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Plan 2 Student Loan Repayments
A very Baby-Boomer problem. Our daughter, earning £75k pa with an expectation of a 4% annual bonus has a Plan 2 debt of about £45k. We could afford to pay down at least £35k of this and at the same time she would pay down the balance using some of her savings, leaving her debt free and able to top up her pension. We paid…
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How and how much financial support to give our children through university and beyond
Good morning everyone This is the beginning of year 2024. I am not sure how many parents out there in the forum that are battling through cost of living crisis whilst working out how and how much to help our children through university and beyond. I am a single earner of the family. My son is going to university from this…
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Plan 1 - date debt gets written off
Hi, I’m trying to understand when my Plan 1 student loan will be written off to determine if I should try and overpay or leave it as it is. The .GOV and MSE website says: The loans for your course will be written off 25 years after the April you were first due to repay.” Does this mean the April after I first reached the…
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Mortgage Style Loans
I'm in Scotland. I have 5 mortgage style student loans, obtained each year from 1996-2000. The government sold these off, the 96-98 loans to lender1 and the 99-00 to lender2. I am currently making repayments but later this year they should be considered for write off as the last loan will have been issued 25 years…
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student loans previous study rule
hving read through too many student loan threads iv become increasingly worried about my own situation and was wondering if anyone can clarify its regarding the Previous study rule for student loan fees. { 3+1- previous study) when did this rule start? my own situation is that i completed a degree from 1999- 2002 under the…
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Student finance - How much should I be paying?
Hi all, To prefix this: sorry. There's going to be a few numbers in here that may require some further context. Reach out to me if required and I can clarify, but I'll give no personally identifiable info for obvious reasons. Anyway, I'm wondering if I'm paying too much for a Plan 1 pre-2012 Student Finance England loan.…
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Student Loan sizeable deduction from pay statement
I have recently been given a one off payment from work that is taxable, and I have paid an incredible amount of it to student loan. Can you request a refund for a one off payment, as it isn't a true reflection of what you earn?
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Maintenance Loan for 25yr old - questions
We have a “child” living at home who is thinking of going to university for first time this autumn. These are our questions, we’ve read the guidance but it seems very ambiguous by what is referred to as household income. 1) at 25 - even though living at home is the parent’s income disregarded? 1.1) he’ll be 25 on September…
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Parent Savings Interest Towards Student Loan Application
I have searched everywhere for a simple answer, without success - Is parental savings interest included in the household income assessment for student loans? My 2023/2024 household income (which is the one they asked for on the application) consisted of gross salary of £15,638 + rental income of £8400 = £24,038. My…
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Repaying student loans early? Or just clear interest with salary deductions?
So, I currently have about 18k in student loan debt on plan 2, and earning a comfortable(ish) salary of £44k a year. after checking my student loan account i noticed that even on my salary i am barely covering the annual interest on my loan, and never really paying back the balance. I'm in a position where i can save about…
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AI for proof reading
I have a long paper (about 80K words). Has anyone got any advice about which AI could proof read it?
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Guide discussion: Student Loans in Scotland
This is the place to discuss our guide on 'Student Loans: Scotland'. We'd love to hear your thoughts, personal experiences, and general feedback. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.'
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Student loan repayments almost doubled despite no change in income
My overseas student loan repayments have just been recalculated from £57 to £99, when I was actually expecting them to go down slightly since my annual income dropped by a few hundred pounds. I phoned SLC and they told me they had looked at the Spanish tax return I submitted and had approx. £34k down in their system as my…
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Student loan query
Hi, help needed! Today I received an email from student loans asking me to contact them about my loan. I was confused as I paid this off years ago. I duly phoned and was advised an ex employer had contacted HMRC in October 2024 to tell them they had submitted the wrong deductions from me in tax year 2012-2013 with a…
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Section 6 of the PFF2 student finance form 25/26
Hello all, I am new to this forum, and I have a question regarding the PFF2 student finance application form 25/26 that I was hoping to get some help with. My daughter is applying for student finance, and myself and my husband (her Step-Father) are supporting her. I am struggling with the question in section 6 of the form:…
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Parent supporting application Junior Sipp question
As a parent I have to do a supporting application for my child for the student loan. One of the questions is something like "Do you contribute to any pension that isn't your workplace pension". I contribute to my kids junior SIPP but it wasn't clear if that was relevant or not. I added the amount of my contributions. Now…
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student loan advice
Good morning, I'm hoping that someone may be able to advise please... My daughter is in her second year of uni and unable to apply for student loans as she is studying at home - the latter due to anxiety issues. I am a single mum, my job was recently made redundant, I am on benefits and struggling to make ends meet and my…
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Student Loans for UK citizens who have been out of the country for the last 5yrs
Hi - I wondered if anyone had any information regarding student loans qualifications. Our eldest has just started Uni in the UK (undergraduate) and we have been looking into whether he can apply for a maintenance loan. We have been living abroad for the last 5yrs and therefore doesn't qualify for a Loan for Uni fees but…
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How is pension income treated when repaying a student loan.
I'm considering a part time OU degree, and thinking of applying for a student loan to cover tuition fees. I shall be in receipt of pension income (not earnings) when repayment of the Student Loan starts. My understanding is: 1) The student loan repayment will start 4 years after I first enrol on the course; 2) Repayments…
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Student Loan SFE - Help
Hello Everyone, Need some advice on my current SFE scenario. • I was studying with OU on a Part-time tuition fee loan , started Feb 25 and Have withdrawn Mar 25 - OU advised me to do this for the reasons below. • I have been advised that the £909 That has been paid to the OU is still what im liable for which I Understand,…
