student loan repayments pro-rata of salary

surfsister

Hi

Just worked out after reading Martin's student loan stuff and reading around that the loan is repayable once the pro-rata salary reaches the threshold not the annual salary. i.e. if for one month you earn a large amount you would repay the loan. This seems unfair!

also seems very unfair that Scottish students don't pay student loans in scotland

Lokolo

That's how PAYE works. But if your annual income is less than the threshold, like income tax, you can claim it back.

agrinnall

surfsister wrote: »

Hi


also seems very unfair that Scottish students don't pay student loans in scotland

What do you mean by this? Scottish students repay loans in the same way as any other student, through the UK tax system. That may change if we vote for independence, although I seem to recall that we'll continue to use the UK system anyway.

surfsister

agrinnall wrote: »

What do you mean by this? Scottish students repay loans in the same way as any other student, through the UK tax system. That may change if we vote for independence, although I seem to recall that we'll continue to use the UK system anyway.

SCOTS STUDENT STUDYING IN SCOTLAND
What do I have to pay?

"Eligible Scottish domiciled students studying full-time in Scotland are not required to pay tuition fees if studying for a first degree or equivalent.:

surfsister

Lokolo wrote: »

That's how PAYE works. But if your annual income is less than the threshold, like income tax, you can claim it back.

O'h I see do you need to claim or is it automatic?? just a big bonus and pay rise made the month much more than usual!

Lokolo

surfsister wrote: »

O'h I see do you need to claim or is it automatic?? just a big bonus and pay rise made the month much more than usual!

You will need to claim back, but usually its a waste of time unless its a significant amount.

http://www.studentloanrepayment.co.uk/portal/page?_pageid=93,6678775&_dad=portal&_schema=PORTAL

agrinnall

surfsister wrote: »

SCOTS STUDENT STUDYING IN SCOTLAND
What do I have to pay?

"Eligible Scottish domiciled students studying full-time in Scotland are not required to pay tuition fees if studying for a first degree or equivalent.:

Yes, but that's got nothing to do with repaying loans - Scottish students still take out maintenance loans, and repay them in exactly the same way as you do. The Scottish government has taken a decision not to charge tuition fees, if you have an issue with this take it up with your MP to ask for the same thing to be done in England (or move to Scotland for 3 years then study here).

surfsister

Lokolo wrote: »

You will need to claim back, but usually its a waste of time unless its a significant amount.

http://www.studentloanrepayment.co.uk/portal/page?_pageid=93,6678775&_dad=portal&_schema=PORTAL

thanks that's very helpful!