Help With Student Loans - HERE!

Starrystarrynight1

Does SLC have your daughter's up to date correspondence address? It seems odd that letters don't seem to be reaching her. Maybe she could use your address as her correspondence address?

I used to work overseas and was provided with housing. I never saw the money and it wasn't taxable on my side where it was paid, but I had to declare and pay tax on it here. With all due respect, I doubt there is going to be any way around your daughter excluding it from her income for repayment purposes. She'll just have to suck it up and repay the loan.

sheramber

It may not be 'earnings' but it is part of her remuneration.

Frank_King

Has the split contribution changed for 2018/2019? It was £1130 the last time I heard, but doesn't seem to have been increased for some time. My kids are just below the threshold to obtain bursaries, so any increase in the SC could make a difference of £1k/pa to them. Would be grateful to learn Fingers crossed!

Mrs_Arcanum

Frank_King wrote: »

Has the split contribution changed for 2018/2019? It was £1130 the last time I heard, but doesn't seem to have been increased for some time. My kids are just below the threshold to obtain bursaries, so any increase in the SC could make a difference of £1k/pa to them. Would be grateful to learn Fingers crossed!

University bursaries are based on the individual Universities criteria, typically only for those from households on low income.

Bursaries offered by parents employers are up to the employers to decide. Well worth looking in to if you are concerned about how much you can help your offspring financially.

Maintenance loans are based on Household income.

The only change that seems to have been announced is in income before Student loans start to be repaid. Going from £21,000 to £25,000. Everything else is still at 17/18 rates.

Laavre

Hi there,

I’m really confused about my current student loan and it’s been something that’s been weighing me down since I left. I had to finish University early in 2013 due to personal health reasons and I took precautions and asked the financial advisor at my uni if this would affect the way I repay my loans and he said it would be fine and I’d be treated as a normal finishing student (I.e I wouldn’t be paying anything back until I was earning above the threshold).

HOWEVER, SLC called me to tell me that I HAD to pay them back what is borrowed in grant costs and also pay back the university for a term from my own money because I’d left early. I honesty don’t really understand why this is so could you clear this up for me as to why exactly I’m penalised for leaving early? I can maybe understand the reasoning behind the grant payback but I’m utterly baffled as to why I’m having to pay a £9,000 university fee from my own pocket?

I’d love your help with this as the amount they take from me monthly is really taking it’s toll on my quality of living.

Ed-1

Laavre wrote: »

Hi there,

I’m really confused about my current student loan and it’s been something that’s been weighing me down since I left. I had to finish University early in 2013 due to personal health reasons and I took precautions and asked the financial advisor at my uni if this would affect the way I repay my loans and he said it would be fine and I’d be treated as a normal finishing student (I.e I wouldn’t be paying anything back until I was earning above the threshold).

HOWEVER, SLC called me to tell me that I HAD to pay them back what is borrowed in grant costs and also pay back the university for a term from my own money because I’d left early. I honesty don’t really understand why this is so could you clear this up for me as to why exactly I’m penalised for leaving early? I can maybe understand the reasoning behind the grant payback but I’m utterly baffled as to why I’m having to pay a £9,000 university fee from my own pocket?

I’d love your help with this as the amount they take from me monthly is really taking it’s toll on my quality of living.

As the full entitlement is to cover the full academic year (1st September - 31st August), you're only eligible for a fraction of the originally calculated amount based on the date you left. E.g. leave on the 250th day of the academic year, then your maintenance is recalculated as 250/365 x original amount.

For the tuition fee loan, you're only entitled to 25% of the maximum amount if you left in term 1, another 25% if you left in term 2, and the other 50% if you left in term 3.

grievesy11

Student finance recently sent me a grant I didn't expect and on the same day a letter saying i owed them way more than the money from the grant. I called them up and asked what was going on and they said someone had made a mistake i was allocated the 2016 entitlement instead of the 2012. Therefore they had given me too much loan and a grant. I now have to find a huge chunk of money to pay them back as well as the giving the grant back (which i am fine with). I don't have the money to pay back the overpayment, what will be the consequences of this repayment, will the interest be high? Will they pay me less next year so I get allocated less and then they take even more off it. Am i going to suffer because of there mistake over a year ago?

Also what logic is it to give me too much money and then give me even more?

Starrystarrynight1

Grievesey11, I think you'll need to contact them to ask for a written breakdown of how this occurred. There's not much anyone on here can tell you.

sim11

Anyone know about filling the Student Finance income forms out when on benefits. I am pulling my hair out with it. Esa income related with a carers premium. The issue i have is partner claims carers allowance, which is paid weekly on its own to partner. It is added as a premium on Esa but then deducted. Asked partner if he has ever had a P60, he cannot remember and i cannot find one amongst any of my paperwork.
Do i (A) do not put down carers, and just put it through as zero income
(B) put it down with the yearly amount for carers allowance for 2016/2017

Hoping someone else may have come across this themselves

Mrs_Arcanum

sim11 wrote: »

Anyone know about filling the Student Finance income forms out when on benefits. I am pulling my hair out with it. Esa income related with a carers premium. The issue i have is partner claims carers allowance, which is paid weekly on its own to partner. It is added as a premium on Esa but then deducted. Asked partner if he has ever had a P60, he cannot remember and i cannot find one amongst any of my paperwork.
Do i (A) do not put down carers, and just put it through as zero income
(B) put it down with the yearly amount for carers allowance for 2016/2017

Hoping someone else may have come across this themselves

You only get a P60 from employer based income from whatever source applies at the end of March each year. So someone on a work related pension will get a P60.

Try ringing Student finance for advice, they are pretty helpful. However, the questions on-line are not always clear, so I can understand your frustration. They are looking at "household" income so whatever pre-tax income comes into the house is expected to be included.