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Student Loan Overpayment ? Mortgage Style and Plan 1 repayments = 7% of 'Gross' Salary!!!

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Student Loan Overpayment ? Mortgage Style and Plan 1 repayments = 7% of 'Gross' Salary!!!

edited 7 April at 10:59AM in Student Money Saving
tigerpants_2tigerpants_2 Forumite
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edited 7 April at 10:59AM in Student Money Saving
  Wondering if anyone could please advise? 

After some 22 years, I last year hit the earnings threshold for repaying student loans taken out in England in the late nineties. 

I studied again in Wales from 2002 until 2006. 

I am now paying nearly 7% of my 'gross salary' in student loan repayments and was wondering if anyone had any advice on reducing these payments or whether I have cause for complaint?           

1997 = £53.60 per month - Thesis Servicing - Direct Debit 
1998 -1999 = £88.59 per month - Erudio Customer Management - Direct Debit    

2002 - 2006 = £100 per month - Plan 1 I believe - Deducted directly from salary

Total repayments = £242.19 per month

The early loans would have been wiped in 3 years... I considered dropping a day at work but felt this would affect pension contributions.

I am nearly 3 years into an IVA and this is now affecting affordability on that arrangement - If it wasn't for fuel savings made because of Covid -19 I would be really struggling now.

Any advice would be appreciated. 

If I were a student today I believe I would only pay 9% on earnings over 26k        
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