Help With Student Loans - HERE!

noodlebutty

I need to fill in my loan deferrment form but am not sure about how to do it. This is my situation;

I receive child benefit, and also working tax credits because my husband works, I have no other income for myself. I have a joint bank account with my husband into which these benefits go and he also pays in a monthly amount by standing order from his own bank account to cover the mortgage and household bills.
These are my questions;
Do I need to go to the local DWP office for a stamp to verify the child and tax credits?
Does my husbands income count as third party support? If so, do I need to add any bank statements from our joint account? Will his income taken into account?

Any advice much appreciated.

martin84

noodlebutty wrote: »

I need to fill in my loan deferrment form but am not sure about how to do it. This is my situation;

I receive child benefit, and also working tax credits because my husband works, I have no other income for myself. I have a joint bank account with my husband into which these benefits go and he also pays in a monthly amount by standing order from his own bank account to cover the mortgage and household bills.
These are my questions;
Do I need to go to the local DWP office for a stamp to verify the child and tax credits?
Does my husbands income count as third party support? If so, do I need to add any bank statements from our joint account? Will his income taken into account?

Any advice much appreciated.

you have to if you put it down on the form:o ,
its a deferment form only, anything you put down on it has to have evidence,
if your deferment is due up soon, the easiest way to do it is.
Fill in the form but do not put down any household income, only tick the box that your on thrid party support, (get your husband to write a letter which you enclose with the form) to say that he is financially supporting you and giving you no more than £2034 per month. get him to sign and date the form and thats it . the other way is if you get the benefits and tax credits into the bank account send in a copy of th bank statement no more than 3 months old. if he gets paid into that account to send in his payslips showing for all the payments that would show on the bank account. you would also have to send in your tax credit award letter, to prove what you get for your tax credits.

the first option is alot more hassle free.
if you have anything else to ask, you can either pm me or put it on here

BobLobb

My situation is complicated.

I have loans from between 1992 and 1998, with arrears.

Initially i deffered as i could; then i got into financial hardship (2003)
My IVA was not able to go through as SLC and Barclays would not except the initial terms. (2004)

I have paid off all my other debts, but the SLC continued to add the arrears, as i made nominal payments to cover the interest and sometimes a bit more.

Also i suffered from an undiagnosed mental health problem from 1990 onwards - medical records show numerous breakdowns and now as the issue has been recognised since 2005 counselling and medication.

However it is recognised that this illness caused issues in my personal life resulting in a) loss of jobs b) extended time to get my degree c) inability to manage personal finances et al over time.

Despite being ill, i work and thus while i am able to gain counselling and treatment i am not registered disabled.

Thus i am not able to have my loan cancelled, which is fair enough.

However am i able to obtain other relief based on evidence? I believe this would be under section 9 of the SLC Education Act.

Advise appreciatted, as i currenty don't see any assistance coming from the SLC with providing relief and see court as the only option, where the judge will see the medical evidence....

lisle

hi there
i have just read this statement on the student finance direct site & wondered if someone could clarify it for me:-

If you have been identified as a PAYE or Self-Assessment repayer, interest accrual will be suspended from the start of the tax year until the end-of-year repayment details are received from HM Revenue and Customs (HMRC) (formerly the Inland Revenue). Interest for the previous year will then be calculated and applied to your account retrospectively upon receipt of your repayment details.

Thank you in advance

beediebeedie

I have a student loan that I will now be repaying via my wages, however I would like to know whether or not it is a good idea to repay more voluntarily?

I will be paying back £54 via my wages for at least the next 3 years, which is a petty amount!

I currently owe £12,600 and am accumulating interest at around £50 per month! In September the Government doubled the interest rate from 2.4% to 4.8%!!

I realise that this is the cheapest loan that I will ever get, however my balance is increasing by £50 each month, and I do not know whether it would be smart to pay some off. What would you advise? Thank you

BruceyBonus

beediebeedie wrote: »

I have a student loan that I will now be repaying via my wages, however I would like to know whether or not it is a good idea to repay more voluntarily?

I will be paying back £54 via my wages for at least the next 3 years, which is a petty amount!

I currently owe £12,600 and am accumulating interest at around £50 per month! In September the Government doubled the interest rate from 2.4% to 4.8%!!

I realise that this is the cheapest loan that I will ever get, however my balance is increasing by £50 each month, and I do not know whether it would be smart to pay some off. What would you advise? Thank you

The loan will be 3.2% next year.

Remember you could be getting 6.5% interest in a savings account. Compared to 4.8% interest on the loan, I'd stick the money in a savings account and keep the loan.

mayb_2

Good advice Brucey - I think Alliance and Leicester are paying a bit more than that at the moment with a cash ISA - see main site for best places to put your money. The bonus there is you could use your savings towards a house purchase or something equally important later on as it is still your money. Pay it to the student loans company and it is gone forever.

aat_2

Hi, I'm wondering about my elegibility as a Scottish student. I moved with my parents to Sweden when I was 16, then spent 2 years after working and travelling, therefore I can't say in the form that I was 'ordinarily resident in the UK since 2005'. My parents left quite a few years ago, so I can't say so for them either.

I called the SAAS and the guy said perhaps I should apply for elegibility as an independent student, but I have only been independent for 24 months of the 36 they require (no kids, no partner or anything that would exempt me from this). Is it worth trying, and would I get the same loan as a dependent student?

Thanks!
aat

The_One_Who

Sweden is a member of the EU, right? So you might be classed as an EU student. This would also give you free tuition fees in Scotland, as far as I understand it. Although, I don't know the requirements for it, but could be worth a look.

robnye

The_One_Who wrote: »

Sweden is a member of the EU, right? So you might be classed as an EU student. This would also give you free tuition fees in Scotland, as far as I understand it. Although, I don't know the requirements for it, but could be worth a look.

if thats the case,then english students would also be classed as EU..... yet they have to pay course fees....... :mad: