Help With Student Loans - HERE!

roxalana

untune wrote: »

Just a quick update to the above - after doing a lot of searching just now (including a flustered hunt for my passport which had gone AWOL) I've managed to track down my P60 for the 2006/2007 tax year and also a P45 from when I stopped claiming jobseekers allowance. Not sure about having a P60 for 2005/2006 as I started work in March 2006? Will check that out tomorrow.

I've also found letters about starting the claim for JSA and also the letter from when it was stopped just before my job started. I'm hoping that all this will meet the criteria they've asked for?

I was more worried about whatever study you were doing ruling you out.

In the absence of a P60 your best bet is your March wageslip as that will list the total earned to date. The JSA soudn like what I would expect to see, but the LEA will write to you if there is a problem

untune

Thanks again, typically the HR people arent in today so I'll wait til Monday but I think I've pretty much got the stuff I need (still not sure about the confirmation from employers of earnings part but I'll have to speak to them)

I'll get it all sent next week. I'm trying to just not worry about the whole thing as it was my 21st yesterday and i'm off out later

Cheers

SGL7KAL

Hi,

I've recently been refused an extension on my overdraft by HSBC because of a bad credit rating. I have a bad credit rating due to going over the limit twice, by £2.94 and £30.00 (after having payed for the entire flat's shopping!). The staff at the bank were bemused by this and phoned around, no one seemed to understand why I had a bad credit rating, even after that hassle however, I was still refused an extension.

They've assured me that I will be able to get the extension in a month or so as by then my credit rating should have risen signifigantly, unfortunately I won't even need it then, I need the extension right now.

Is there any way I can pressure them or convince them into giving me that extension?

If not, is there any way in which I could change bank accounts and transfer the current overdraft (almost maxed) into another account? (I was thinking Natwest).

Thanks!

no-longer-here

Hello,

I took out a student loan sometime after the 1999 watershed, and owe approximately £12500. I used this money partly to cover living costs, but mainly to pay for the tuition fees that had been introduced when I started university.

However, I have moved abroad and not bothered to tell the SLC about my move since I don't intend to pay back my loan. This is not due to financial hardship but more to do with my political opinion that the student loan system and tuition fees were just another way of taxing the british public, and because my parents had paid tax in the UK for their entire working careers and had to fork out for private education because the local state schools were only raising children to become uneducated manual labourers at best.

So, in summary, because I don't intend to return to the UK for the purposes of work, is there any way that the SLC would be able to discover my income and force me to pay back the loan? I presume that they have the same legal rights as any private lender... i.e. taking the plaintiff to either a county court or small claims court for defaulting on loan re-payments. Is this presumption correct?

Many thanks

rusty80

I commenced a degree in September 1998, I took out a Student Loan in both my 1st and 2nd years and unfortunately halfway through my last term of the 2nd year I left the course without my degree. At no point did I advise the SLC that I had left and just left it at that. At this point in time I was informed that the earnings threshold for leavers who do not complete their studies was £10k, I am unsure if this was\is the case. By the 3rd ish year after leaving uni I was definately earning above the £15k threshold yet did not commence paying back my loan via PAYE. I have not received regular annual statements since leaving, I would estimate i've had 4 or 5 in the 8 years since. I have now had an annual statement and noticed the increase in interest rate, I have also been informed that the Inland Revenue may well be entitled to interest on the sums I should've been paying. Who's responsibility is it to inform my employers to deduct SL payments? Is it my responsibliy to do this? and will I be penalised if I now do something about it? I am now a little worried that I may well be hit with a large bill from the Inland Revenue having yet to pay a penny back!!

jewels123

Hi there

Sorry if these questions have been posted before - I am dead in the middle of exams and haven't read the other posts

Just wondering...

1) What is the interest rate this year? I've heard from a few people that there isn't much point appluying this year because of the high interest rate.

2) I am a continuing student - I am aware I have passed the deadline - if I apply now, will I be likely to get the money at the start of the term?

Thanks you

da_genious

Hi there,

I have a student loan question on behalf of a friend.

She has a student loan which she doesn't have to pay yet as she's unemployed, and a full time house wife. She went abroad for a few months, during which time she received her deferment letters at her house here in the UK, she missed the deadline to send the forms back and is now in arrears.....
She is currently paying back £20.00 a month but being charged £10.00 everymonth so in effect she's only paying off £10.00 a month...........This has only just been mentioned to me, but for some reason it doesn't sound right..............Should she be paying interest even though her loan is now deferred? the arrears are around £900 odd. If it's wrong, can she claim her interest back?

Would appreciate any help......

Thanx in advance....

Chopper98

Can anyone tell me what happens with student loans if you emmigrate to another country? Whats the situation in terms of paying them off or how much you have to pay and when?

HereWeGoLoubyLou

Hi, I will try to write down as many details as I can

I went to uni in Spetember 05 and got a loan for that year, my course was supposed to be for 3 years, but I had to leave for a few years due to illness.

I am still ill now but after my next planned operation all should be well and I want to apply to uni to study nursing.

I am 23 and live at home with my mum, she supports me as I cannot work due to my current illness.

My questions are:

Can I apply for another loan from the student loans company? (as I have already had one but only for one year and had to leave due to illness).

Will the loan go off my mum's earnings as I am still living with her?

And anything else I should be aware of?

Thank you so much for reading this

bestpud

HereWeGoLoubyLou wrote: »

Hi, I will try to write down as many details as I can

I went to uni in Spetember 05 and got a loan for that year, my course was supposed to be for 3 years, but I had to leave for a few years due to illness.

I am still ill now but after my next planned operation all should be well and I want to apply to uni to study nursing.

I am 23 and live at home with my mum, she supports me as I cannot work due to my current illness.

My questions are:

Can I apply for another loan from the student loans company? (as I have already had one but only for one year and had to leave due to illness).

Will the loan go off my mum's earnings as I am still living with her?

And anything else I should be aware of?

Thank you so much for reading this

Do you mean you had to give up after a few months rather than years? (I'm assuming so).

There is four years finance available in most cases and the fact you gave up for health reasons means it is highly likely you will receive funding if you go back.

Yes, it will go on your mum's earnings as you have not been financially independent for three years. However, once you are 25, it will only be your income that is taken into account. So, if your mum is a high earner it may be worth hanging on until you are 25?

Another point that may be worth noting is that part time students earning under around £20k can get a grant now, which pretty much covers tuition fees, although not quite. You have to do at least 50% of a full time course though and you can't get the maintenance loan.