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Finally Paid off Student Loan: Question..

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I made my final payment to the student loans company on tuesday - feels amazing to have this weight lifted.

Question is, should I expect another bill from them as they only calculate interest at the end of the financial year?

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    How are you paying? Through Direct Debit of through PAYE?
  • Lokolo wrote: »
    How are you paying? Through Direct Debit of through PAYE?

    Made some contributions during 2013/14 via paye, I then changed jobs and became self employed, Jan this year I made a payment through self assessment as for 2013/14, & one tuesday I decided to make a one off payment to clear the balance on the slc website
  • Poolie
    Poolie Posts: 1,882 Forumite
    Did you ring them and ask for a Settlement Figure? If so, the interest would have been calculated to clear your loan that day.

    If you used an estimated or statement figure, then there will be some residual interest.
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