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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…
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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…
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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…
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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…
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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.…
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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…
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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…
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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?
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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?
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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…
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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…
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Mature student over 65 in Wales
Hi, Im doing a part time BA, starting this September. Will I still be financed after retirement? Thanks
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Can I get a refund if I overpaid BUT did reach the yearly threshold?
My monthly pay varies as I do a lot of overtime, so some months I paid and most I didn’t. My annual earnings ended up just exceeding the limit, but as my earnings were much higher in some months I have ended up paying more than 9% of the amount that I am over the threshold - by about £100. Can I get a refund of this, or…
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Guide discussion: Plan 5 student loans
This is the place to discuss our new guide on 'Plan 5 student loans'. 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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Advice about finance available for a mature student doing a healthcare BSc
Hi all, Would appreciate some advice as everything online is confusing. Can you get definitive advice about student finance before you apply to Uni? It would be make or break for me so the whole 'you may be eligible' is not very helpful This is my situation: I have a degree from way back. I am now mid 40s single parent…
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Student Loan overpayment
Hi, My sister is a doctor, she had paid off her student loan in full but just realised that they have taken more money than they should have. When she spoke to payroll they said they can’t do anything because the Student Loan Company (SLC) has to stop it from their side. When she called the SLC they said the opposite -…
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Honour Student Loans - '...cancelled and no further payments are due.'
I've recently received a letter from Honour Student Loans (HSL) telling me that under section 8 of my loan agreement my loan has now been cancelled and no further payments are due. It's a mortgage style loan from University studies 92-96. There were four loans in total and the letter references them as 'Pack Numbers' under…
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Salary sacrifice & student loan repayment
One of the children received a job offer for when she graduates next year. It’s only £28K salary but includes becoming chartered and she also has the option to salary sacrifice both pension and EV. Does salary sacrifice come off the income threshold for student loan repayments ?
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When will my student loan be written off? Confused
I started university in England in Sept 1997 aged 21. I graduated in July 2000. Standard undergrad degree. I took out student loans in 1997 & 1998. Over the years since I have had some jobs where I earned above the threshold and thus loan repayments were taken from my salary, and some jobs where I earned less, and thus no…
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Age related cancellation
Hi, looking for some reassurance. I have the old style student loans, taken out in 97,98,99 - am I correct in thinking all of these will be wiped this year despite the 98 and 99 loans having been sold to Honours, and the 97 one still being with Erudio? Never defaulted, always deferred on time. Interestingly, this was the…
