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Student Loans Deferment (Before 1998)
LoobyLou33
Posts: 1 Newbie
in Loans
Hi all,
I've recently submitted an application to defer my student loan as my salary is just under the current threshold (pre-1998 style). I have received a letter today and it looks like my deferment has been rejected because I receive a car allowance. Surely the car allowance is classed as a benefit, because it pays for my car that I need for my job role? My job also gave me the option of choosing a company car, which would not have taken me over the threshold. If I had known I would have taken the company car.
I am now worried that I won't be able to keep up the payments on my car that I need for work. Also, last year they deferred my loan and I was in the same situation as I am this year.
Any advice would be appreciated.
Many thanks
Lucy
I've recently submitted an application to defer my student loan as my salary is just under the current threshold (pre-1998 style). I have received a letter today and it looks like my deferment has been rejected because I receive a car allowance. Surely the car allowance is classed as a benefit, because it pays for my car that I need for my job role? My job also gave me the option of choosing a company car, which would not have taken me over the threshold. If I had known I would have taken the company car.
I am now worried that I won't be able to keep up the payments on my car that I need for work. Also, last year they deferred my loan and I was in the same situation as I am this year.
Any advice would be appreciated.
Many thanks
Lucy
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