Student Loans Company Income Contingent Loan advice

HW1983

Hello,

I took out a loan with the Student Loans Company when I started University back in 2001. Since graduating in 2004 I have been in continuous employment but have never met the threshold to make any repayments. In May this year my circumstances changed and I left employment to look after my two year old daughter.

Yesterday I received a letter from SLC informing me that HMRC had passed on that I was no longer employed and asking for evidence of how I support myself financially. Since I am married, my funds come from my husband's salary and I do not receive any benefits. However, the form I am to complete has me confused, as it asks for evidence of how I am supported by a 'third party' and how much I receive on a weekly, monthly or yearly basis. I feel I'm unable to answer since I'm not technically given a set amount of money to live on - my husband's wages go into our joint account and we pay for all outgoings as and when they arise.

Has anyone come across this before and have advice for how best to proceed?

Thanks in advance,
Helen .

andyfromotley

Ask on the student board maybe, or ring the finance company. Assuming that its SFE i have always found them helpful.

I have no idea what information you are required to give them but my natural reaction is to tell them to mind their own bloody business! I would assume that you have told them that you earn nothing, i would just repeat, my income is nothing, my partner pays for everything therefore like the queen, i have no use for money!!!

HW1983

Thank you - I wasn't aware there was a student board so I will look in there.

Apparently they need at least three months of bank statements to show that I have been financially supported whilst not in work, but since it's not three months since I left employment I'm not sure they will be of any use (or, as you say, any of their business!). I'm clearly not going to be getting enough to start paying off the loan!

I like the idea of being treated like the Queen and not carrying money....I'm not sure hubby would agree!

Thanks once again - I think my best bet is to give them a ring (and possibly confuse myself further!).

Forever

HW1983 wrote: »

Hello,

I took out a loan with the Student Loans Company when I started University back in 2001. Since graduating in 2004 I have been in continuous employment but have never met the threshold to make any repayments. In May this year my circumstances changed and I left employment to look after my two year old daughter.

Yesterday I received a letter from SLC informing me that HMRC had passed on that I was no longer employed and asking for evidence of how I support myself financially. Since I am married, my funds come from my husband's salary and I do not receive any benefits. However, the form I am to complete has me confused, as it asks for evidence of how I am supported by a 'third party' and how much I receive on a weekly, monthly or yearly basis. I feel I'm unable to answer since I'm not technically given a set amount of money to live on - my husband's wages go into our joint account and we pay for all outgoings as and when they arise.

Has anyone come across this before and have advice for how best to proceed?

Thanks in advance,
Helen .

Not applicable.

HW1983

Thank you for your reply - I think my best bet is to give them a ring. It does say in the letter that they will be in touch every year to make sure my circumstances haven't changed...I would have thought if the HMRC told them I wasn't working it would be easy enough to tell them if I am?!

neilvw

HW1983 wrote: »

Thank you for your reply - I think my best bet is to give them a ring. It does say in the letter that they will be in touch every year to make sure my circumstances haven't changed...I would have thought if the HMRC told them I wasn't working it would be easy enough to tell them if I am?!

This is just a guess, but HMRC now collect payroll information every payday from employers. This might have been the source of the info. However, not every employer runs a proper PAYE payroll, hence the need to contact you every year.

[Deleted User]

I received the same letter a few months ago. I decided to ignore it and nothing more came of it. I hope that helps anyone else who receives it!

CLAPTON

[Deleted User] wrote:

I received the same letter a few months ago. I decided to ignore it and nothing more came of it. I hope that helps anyone else who receives it!

why won't a responsible citizen respond to a reasonable request for info about money you borrowed from taxpayers?