Erudio Deferment

I’ve been deferring my loans from 97 and 98 for some time now because I’ve never went over the threshold. 

However, deferment has come around again and I’ve found that I’m now over the threshold due to working overtime through Covid/isolations. Does anybody know if exceptions are made due to extraordinary circumstances or is it just tough and I’m now going to have to start repaying?

Thanks in advance 

Comments

  • Ed-1
    Ed-1 Posts: 3,883 Forumite
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    dave_t_4 said:
    I’ve been deferring my loans from 97 and 98 for some time now because I’ve never went over the threshold. 

    However, deferment has come around again and I’ve found that I’m now over the threshold due to working overtime through Covid/isolations. Does anybody know if exceptions are made due to extraordinary circumstances or is it just tough and I’m now going to have to start repaying?

    Thanks in advance 
    The threshold will rise again from 1st September so you may be eligible to defer at that stage.
  • Ed-1
    Ed-1 Posts: 3,883 Forumite
    First Anniversary Name Dropper First Post
    Just to elaborate on the above post, from 1st September 2021, "the deferment threshold for mortgage style loans will be £36,284." (Up from £30,646 this year.)

    https://www.gov.uk/government/news/student-loans-interest-rates-and-repayment-threshold-announcement--2
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