Sillychuckie wrote: »
Can someone explain to me why the Govt can do this?
Is the loan between students and the SLC not a binding contract like any other? If the original terms of the loan say it will track inflation (and mentions no 0% minimum), then is this not a breach of the terms?
I have a loan, but I'm not sure I have the small print surrounding the terms of it. Why is it the are able to do this?
You will find full details of the conditions for
receiving student loans in the relevant Student
Support Regulations. The conditions for repaying
income-contingent loans are included in the
following regulations (which may be replaced by
• For England and Wales, the Education (Student
Loans)(Repayment) Regulations 2000 as
• For Northern Ireland, the Education (Student
Loans) (Repayment) Regulations (Northern
Ireland) 2000 as amended.
• For Scotland, the Repayment of Student Loans
(Scotland) Regulations 2000 as amended.
Thoughts? Feedback? Let us know
Eg, balance transfer up to 35 mths at 0%
Via MSE Blagged code (norm £109)