi, I've been repaying my 'Plan 1' student loan since I started earning over the threshold in 2010 (I graduated in 2006). My current balance is £5,437.53 with monthly repayments of £81 being deducted from my salary. The current interest rate is 3.25% and as it's creeping up at the moment, I've been thinking ahead and…
-
Erudio partial settlement
Good morning! I have received another of those partial settlement letters and I am considering paying because I am very close to the threshold and if I do get a pay rise next year then I will be over the threshold (but I may not get a pay rise!). My question is - in the letter it says, in the FAQ section that they will not…
-
Paying off part/all of plan 1 and plan 2 student loans?
Hi I’ve searched the forum and can’t work out my own situation based upon posts of others so am hoping someone can help, I’m really struggling with the maths. I would like to know if it’s worth paying off either or both of my student loans now. But I cannot work out if I will naturally pay off either loan before being…
-
Student/graduate bank loan
HelloI am enquiring on behalf of a family member who is unable to get anywhere with this. He has had a Student Loan account with NatWest since 2017 and has now paid over £3.5K in interest, but has still not paid off the loan and doesn't have the ability to. Having never been a student I don't get this, but surely he…
-
Maintenance Loans
Do ‘pension commencement lump sums’ count as household income as far as student finance are concerned when applying for student maintenance loans ?
-
Refund on college fees
Hi all, I've got an ongoing complaint with the OIA regarding a university centre course I completed earlier this year, and I'm now being told there is the possibility of a settlement which could include a refund of the course fees. As I took out a student loan these fees would go back to the loan company which is great…
