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Student loan cleared

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  • No_Future
    No_Future Posts: 334 Forumite
    If they do owe you. push them for interest on it as they'll take their time to pay up, in fact will probably hang out until end of tax year, so nearly a full 12 months. Go for 5% gross minimum!
    Oooh, good to know for future
  • mmsparkle
    mmsparkle Posts: 29 Forumite
    Well done Ringo!
    Must indeed be an efficient aco!!!!! dept - I paid off my loan in April and despite letters phone calls etc the IR is still taking money out of mypayslip!
    Unbelievable. I think I'll ask for interest on the money when I finally get it, as someone further up this thread suggested.
    Thanks for your post - it's given me hope!
  • tr3mor
    tr3mor Posts: 2,325 Forumite
    Cummulative interest sucks, even if it's "only 3.2%". I wonder what the average TOTAL repayments is for student loans.. not what the debt is straight after graduation.

    Ah, but compound interest if you put the same money into a decent paying savings account would very much outweigh this, and you'd have lots of money already for your house deposit!
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