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Student Loan liability & pension contributions
hatnezmaturestudent
Posts: 36 Forumite
Hi, I have two queries that I would appreciate advice on.
In October 2014, I started studying part-time degree using SFE loan. As long as I remained on the course I was not liable for repayments until April 2019. This October, I started the third year of the degree (out of six) with SFE loan but after three weeks had to defer the course for a year due to personal circumstances. I will resume study next year. I earn above the threshold. I also contribute 15% of my gross income towards a pension.
My queries are; Does deferral count as leaving the course (despite intending to resume next year) which means I am liable for repayment from April 2017? And if so, is the 9% over the threshold calculated before or after my pension contributions?
Many thanks
In October 2014, I started studying part-time degree using SFE loan. As long as I remained on the course I was not liable for repayments until April 2019. This October, I started the third year of the degree (out of six) with SFE loan but after three weeks had to defer the course for a year due to personal circumstances. I will resume study next year. I earn above the threshold. I also contribute 15% of my gross income towards a pension.
My queries are; Does deferral count as leaving the course (despite intending to resume next year) which means I am liable for repayment from April 2017? And if so, is the 9% over the threshold calculated before or after my pension contributions?
Many thanks
0
Comments
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You would be better asking your question in the Student Money Saving section of MSE:
http://forums.moneysavingexpert.com/forumdisplay.php?f=25I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Thanks I have done.0
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