MSE News: Started uni in or after 1998 and began repaying your loan 2002-2006?...

Former_MSE_Callum
Former_MSE_Callum Posts: 696 Forumite
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edited 1 November 2017 at 3:13PM in Student MoneySaving
The Government today formally restarted the process of selling off English student loans, after a delay of several months due to the general election. Here's what you need to know if your loan's being sold off...
Read the full story:
'Started uni in or after 1998 and began repaying your loan 2002-2006? Your loan's being sold'
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  • 2013yearofthehouse
    2013yearofthehouse Posts: 3,060 Forumite
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    edited 1 November 2017 at 12:16AM
    Article says: "The loans being sold are those taken out by English students who started uni in or after 1998 and started repaying between April 2002 and April 2006 (you start making repayments the year after you graduate, if you earn more than the repayment threshold)."

    Yet earlier today, on Twitter, Martin Lewis said: "No its for loans for people who started uni in 2002 - 2006 (eg if you started in 2001 even though you were there until 2004 its not you)"

    Someone at uni until 2004 would be eligible to start repaying in April 2005, which is between the April 2002 and April 2006 repayment dates of the article (and obviously starting in 2001 is starting after 1998 as per the article), so......which/who is correct?
  • Ed-1
    Ed-1 Posts: 3,890 Forumite
    First Anniversary Name Dropper First Post
    Article says: "The loans being sold are those taken out by English students who started uni in or after 1998 and started repaying between April 2002 and April 2006 (you start making repayments the year after you graduate, if you earn more than the repayment threshold)."

    Yet earlier today, on Twitter, Martin Lewis said: "No its for loans for people who started uni in 2002 - 2006 (eg if you started in 2001 even though you were there until 2004 its not you)"

    Someone at uni until 2004 would be eligible to start repaying in April 2005, which is between the April 2002 and April 2006 repayment dates of the article (and obviously starting in 2001 is starting after 1998 as per the article), so......which/who is correct?

    The first tranche to be sold covers loans that entered repayment in April 2002, 2003, 2004, 2005 and 2006, so for those that left a course from 6th April 2001 to 5th April 2006.

    https://www.gov.uk/government/news/government-launches-first-sale-from-the-student-loan-book
  • Ed-1 wrote: »
    The first tranche to be sold covers loans that entered repayment in April 2002, 2003, 2004, 2005 and 2006, so for those that left a course from 6th April 2001 to 5th April 2006.

    https://www.gov.uk/government/news/government-launches-first-sale-from-the-student-loan-book

    Thanks :)

    So Martin is wrong? :eek:
  • Ed-1
    Ed-1 Posts: 3,890 Forumite
    First Anniversary Name Dropper First Post
    Thanks :)

    So Martin is wrong? :eek:

    Just like he was wrong when he said freezing the repayment threshold was retrospective
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