Student Loan repayment 14 September 2020 at 9:38PM in Student MoneySaving 1 reply 31 views

bfc1882uk

Hi there,
I’ve started receiving emails/ letters from SLC saying that I have nearly repaid my loan and in order to avoid over paying I should ring to set up a direct debit instead of it being taken from my salary. Has anyone else done this? Is it a good idea? Any advice?

silvercar

Definitely a good idea. Otherwise you risk the salary deductions continuing for a few months after you have finished repaying and then having to wait for a refund.
Do make sure that you are actually speaking to slc and not a spammer!