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Should I be concerned about my student loan?

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  • bradders1983
    bradders1983 Posts: 5,684 Forumite
    1,000 Posts Third Anniversary Name Dropper
    MalMonroe said:
    Maybe I don't have enough to occupy myself during lockdown, but this is just something that occurred to me:
    I graduated back in 2003 and had a student loan - to be honest I have never really given it a second thought since then. I've always worked on a PAYE basis and a payment just gets taken from my pay packet automatically every month and I just view it as an extra tax and ignore it. It's just occurred to me that I have no idea how much I still owe, or when I might be due to pay it off - I haven't had a letter from the SLC in years (probably because I've moved address multiple times since graduating), as far as I know I don't have an online account with them, I did try calling the SLC number but after a few minutes on hold decided not to bother - I'm not sure how I would prove who I was to them anyway seeing as I don't have an account number or anything.
    I suppose my question is, is there a danger that the SLC could keep taking money from me after I've paid off the balance if I don't keep an eye on it? Should I be updating them with my new address etc?
     To my knowledge, student loan repayments have always been by PAYE
    Incorrect.
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