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MSE News: Queen's Speech 2021 round-up: student loans shake-up, more rights for renters and more
Flexible 'lifetime' student loans were among the plans revealed by the Queen today during the state reopening of Parliament. Other measures include increased rights for renters, leasehold reform, and more protection for those using the internet... Read the full story: 'Queen's Speech 2021 round-up: student loans shake-up,…
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Paying of Student Loan Plan 1 and 2
Hello My partner is a high earner 70k+ and has both a plan 1 and 2 as she did 2 degrees. Plan 1 seems lower interest so no drama but the interest rates of plan 2 is way too high Is there a way to pay off the entirety of plan 2 but leave plan 1?
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Student loan repayment possibly overpaid
I wonder if anyone can help. I have a Student loan in Scotland from 2008-2012. I am self employed and pay my repayment at end of tax year when return is done. In Tax year 2018-19 I had won a large contract and the employer wanted to may me as PAYE rather than usual SE which I was fine with. Over the time to complete…
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Pizza Savings
Am I the only one who didn't know you get student discount at Pizza Hut!? They offer 20% off for students and obviously there's exclusions and stuff but I can't beleive it's taken me this long to realise! All the money I could have saved - so here you go! ENJOY!
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Unfair student accommodation rental payments due to Covid
Hi, my son is a student at a University in the Midlands and has been studying from home since mid-Dec due to the pandemic. He has a private accommodation room secured which he hasn't used since early Dec. The private halls company have taken around £2,000 (second payment) to cover the period over Christmas and up to April.…
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Unfair Student accommodation rental payments due to Covid 4th January -18 April 2021
Has anyone else had their child come to them with this? An amount collected from their bank account (in this case nearly £2000.00) to cover the rent on their uni accommodation room for January to April 2021 as they did not fill out some declaration. Would not mind seeing child pay but they physically have not been in their…
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Repayment Threshold 2022/23
With RPI for March in at 1.5%, the repayment threshold for plan 1 loans will rise to £20,195 from 6 April 2022 (19,895 x 1.015 rounded up). The repayment threshold for plan 2 loans is due to change by the annual average earnings increase for January - March (4.6%) to £28,555 (27,295 x 1.046 rounded up). However recent…
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UAL - extended diploma and UCAS points
Hi, Can someone help. Struggling to understand information on-line. My 18yo daughter is on her 2nd year at college (equiv to yr13) studying UAL extended diploma performance and production arts. She has been made an offer by a top London drama school for one of their degree course. It is conditional on her having 120 UCAS…
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Student Loan Overpayment ? Mortgage Style and Plan 1 repayments = 7% of 'Gross' Salary!!!
Wondering if anyone could please advise? After some 22 years, I last year hit the earnings threshold for repaying student loans taken out in England in the late nineties. I studied again in Wales from 2002 until 2006. I am now paying nearly 7% of my 'gross salary' in student loan repayments and was wondering if anyone had…
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Student Loan - Is interest calculated as simple or compound interest ?
Hi. Firstly I have watched Martin's recent specials on Student Loans and read the extensive material on the MSE site - I do appreciate that it should be viewed as a tax not a loan. However my son is on the Plan 2 and in the category that Martin says might want to think a little more carefully about whether it would be wise…
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Student Loan Company Will Not Accept My Details As Correct
As title... Student Loans Company sent letter asking to phone for refund. Phoned number on letter and .gov website and gave my usual details, Stated my name, DOB and address and NI number. Was told did not pass security and because of data protection was also told, cannot tell you what was incorrect. Phoned number again…
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Too much Maintenance loan
My Daughter is a first yr midwifery student and gets over the maximum maintenance loan for her course, due to my very low income and the longer length of her course. She also receives the NHS non repayable annual bursary. Due to the pandemic she will not use all her loan this year and has already put a few thousand into…
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Child Trust Fund Transfer
Hi, I have recently turned 18 and have gained access to my Child Trust Fund and I intend on using it in the near future to contribute to my living costs at University. I am wondering if it is beneficial to keep it in the OneFamily account or if i should transfer it into a savings account, if so what savings account would…
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Student loan overpayment PAYE
I was made redundant in November 2020 and received 12 weeks payment in lieu + outstanding annual leave entitlement, in addition to a small redundancy payment. I paid student loan contribution on the PIL and annual leave element at the correct rate for Scotland (Plan 1) in that month (and each month prior). However, I was…
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Money Moral Dilemma: Is it 'morally wrong' to use student discounts aged 55?
This week's MoneySaver who wants advice asks... I'm a 55-year-old mature student doing a continuing education course at a university, which is about two hours a week, plus reading, studying etc. As such, I have a university email address, which means I'm eligible for all manner of student discounts. My 20-year-old son, who…
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student finance foundation year help
I'm currently in my foundation year at univeristy. I'm not happy at the university and want to change unis i want to do the same course but somewhere else. If i have to start again on a new foundation year will student finance cover all 4 years of my new course. please help.
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repayment plan 2 fluctuating Salary
I am paid a basic salary that is under the repayment threshold(plan 2 student loan years 2016-19) . I receive extra salary in bonuses some months Is the repayment worked out on your yearly salary or can earning (£3000) trigger repayments even if your yearly salary is still under the threshold?
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Where to begin- student daughter?
Looking for some advice please: Daughter currently doing AS levels, so looking to go to Uni September 2022. We live in Wales, but she's thinking of Uni in England- maybe Exeter or Bristol. 1st in family to go to Uni, so after all help we can get please I've had a look on finance, don't think she will get much help-…
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Student loan
hi my daughters grandparents have very kindly put away some money in a trust for my daughters education. Looks like it’s about £10k per year. Does she have to declare this in the student loan application and will it affect her overall grant? She will get the minimum loan because of family income thanks
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Finding A Foundation Degree
I applied for my dream drama school and although I didn’t get on to the full course, I was accepted onto the foundation course. The full course is funded by a student load however the foundation course is privately funded paying £9250 for the course and living costs on top of that. I’m desperate to go but I don’t know how…
