Student Loan Direct Debit

After an overpayment my student loan is now (by my rough calculation) down to approximately 20 months left.

I understand once it gets to 23 months or below there is the option to switch to DD. Do I need to wait to be contacted or will they do this over the phone now if I call them? 

If I need to wait for them to get in touch how long roughly do they take?

Thanks

Comments

  • silvercar
    silvercar Posts: 46,722
    Academoney Grad Name Dropper Photogenic First Anniversary
    Ambassador
    I would suggest phoning them, you could be waiting many months.
    I'm a Forum Ambassador on The Coronavirus Boards as well as the housing, mortgages and 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 [email protected] (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • IAMIAM
    IAMIAM Posts: 1,185
    First Anniversary First Post Name Dropper
    Forumite
    I am same situation. I paid it down from 7k to 2k on plan 2 and rang. They agreed to DD and I will start paying 1st June £150 and clear in 18 months. To be honest, I probably will pay it all off in 6 months time....
Meet your Ambassadors

Categories

  • All Categories
  • 341.4K Banking & Borrowing
  • 249.6K Reduce Debt & Boost Income
  • 449K Spending & Discounts
  • 233.5K Work, Benefits & Business
  • 605.5K Mortgages, Homes & Bills
  • 172.3K Life & Family
  • 246.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards