Help With Student Loans - HERE!

MrsManda

Information from the SLC repayments website with regards to credit agencies:
Important information about how we recover outstanding arrears We actively contact customers to discuss repayments and pursue arrears. As part of this work, we send letters to those customers who consistently fail to repay what is due, requesting that they contact us (or if appropriate, their private sector loan administrator) within 28 days to discuss the options available to them.

After this date, unless there are mitigating circumstances, we register customers who have not deferred and are not meeting their repayment obligations with UK Credit Reference Agencies.

This is done to ensure that

• loans are properly collected; and
• customers are protected from getting into furtther long-term debt through excessive borrowing.

Customers who engage with us and make suitable arrangements to repay or defer repayments will not face court action for as long as they keep to heir agreed repayment plan.

leon103

Poolie wrote: »

Incorrect. If you complete a self assessment you have to confirm your income for the tax year.

There is no tax on student loans!

Ok just getting confused because my student loan payment is included in my taxable pay

pan111

My GF has an interview with a Welsh Uni for a place on a Midwifery Degree course Sept 2010...

She is of the opinion that a Student Loan is not available to her because she will be having a Bursary from the Uni/NHS as part of the course.

Also, we live together in Wales but are not married...do my earnings still affect any entitlements she could be getting?

Thanks in advance

MrsManda

pan111 wrote: »

My GF has an interview with a Welsh Uni for a place on a Midwifery Degree course Sept 2010...
She is of the opinion that a Student Loan is not available to her because she will be having a Bursary from the Uni/NHS as part of the course.
Also, we live together in Wales but are not married...do my earnings still affect any entitlements she could be getting?
Thanks in advance

I'm not sure about NHS grants vs. Student finance but I think your GF is right - I'm sure someone else will be along soon to provide more knowledgable information about that. In terms of finance which is income assessed, this is based on household income (usually). If your GF is classed as an independent student (i.e. is over 25, has supported herself for the 36mths prior to her course starting, has children...) then she will be assessed on the your and her incomes, if she's not an independent student she'll be assessed on her parents income.

pan111

Thanks MrsManda...I will add that she will be a full time student and we have a mortgage together also.

If I am made redundant during 2010 will my income from 08/09 be assessed also?

MrsManda

pan111 wrote: »

Thanks MrsManda...I will add that she will be a full time student and we have a mortgage together also.
If I am made redundant during 2010 will my income from 08/09 be assessed also?

I'm not sure how the NHS bursaries work but I presume, like student loans, if the income you are assessed on changes by +/- 15% you need to fill in a change of circumstances form and will get reassessed.
The fact that you live together and have mortgage together doesn't necessarily mean she's an independent student so the first thing is to find out whether it's you/her joint income or her parents income which will be assessed.
I've just been looking at the NHS bursary website and noticed it says that studying in Wales, NI or Scotland though broadly having the same funding criteria are slightly different from studying in England.

Taiko

With the student loans side of thigns, if she's receiving an income assessed bursary from the NHS, she'll only be entitled to a reduced rate of maintenance loan from the SLC.

pan111

Taiko...thanks for that...I think she assumed she was only entitled to the bursary so has been a little down on how to afford to go to Uni, give up a full time job and pay a mortgage and household bills.

jules23958

Hi
I went to uni in the years 1994-9 doing first a degree then a pgce but because of financial difficulties I had to leave in the February 1998 and then return February 1999 which means I clocked up 5 loans.
I had a lot of debt problems as a result of divorce and then became unwell between 2002-5. I continued working until October 2002 but then left because I could no longer cope. During this time I signed a power of attorney to Norfolk Money line under counsel of citizens advice bureau and then later we moved to a solicitor in Norwich Ian McNally of Allen Rutherford.
Unfortunately the Norfolk Money line said that if I was going bankrupt my student loan would go in the bankruptcy which is what was planned at the time but I didn't have enough money to go bankrupt so didn't defer the loan. Later I assumed that my solicitor would deal with Student Loans as he was dealing with housing, maintenance for my children, and utilities bills but it appears that Student Loans did not receive any advice whatsoever from him so my arrears built up.
Now I am 51 and I thought I would be eligible for writing the debt off but Student Loans have sent some of my loans to Thesis Servicing and have retained some themselves.
They are now chasing me even though I am paying them £100 a month. They claim that the 'agent' who was dealing with the payment has now stopped paying them but when I checked with Thesis Servicing they tell me they receive an SLC agency cheque for £57.31 each month. I have told them I want to know where the remainder of the money is going but they refuse to enlighten me and continue to harass me saying they want more money from me.
I eventually went bankrupt in 2007 April and was discharged in October 2007 as there were no funds to give the debtors. I don't know where to turn. Advice please?

aah

Hi there

I am in a quandary. I have started on a two year PGCE last September and tried to find out from the UNI whether there was any slc funding for this course - they didn't know.

I have now been advised that the SLC will fund this course and that I should apply, but I don't know if they will and don't want to go through the hassle if they won't. Can anyone help?

Many thanks

aah