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How to check if I need to pay back student loan?
Beyou
Posts: 47 Forumite
Hi I have noticed that I have had some money taken off me this month (for the first time) from student loan but I didn't think I would as I only earn 5p more than the minimum wage (£8.26 and I work 40 hours per week). I have worked overtime this month but still didn't think I earned enough to have student loan deducted. My income was around £1866.76 this month (before deductions are taken off). Usually my income is around £1300 (before deductions are taken off).
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My income was around £1866.76 this month (before deductions are taken off).
This would lead to a student loan repayment of around £25 on plan 1, nothing on Plan 2 and about £6 on a post grad loan.I'm a Forum Ambassador on the housing, mortgages & 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.0
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