Help With Student Loans - HERE!

woj101

Hi, I need some advice/help regarding my student loan.

I started a PGCE last September but decided against completing it in March and deferred my course indefinitely.

Shortly afterwards I was contacted by SLC saying that because I had suspended my studies they had overpaid my loan installment by about £400. For a while I just ignored the letters because I wasn't in work and didn't think it was much of a big deal. But now I have just found a letter saying if I haven't paid it by this week they will start court proceedings.

But I'm still out of work and not in a position to pay this money. I can't understand why it doesn't just get added to the total amount I owe from my undergrad days.

I guess, of course, I need to ring them, but does anyone know where I stand? Can I just get it added to my account?

Thanks very much.

student_advisor

woj101 wrote: »

Hi, I need some advice/help regarding my student loan.

I started a PGCE last September but decided against completing it in March and deferred my course indefinitely.

Shortly afterwards I was contacted by SLC saying that because I had suspended my studies they had overpaid my loan installment by about £400. For a while I just ignored the letters because I wasn't in work and didn't think it was much of a big deal. But now I have just found a letter saying if I haven't paid it by this week they will start court proceedings.

But I'm still out of work and not in a position to pay this money. I can't understand why it doesn't just get added to the total amount I owe from my undergrad days.

I guess, of course, I need to ring them, but does anyone know where I stand? Can I just get it added to my account?

Thanks very much.

You are definitely going to have to bite the bullet and contact them I'm afraid.

I also left a PGCE course and was overpaid by >£1000; however this has not been requested back and I assume it's been stuck on my student loan.

You will need to explain your situation to them. If you are out of work and claiming benefits, you may need to provide proof. Explain why you no longer have the money (maybe you have been ill etc and spent it, or did not realise you had been overpaid until it had gone) and ask for it to be added to your outstanding loan.

It might be advisable for you to contact your previous uni and talk to their student welfare advisor (or similar) as they can negotiate with the SLC on your behalf.

Work out a budget and see if there is any way of making some repayment.

Also, are you claiming out-of-work benefits? If not, you should be. Contact your local JCP (who probably won't be that helpful) or again, talk to your uni's advisors.

ahw

Hi, I'm a PhD student in my second year. I took out a career developement loan to fund it as I worked and studied part time. I pay roughy £100 to this every month and I also have an overdraft with Abbey Nat and RBS at £2000 a piece (all of this has gone to fund my studies as I'm not elegible for student loans). At the moment I am working but my contract finishes end aug when I go to Korea on fieldwork for a year and am not allowed to work (as stipulated my the visa from the sponsored Uni in Korea). Obviously for the next year becuase of this situation and returning to full time educatio, I am still not funded and nothing will be going in or coming out of the accounts. What can I do? I've never had a credit card and when I applied for one it was denied due to sharing the same initials and address for my deceased mother who had various outstanding debts, some of which I cleared and others which where listed against the address and assumed to be mine. Experian said that they have corrected this on my credit report and the idea of getting one to at least keep the banks at bay and move some of the debt around sounds tempting. So far my communications with Abbey have fallen on deaf ears. Can anyone help?

Jo_King

Hi. A very quick question to see if anyone knows the answer. I have three years of student loans from way back 1995-1998 (in the early days) totalling around £5000 now. I've never met the minimum salary requirements for repayment, and, given some recent career choices, I'm not likely to in the next 10 years.

I've been told that if you reach 40 (10 years away) without reaching the minimum salary requirement, the debt will be written off. Does anyone know if this is right, or should I start thinking about paying them off out of my tiny salary now?

mhoc

A question and a moan.

We have just been completing on line the parental bit of my eldests application for student loan. I have no income just the family allowance, cant remember what it is callled now but do I put this on the form as my income. It is in my name. Also family tax credits, do we also include these?

then it came to doing my husbands section it said we needed to include figures from his P60, the end of the tax year form that your employers send and also the P11D form which has your taxable allowance figure and both these would need to be sent off as evidence and thye would give us an address to send them off to.. The P60 I found straight away, no problem so I filled in those figures and found an envelope ready to send it off.

But the P11D was missing, spent ages turning everything inside out, convinced I'd not had it. I rang the tax office but they said thaey couldnt send me a replacement. Ffinally rang the wages office but they had finished for the day, have to ring in the morning to see if I could get a replacement. Then after much trawling through old paperwork I found an old PIID so I could at least put a figure in the box - it is one that never changes. Then I thought at least its done and I can sort it out in the morning.

Finally I pressed submit and it said you dont have to send off evidence :mad:

Chalky87

Hello everyone,

I applied for the finance for my 3rd year of Uni a few months back. And got a response stating they would be giving me a couple of grand as I requested. My third year is a placement year, and I will now be moving out of home, and so require some more cash to help with my living costs etc.

Can anyone tell me if I would be allowed to apply for further finances from the SLC, due to my change in circumstances? (When I originally applied I thought I would be staying at home and stated this in the application).

student_advisor

mhoc wrote: »

A question and a moan.

We have just been completing on line the parental bit of my eldests application for student loan. I have no income just the family allowance, cant remember what it is callled now but do I put this on the form as my income. It is in my name. Also family tax credits, do we also include these?

then it came to doing my husbands section it said we needed to include figures from his P60, the end of the tax year form that your employers send and also the P11D form which has your taxable allowance figure and both these would need to be sent off as evidence and thye would give us an address to send them off to.. The P60 I found straight away, no problem so I filled in those figures and found an envelope ready to send it off.

But the P11D was missing, spent ages turning everything inside out, convinced I'd not had it. I rang the tax office but they said thaey couldnt send me a replacement. Ffinally rang the wages office but they had finished for the day, have to ring in the morning to see if I could get a replacement. Then after much trawling through old paperwork I found an old PIID so I could at least put a figure in the box - it is one that never changes. Then I thought at least its done and I can sort it out in the morning.

Finally I pressed submit and it said you dont have to send off evidence :mad:

Child benefit and tax credits should not need to be included :T

student_advisor

Chalky87 wrote: »

Hello everyone,

I applied for the finance for my 3rd year of Uni a few months back. And got a response stating they would be giving me a couple of grand as I requested. My third year is a placement year, and I will now be moving out of home, and so require some more cash to help with my living costs etc.

Can anyone tell me if I would be allowed to apply for further finances from the SLC, due to my change in circumstances? (When I originally applied I thought I would be staying at home and stated this in the application).

You need to either ring them (or you Local Authority) or download and fill in a change of circumstances form from here

They should reassess you for these new circumstances and alter your award accordingly.

moonmoon

great help,yhanks..

Bubbles101

Hi I was wondering if anyone knows an estimate of how long it takes to process loan applications? I'm in my second year from september and sent my application online on the 15th of July. Last year it was about two weeks.