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Struggling with Student Loan Repayments
lixhul
Posts: 110 Forumite
Hi guys, I have all 3 plans: Plan 1, Plan 2, and Post Graduate.
My student loan repayment is just as much as my national insurance. On a £37K salary I am paying £206 a month in payments. On top of National Insurance, Income Tax, Pension, and CSA, it's around half of my income is gone before I get it.
Is there anything I can do to reduce the student loan repayment please, or is there absolutely nothing?
Thank you.
My student loan repayment is just as much as my national insurance. On a £37K salary I am paying £206 a month in payments. On top of National Insurance, Income Tax, Pension, and CSA, it's around half of my income is gone before I get it.
Is there anything I can do to reduce the student loan repayment please, or is there absolutely nothing?
Thank you.
0
Comments
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Nothing can change the amount you pay beyond the amount you earn, they are fixed and set out in legislation.lixhul said:Hi guys, I have all 3 plans: Plan 1, Plan 2, and Post Graduate.
My student loan repayment is just as much as my national insurance. On a £37K salary I am paying £206 a month in payments. On top of National Insurance, Income Tax, Pension, and CSA, it's around half of my income is gone before I get it.
Is there anything I can do to reduce the student loan repayment please, or is there absolutely nothing?
Thank you.
You could always post an SOA on the Debt Free Wanabee section of the site so that they could help you with other costs.
https://www.lemonfool.co.uk/financecalculators/soa.php
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That calculation looks correct.I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, 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.1
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