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Student Loan repayment
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bfc1882uk
Posts: 6 Forumite
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?
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?
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Comments
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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!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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