-
Loan taken in England but living and working in Scotland
Hi, Does anyone know which income threshold should be applied for someone who took a Plan 1 loan, in England in 2000. The person is originally from Scotland, but had been living in England since 1997. They went back to Scotland in 2012 and are currently living and in PAYE employment there. Should the higher threshold (of…
-
Over threshold by £500 Overpaid by £400 - can I still get a refund
The plan etc. is immaterial so I'll keep it simple and omit. According to letter of reason one I have earned above the threshold in a previous tax year, but only marginally so (by just over £500) despite this, and for same reason as explained about repayment being deducted monthly based on monthly earnings where I was out…
-
How is parental Income calculated for student loan eligibility?
Apologies, this has probably been asked and answered many times, but is there somewhere official that describes how parental income is assessed for student loans and the 25k limit for full loan eligibility? Areas of relevance to me are: The treatment of pension contributions The treatment of pension draw down, taxed and…
-
One off payment against postgraduate loan
Hi.My daughter has an undergrad and postgrad loan (masters) and we want to make a one off payment that reduces the postgrad loan not the undergrad. However on the website if you select bank xfer you are required to enter the customer number - which applies to both loans. How can we ensure which loan the repayment is…
-
Returning to study
Recently returned to study (Level 7, year 3) as a mature student with extremely limited time. Can anyone suggest how to get assignments done as quickly and efficiently as possible? I’m aware of various apps (OpenAI & Grammarly) which seem to be useful tools for creating an outline/template but not sure how good they are at…
-
Plan 2 AND Plan 5 loans (Current PGCE students) - repayment rules costing £10,000s?
Hi all. Bit of a niche one this, but bear with me! Will affect most PGCE students who have done an undergrad degree followed by a PGCE that commenced: last year (Sep 23) this year (Sep 24) next year (Sep 25) These students will have had a 'Plan 2' student loan for the Undergrad course, and 'Plan 5' student loan for the…
-
"mortgage style" (pre-1998) student loans and deferment - does savings interest count?
Hi there. When working out whether someone can defer a "mortgage style" student loan, does income from savings interest count towards the threshold when declaring income? Thanks.
-
Student loan after stopping work, what happens?
Hi, It looks like I may stop work in the near future and will be supported by my partner. I still have an outstanding balance on my SL. In recent months my repayments have stopped as the threshold was raised just above my annual salary. The query I have is, what happens if I stop work? Will I be chased for payments or will…
-
Student loan repayments - multiple jobs.
Hi, Just a quick query.. Is it correct that if someone has multiple jobs (all PAYE, therefore no self assessment) and doesn't earn above the monthly repayment threshold of £1615 (Plan 1) at any one of those jobs, yet overall earns above the annual threshold of £19,390 (Plan 1) then they'll never make any repayments?.. Is…
-
Student loan - repayments not clearing anything, interest causing debt to rise
Is this right? I am on repayment plan 2. I earn £43,000 per year. My repayments are not clearing the debt and instead interest is just getting added and added. Two years ago in September 2022, when I was probably earning ~£40,000 or a bit less, the debt was £33,929.44. Now today I have taken a look, November 2024, and the…
-
Issues with student loan
Our daughter has applied for a student loan for her PGCE. She previously worked in South Korea for two years (22-24), teaching English at a private school. Student Finance has stated that she needs to prove her work abroad was temporary, which it was. She has already sent a letter explaining this, but they have requested…
-
Student loan repayment
I have been trying to find some info on this, but not found much so I am throwing this out to see if anyone has any ideas! I am a mature student and took student finance of £12,000 for tuition fees on plan 2, which I started to re-pay in April 2020, after graduating the year before. Due to my earnings I was paying £60pm…
-
erudio stopped sending emails
Heloo. I hope someone can advise me about this situation. I have some of the old style mortgage type loans from 1997-2000 that I have deferred successfully every year since then (except 1year when i was rich). Usually they send an email to remind me about the deferment window when it comes around. This year they did not.…
-
Can you Salary Sacrifice student loan repayment(s)
Dear Team, partner has £30k in Student Loan to repay. Looking to repay it ASAP as the interest on it now is 7.6%!! Can you increase your repayments via your employer payslip? If so - is it on Gross salary - ie reduces your Tax and NI costs? The current default is 9% which will barely cover the interest charges. So looking…
-
Student finance won't cover uni fees after finishing the year
Due to her course starting in July and my daughter enrolling in September, she accidentally applied for student finance in the wrong academic year. She was not notified and was only made aware when applying for the second year that the first wasn't paid for (after hours on the phone to SF and the Uni) by the time we had…
-
Student Leaves University Course Early
When someone leaves their course in the first term of the first year i.e. November. What happens to the student loan. Will they be liable for the whole year (tuition fees and maint grant) and what do they have to pay back if any immediately?
-
Sipp and isa for child’s student loan
When they ask your income do they also ask about sipps and isas? I’m self employed and pay into a sipp and isa. Is it better to move money from isa to sipp or doesn’t it matter?
-
University tuition fee AND maintenance loans in England to rise by 3.1%
Universities in England will be able to charge full-time undergraduate students up to £9,535 a year from 2025/26, Education Secretary Bridget Phillipson has announced today (Monday 4 November 2024). Student living loans, also known as maintenance loans, will also rise by 3.1%, in a move MoneySavingExpert.com founder Martin…
-
UK Tier 2 Student Loan repayment from overseas
Hello, I went to pursue a degree in England and took out a student
loan. After graduating in 2019, I returned to live in my home country Bulgaria. I then started to work full-time in Bulgaria and since I was
no longer in the UK, I had to contact Student Loans Company to inform them of
my current residence and income so…
-
Mature student over 65 in Wales
Hi, Im doing a part time BA, starting this September. Will I still be financed after retirement? Thanks
