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student loan repayment
i have been repaying student loan from the april after my course finished. i work contract jobs so do have a few weeks off in between contracts. I have just looked at my statement for 21/22. It looks complete for the year but i have calculated that 9% of the difference between my income and the student finance threshold is…
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Student loan arrears
Hi! I have 4 old student loans from 1992-1996. I have never earnt over the threshold to repay and they have been deferred every year. I missed one year when I moved house and forgot to update mu address and this incurred arrears on my account. I'm now 51 and have had them ling enough for them to be wiped off... but they…
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Student Loan Help
I have been trying to
research and get some help regarding my student loan but I am finding so much
conflicting information online and was hoping for some guidance. I am currently earning
£50,000, but this is likely to increase in the near future. I am repaying a plan 1 loan. My current balance is
£30,000 and my last year…
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Tax on additional student loan repayments
The base student loan repayments come out of your Gross earning prior to your tax being calculated, so these ordinary payments are tax free. However of you make additional payments over and above the base payments, do these also come out of your Gross such that they are tax free? If the additional payments can be…
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Student loan interest rate
Hi all! I was wondering if anybody knew whether the interest rate calculated on a student loan uses gross or net income? A bit of background... I stopped my part time open uni course a number of years ago when my child was born due to time constraints and have a student loan but much less debt than is typical so I…
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Working in Australia
I work in Australia. I owe 7k from a student loan. Graduated 7 years ago. I owe 7k and pay £100 a month towards it. I earn 43k. Is it worth paying it off? I have loads of savings left if i do this.
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Advice on having 3 x Student Loans
Hi everyone I am looking for some advice. My daughter is about to take on her 3rd Student Loan for a 2 year Occupational Therapist course , this is on a Plan 5. She already has a plan 2 loan + a Post Graduate Loan. From what I've read it seems that she will have 3 different threshold figures, the plan 2 and Plan 5 each…
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Student loan application - AVC’s salary sacrifice
Hi, When completing a student loan application, it requires details of private pension and AVC’s. I have a company pension with the AVC’s paid via the company salary sacrifice scheme, as part of the company (not private) pension scheme. Is it just private pension AVC’s which need to be provided on student loan application…
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Plan 1 direct debit payment query
I'm reaching the end of my plan 1 loan and I'm being pressured to switch to pay by direct debit. My thoughts are: *PAYE deductions are pre-tax *Direct debit deductions will be post-tax from my bank account *I pay roughly 30% overall tax rate, therefore switching to DD will cost me 30% more, vs the benefit of not overpaying…
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Student Loan fees when kicked out of uni, says "before the first day"
Hey, Without going to much detail (plenty of that on other thread in here) My son was kicked out of uni, allegedly in October from what son says. Anyways, I was made aware from others on here that the maintenance loan would need to be repaid immediately (well with an agreement made monthly), pro ratad.......and the tuition…
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Student loan application
I am thinking of gifting my 18 year old child my house where I will continue to live, but would this affect her application or eligibility for a student loan in September 2025?
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Private Student Accommodation Guarantor done yearly? - child has since been suspended!!! panicking!
Hi, I hope this is in the correct area as wasnt sure where to put it Hoping someone could please help advise on this, as trying to find the details but struggling, and in a mini panic. So in a nutshell, the last year we became Guarantor for my son for a properly in England, off campus, total cost per student (inc bills)…
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Salary sacrifice and best course of action
I currently have a student loan which seems to be ever growing with the interest payments. I am currently working with a salary sacrifice and knowing how important it is to put as much in my pension early on for maximum returns it does mean i pay very little on my student loan say most 500 a year. Currently got 23 years…
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Student Finance overpaying me
Hi all, So I am now well into my third year at University studying in Nottingham doing an integrated Master's course. The previous two years, I applied for the maintenance loan and always received 4.5k (the minimum). For some reason, this year I received £10.2k and I have no idea why. So far, I have been putting the extra…
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Money Moral Dilemma: Should my daughter claim Universal Credit?
This week's MoneySaver who wants advice asks... My daughter is 18, lives at home and is taking a gap year before starting university next September. She had a temporary part-time job that recently ended and is now job hunting. Technically, she could claim Universal Credit, but she doesn't think she should as she has some…
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Studying in Australia
Heading down to Australia to study. I will need to open a bank account down under but for the first few weeks will rely on using a debit card from my current bank, Santander. Is there a better bank account I could open that will reduce the fees I pay, as some transactions already have been made and the exchange rate is…
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Uni student struggling
I’m a uni student with another 2 years to pay off my car at 163 a month with 10.9% interest. I’m starting to struggle with not being able to work as much with placements etc.. I have £6610 in an ISA account which is me saving for a house after finishing uni in a few years. I was thinking of withdrawing money to pay my car…
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Financial help on your own?
Hi, I’m a foundation year student who’s going to be doing a first yr in the next year. I have lived in a toxic household most my life and I think it’s best for me to leave. A few questions I had was when applying to maintenance loan do you have to have an address for where you will be staying even though you might not know…
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Tuition fees and maintenance loans to rise in Wales – here's what it means for you
Universities in Wales will be able to charge full-time undergraduate students up to £9,535 a year from 2025/26, the Welsh Government has announced today (Wednesday 4 December). Student living support – also known as maintenance loans and grants – will also rise by 1.6%. Here's what you need to know. Read the full story:…
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Student grants rules and restrictions
I'm writing to ask for your advice on a difficult situation. My daughter, who just turned 18, wants to attend Manchester University next September. Unfortunately, due to Me and my wife high income she's only eligible for a small student grant of £4,000 per year. This amount is far from enough to cover her accommodation or…
