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Interest added after paying off student loan
Hay all I paid off my plan 1 student loan 27/2/23. I had a confirmed direct debit payment plan for the last 11 months of the loan to ensure I didn’t over pay via PAYE. At the end of the 11 months SLC stopped taking any payments as per the plan. I have not had a statement in the post since 2022 and assumed this was because…
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Means testing - Salary sacrifice
Hi I paid into a pension via salary sacrifice. If my child applies for a maintenance student loan, then do I have to declare the money put into salary sacrifice pension? thank you for any help
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No Student Loans to do an MA for over 60s
Hi, I’m 62, in receipt of UC and have just been offered a place at the RCA to do a Photography MA. Looking at Student Loans England, they say that over 60s can get a loan for undergraduate study but not for postgraduate (i.e. MA). Gobsmacked! How is this fair? Tried looking at scholarships and bursaries, but a mind field…
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Being pursued by student accommodation landlord despite never living there or having guarantor
Hi I have previously posted about this but I has been a while and I have only recently been able to gather the information requested I'm hoping someone can't give me some advise regarding an issue my son has. He was attending Winchester University and living on campus for the first year of his degree. Near the end of the…
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Parents in England expected to contribute up to £15,000 a year towards children's uni living costs
Parents and carers in England have to contribute up to £15,127 a year in order for their children to have a minimum acceptable standard of living at university, according to a major new report published today... Read the full story: Parents in England expected to contribute up to £15,000 a year towards children's…
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Partners income in applying for a maintenance loan
I have been living with my partner for just over a year. She is on minimum wage, I am fortunate that I earn enough that our combined incomes take us to the point where her son who hopes to go to Uni next September will only qualify for the minimum maintenance loan. His father is also a high earner but has said that he will…
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Being pursued by student accommodation landlord despite never living there or having guarantor
Hi, I'm hoping someone can't give me some advise regarding an issue my son has. He was attending Winchester University and living on campus for the first year of his degree. Near the end of the first year he decided he was going to live off capmus in the second year and found accommodation from a landlord who got him to…
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Error on MSE webpage
Whilst updating myself on current Student Finance matters I noticed the following on the MSE site: moneysavingexpert.com/students/student-loans-repay/ Graduate Ivor Gudjob has £10,000 of student loan debt at 5.5% interest. He's debt-free and has £5,000 saved up. His choices are putting the money towards his loan, or saving…
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Student Loan Refund Request confusion
I finished repaying my Student Loan in 2016. I completed and submitted a refund request to Students loan and they replied with the below response which has confused me. I am hoping someone here can explain why they would take back a refund I am owed if I go ahead and ask for it back when I do not owe SLC(okay apparently…
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Maintenance loan different for two siblings
Has there been a change in the expected parent contribution? My son will be in his third year in September and will receive £5877 my daughter starts first year in September and will receive £5084 these are both based on the exact same details put down for my earnings?
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Student loan repayment gov.co.uk
I currently have about £1800 to pay off. I had started to keep an eye on my balance monthly to calculate the interest in real time (£ not %) and then to decide weather I should pay off this before interest free credit card. I think approx £10 per month is interest. Whereas if I only paid minimum credit card off per month,…
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Uni finance advice needed
My son Child trust fund has just matured and is plannyon using it for driving lessons so Transferring to his bank saving account to use as and when needed does he declare this in his application for uni finance ,first year at university?
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Student Loan Interest
Does anyone know how the interest is calculated on a student loan? I still paying off mine, Plan 1 (England). The interest is 6.5%. Wondering how long it will be before its paid off. Thanks.
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Supporting students and apprentices at the same time
I have 2 children one daughter in their second year of University and one son in their second year of an apprenticeship. As my son is not classed as a dependent even though I am still having to support him financially although not fully. My daughter's student lone is deducted in line with my earnings as I have no…
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Student finance vs using money from Child Trust Fund
My son is due to start university this Sept (24) and is undertaking a 4-year integrated MSCi, which at the current rate will incur fees of £37K (assuming they're not raised in the interim). We've saved consistently in his Child Trust Fund which is due to mature soon (on his 18th birthday) and currently has a value of £34K.…
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SLC repayment confusion
Hi! So basically I have a question regarding SLC loans, as while I do understand the broad mechanism of it, I feel like it's actually very confusing to get contextual help from them because some staff is underprepared and probably don't understand the 'fine print' part of it either. Some of it is just ambiguous altogether.…
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Council tax bill when course has NOT ended
Good day MSE forum members! I need your advice. I know that councils can send a bill for residual council tax to students if the stay beyond the end of their course in a property. However, my son has received one while still having two terms left. The bill appears to be for the third year of his Masters course, which is a…
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Student Loan - Two Jobs One Employer
Hey Guys, Question regarding plan 2 for SLC: The slc website says that if you have two different jobs then the loan is repaid for each one separately. So If the threshold is 30k and you have two jobs earning 20k each, you wouldn't need to repay anything as they are both under the threshold. My question is: would this also…
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Paying Student Loan in retirement?
Does anyone know this? I took out another student loan as a mature student. So some will still be outstanding after I retire. Most loans get wiped at 65 years old. But this one doesnt, it says it gets wiped after 30 years. But that is after Ive retired. So what are the implications? I wont be earning so they cant take…
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Plan 5 student loans - how will they apply to PGCE students?
Hello, My daughter is just finishing her undergraduate degree, so she is on a Plan 2 loan. In September she will start a PGCE. My understanding is that PGCE loans are treated as undergrad rather than postgrad loans, so presumably her new loan will be added to her existing loan. However I have just heard about Plan 5 and am…
