SLC chasing money

Left university in 2002, I moved to the USA in 2011. Since leaving the UK I've paid nothing back to the SLC. Today i have received a letter to my UK registered address asking for me to update my income by providing my salary information etc....

Having done some research I'm on plan 1 of the student loan system, and that requires i repay 9% of the money i earn above the threshold. That's a lot of money to repay each month when I have a mortgage, health insurance, dental insurance, cars, kids, etc etc....

If I reach out to them and explain my other outgoings are they accommodating and willing to reduce the monthly repayments?

Im afraid to contact them.

Comments

  • silvercar
    silvercar Posts: 46,915 Ambassador
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    It is what you agreed to when you took the loan. The threshold will be adjusted for the country you live in, so this may help if the USA has higher cost of living than the UK.

    This won't go away, better to deal with it than forever hide.
    I'm a Forum Ambassador on The Coronavirus Boards as well as the housing, mortgages and student 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.
  • silvercar
    silvercar Posts: 46,915 Ambassador
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    Here is the table of overseas thresholds:

    https://www.studentloanrepayment.co.uk/portal/page?_pageid=93,6678668&_dad=portal&_schema=PORTAL#u

    You can see the USA threshold is £18,935. The last column shows the monthly repayment if you don't declare your income, for the USA it is £246. That is the amount you should be paying if you didn't declare your income. I suspect that is what they will want to collect in arrears, going back to whenever you disappeared off their radar.
    I'm a Forum Ambassador on The Coronavirus Boards as well as the housing, mortgages and student 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.
  • sazaccount
    sazaccount Posts: 537 Forumite
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    Whoa, I'm surprised they have not been chasing you long before now if you left in 2011, I get letters/emails now a month after my last UK pay, you have a couple of choices about letting them know how much your getting paid, a signed contract, 3 months worth of payslips or 3 months worth of bank statements. If you pay has gone up since you signed a contract (with your pay on it) then possibly send that. but its 9% anything over $23 500 USD when I worked in NZ in a ok paying job it amounted to a grand total of 9 GBP a month
    Thanks to money saving tips and debt repayments/becoming debt free I have been able to work and travel for the last 4 years visiting 12 countries and working within 3 of them. Currently living and working in Canada :beer: :dance:
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