Can i get out of my student loan?!

Oldernotwiser

Spectralis wrote: »

The whole student loans arrangement is unfair. The Tory and Labour government ministers who brought it in got a free university eduction and the rich get virtually free education because the i.

When the grant system existed less than a quarter of the numbers of students went on to HE, compared with today. The current system still subsidises ALL students substantially as the £3,000 fees paid represent a small part of the actual costs.

I agree with phlash that the HE sector has been greatly overexpanded, largely at the expense of FE. The country does not need 40/50% of it's people to be graduates, or it wouldn't do if standards were higher at lower levels of education.

whitfreak

Bah just realised I was about to repeat everything factual thats already been said.

One orginal point. Spectralis bankruptcy does not clear student loans. You still owe them even if your a bankrupt.

Back to the OP, if you get caught and they fully enforce the terms and conditions you'll wish you just paid the small 9% over 15k. And while it doesnt seem that the SLC are particularly quick, they seem a bit like the VAT man and will dig up an issue from 10 years ago and make you pay over the odds.

Blacksheep1979

Spectralis wrote: »

The whole student loans arrangement is unfair. The Tory and Labour government ministers who brought it in got a free university eduction and the rich get virtually free education because the posh schools are charities so fees are tax deductible. There are all sorts of loopholes politicians and the rich use to get out of paying for education while us working people who pay tax get stung twice by having to pay for further education. Education that is used and exploited by employers who contribute nothing but reap the benefits of educated and skilled labour.

I advise against taking the risk of using two NI numbers but that doesn't mean the whole student loan arrangement is acceptable. A lot of students were using bankruptcy while it existed as a loophole and more power to them. If students have a chance to get out of paying for something their parents have already paid for in taxes them good luck to them.

We should be using our tax money to fund health care and education instead of funding wars and bailing out bankers. The biggest fraudsters are this government who allowed the super rich to get away with daylight robbery on the market. We're the ones who will suffer because of this and they are being bailed out.

So plash, before you start getting all moralistic on the OP how about pointing the finger at the real con people who set up the loans business? They're excluding the poor and low waged from further education because they know that we can't afford to send out kids to uni.

I've never heard so much bull in my life -

1. Point out how the rich can get free university education today?
2. More power to those ripping off the rest of us (link to one of my next points) if money is lost somewhere by a company or the government and that institution continues to function then the money has got to have been paid back somehow - oh that's by the rest of us.
3. Greedy bankers? Yes they're motivated by the huge sums of money - but wouldn't you and most people be? The people who have cost the money with the funky debt spinning that was going on were the people taking out loans and not paying them back.

Can't really be bothered going on any more as you're obviously too stupid to understand as you don't think for yourself and love to jump on a bandwagon.

ourgerry

Folks, before everyone looses their heads here....

I was expecting one or two responses, maybe someone advising me of the up and downs and then appealing to human nature. Instead i've had a very interesting insight into the life of MSE posters.

I've decided (ultimately from the advise of friends) to contact the SLC and start making payments. I would LOVE so much to get out of this graduate tax but realise the immoralities attached.

For those of you who have been deeply offended by even the thought of my inpropriety, get a life. To stir this kind of reaction, i feel, has shown that money stirs far too much emotion in some people. I'm very capable of making moral judgments myself.

For those who offered advice based on the facts, i thank you. You are all obviously very knowledgable and a usefel asset to the site that i may hope to use again.

CLAPTON

So lets see
Your sitting next to an old lady on a bus who's fallen asleep
her handbag is open and you can see the pursue there
so before you 'realise the immoralities attached'
you need to consult a forum and talk to your friends
and presumably you thank those that offered facts.. (maybe like ..there's CTTV on the bus... that sort of thing.
Glad there's some that are useful assets to you...

phlash

I like the analogy Clapton

lulaloo

whitfreak wrote: »

One orginal point. Spectralis bankruptcy does not clear student loans. You still owe them even if your a bankrupt.

There was actually a loophole in 2004 where students were able to wipe their student loans by declaring bankrupcy.

I had been in a slightly similar situation to the OP for the past year - I went to uni for 1 year when I was 18 and decided it wasn't for me. I took £3000 of loans to pay for accomodation.
For the next 3 years, I earned over £15,000 and did not have any payments taken from my salary. I actually thought it was up to them to just start taking it from your pay, I've always kept them updated with addresses.
Sept 2008 I started a part time degree course at Uni, and applied to the SLC for an income assessed grant with proof of earnings on my P60, which they paid me.

They have my address, they have my income details - how much more information do I have to give them before they decide to pull their finger out and do my PAYE?

Let the onslaught of self righteous drivel begin...

argood

lulaloo wrote: »

There was actually a loophole in 2004 where students were able to wipe their student loans by declaring bankrupcy.

I had been in a slightly similar situation to the OP for the past year - I went to uni for 1 year when I was 18 and decided it wasn't for me. I took £3000 of loans to pay for accomodation.
For the next 3 years, I earned over £15,000 and did not have any payments taken from my salary. I actually thought it was up to them to just start taking it from your pay, I've always kept them updated with addresses.
Sept 2008 I started a part time degree course at Uni, and applied to the SLC for an income assessed grant with proof of earnings on my P60, which they paid me.

They have my address, they have my income details - how much more information do I have to give them before they decide to pull their finger out and do my PAYE?

Let the onslaught of self righteous drivel begin...

Well really it isn't the SLC's responsibility to start deductions on your wages.

HMRC are obliged to match you up by your National Insurance number so that deductions can begin. This is supposed to be an automatic process but occasionally it doesn't work as intended.

If you want to start repaying your loan then you can ask SLC to send a Start notification to HMRC which is then passed on to your employer.

I hope this helps.

phlash

lulaloo wrote: »

There was actually a loophole in 2004 where students were able to wipe their student loans by declaring bankrupcy.

I had been in a slightly similar situation to the OP for the past year - I went to uni for 1 year when I was 18 and decided it wasn't for me. I took £3000 of loans to pay for accomodation.
For the next 3 years, I earned over £15,000 and did not have any payments taken from my salary. I actually thought it was up to them to just start taking it from your pay, I've always kept them updated with addresses.
Sept 2008 I started a part time degree course at Uni, and applied to the SLC for an income assessed grant with proof of earnings on my P60, which they paid me.

They have my address, they have my income details - how much more information do I have to give them before they decide to pull their finger out and do my PAYE?

Let the onslaught of self righteous drivel begin...

If you weren’t being taxed, would you tell someone? The money you owe to SLC is the same money that you pay in tax. It all goes to the state, by which ever channel or means. If everyone in this country took a similar attitude to yours above, there would be no health care, no infrastructure, no genuine benefits, indeed no student loan.

So, is this really self righteous drivel or is it you who writing selfish twoddle? Who knows. But fortunately there are more people on the self righteous drivel camp who pay their taxes, student loans, national insurance etc etc to enable people like yourselves to cheat the system.

The loan is your responsibility, clearly stated before in this thread and no doubt will be stated again, and indeed is clearly stated in the t&c’s.

lulaloo

phlash wrote: »

If you weren’t being taxed, would you tell someone? The money you owe to SLC is the same money that you pay in tax. It all goes to the state, by which ever channel or means. If everyone in this country took a similar attitude to yours above, there would be no health care, no infrastructure, no genuine benefits, indeed no student loan.

So, is this really self righteous drivel or is it you who writing selfish twoddle? Who knows. But fortunately there are more people on the self righteous drivel camp who pay their taxes, student loans, national insurance etc etc to enable people like yourselves to cheat the system.

The loan is your responsibility, clearly stated before in this thread and no doubt will be stated again, and indeed is clearly stated in the t&c’s.

I'm not avoiding paying it. I havent witheld information at any point. I don't see how I'm cheating the system?
There's interest being added to it all the time, so when the SLC sort themselves out, i'll be expected to pay back the interest as well.
I pay my taxes and national insurance. I don't see why I should go out of my way to pay something back that is meant to be done automatically. Are they gonna pay for the cost of my telephone calls? Doubt it.