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Paid off plan 2, still not showing as cleared
Hi :) I had 2 student loans- plan 1 and plan 2. Plan 2 was paid off, and I continue to pay plan 1. My problem is, plan 2 is still showing on my online account and repayments continue to go to it, leading to a credit balance. I have spoken to slc and explained and they've said it all balances out and my plan 2 payments are going to plan 1, but interest is still accruing!
Comments
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It may reset at the end of the financial year.
I'm a Forum Ambassador on the housing, mortgages & 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 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.0 -
Thankyou, it hasn't. Anyone else experienced this? I have made a complaint to slc. Hopefully they'll get back to me
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The end of the financial year is 5 April 2026. We haven’t reached there yet.
I'm a Forum Ambassador on the housing, mortgages & 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 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.0 -
This has been the case for a few years. Last financial year it didn't clear. It has remained open. I've made a complaint to slc.
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