Student loan paid , refund query
I took out a few student loans around 30 years ago ...
All loans have been paid off because of late deferment payments .. i.e i had to pay back x amount each year because i was late in applying for a deferment because my income was below the threshold .
All my loan is paid off , .. but i have realised my income each was never above the threshold required to make repayments , only due to the fact that deferments could only be backdated for 3 months i think .
Would i be entitled to a refund given the circumstances ?
All loans have been paid off because of late deferment payments .. i.e i had to pay back x amount each year because i was late in applying for a deferment because my income was below the threshold .
All my loan is paid off , .. but i have realised my income each was never above the threshold required to make repayments , only due to the fact that deferments could only be backdated for 3 months i think .
Would i be entitled to a refund given the circumstances ?
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You can complain to them about it and see what they say but I wouldn't get any hopes up.
All the loan has been payed off now , (due to defered arrears) but i've realised that i never had an income above the threshold throughout the full period.
It's always worth having a go to see if you can have a refund, I think. Good luck - and don't give up because I know those student loans people are really very busy and take some time to get around to things but they do, in the end.
https://forums.moneysavingexpert.com/categories/student-money-saving
If you never reached the earnings threshold then your loans would never have entered repayment therefore it's impossible to have had any arrears. The only way you could have any arrears without reaching the earnings threshold is because the loan became repayable. The only way that could have happened is if the loan defaulted because, for example, you were late deferring.
As I said, put a complaint in and see what happens but don't get your hopes up.