If I move abroad do I still have to pay off my student loan?

farso

The_One_Who wrote: »

Can't afford a child? Don't have one? Really, and what if the family's situation changes. A parent becomes ill or redundant? The child becomes seriously ill and a parent is needed to care for him/her? There are any number of scenarios.

Perhaps you wont be avoiding you student loan repayments because you actually arent getting a degree by the looks of your reading skills. I have mentioned that i am not against providing for people on hard times.

Anyone else need lessons in reading?

xara

farso wrote: »

Perhaps you wont be avoiding you student loan repayments because you actually arent getting a degree by the looks of your reading skills. I have mentioned that i am not against providing for people on hard times.

Anyone else need lessons in reading?

No but I think you may need one in morals. Cant afford a child then dont have one? Theres a reason why its called a loan - that you eventually pay it back. Cant pay it back then dont get one! Im shocked at some of the posts, wouldnt ever even dream of not paying my loan back. More than anything its morally wrong and is basically stealing.

Also I think the OP maybe one of those people who start stupid threads to get people to argue.

The_One_Who

farso wrote: »

Perhaps you wont be avoiding you student loan repayments because you actually arent getting a degree by the looks of your reading skills. I have mentioned that i am not against providing for people on hard times.

Anyone else need lessons in reading?

Thanks, I'd better phone up my uni and say I'm not coming back.

People have children at lots of different times in their lives, sometimes it might be an accident. I believe all parents get some sort of child benefit (not being an expert, I'm unsure on this though) and get some allowances. Benefits don't really have anything to do with student loans though.

I wouldn't max out a credit card and take out loans just to do anything to avoid paying it back. It isn't your money. You are borrowing it. You understood the conditions of it when you took out the loan.

durhampoker99

The_One_Who wrote: »

Thanks, I'd better phone up my uni and say I'm not coming back.

People have children at lots of different times in their lives, sometimes it might be an accident. I believe all parents get some sort of child benefit (not being an expert, I'm unsure on this though) and get some allowances. Benefits don't really have anything to do with student loans though.

I wouldn't max out a credit card and take out loans just to do anything to avoid paying it back. It isn't your money. You are borrowing it. You understood the conditions of it when you took out the loan.

You idiot, that's exactly what the OP is asking...what the conditions are of the loan! It's not like "any other loan", as other idiots have been saying, because of its nature (paying back as a % of UK income, how many other loans are like that?!). It's a perfectly legitimate question to ask "if my UK income is £0 do I need to repay my loan?", the OP isn't asking for a lesson in morals from some wishy-washy socialists, give him an answer.

It seemed somebody did post a link earlier in the thread, answer apparently is no (without breaking the law - which you shouldn't do). End of discussion.

farso

xara wrote: »

Also I think the OP maybe one of those people who start stupid threads to get people to argue.

or perhaps, people look for things in perfectly good threads on how to maximise our money (what this forum is all about - and indeed there are already two about large loopholes in which to exploit) and start fault with things.

As a wise man once said "There are no stupid questions, just stupid people" - Mr Garrison. I believe that many of you have demonstrated this to its fullest extent for me, and I thank you for that.

farso

The_One_Who wrote: »

Thanks, I'd better phone up my uni and say I'm not coming back.

Im guessing that is the single best idea that you have had in your whole life.

The_One_Who

durhampoker99 wrote: »

You idiot, that's exactly what the OP is asking...what the conditions are of the loan! It's not like "any other loan", as other idiots have been saying, because of its nature (paying back as a % of UK income, how many other loans are like that?!). It's a perfectly legitimate question to ask "if my UK income is £0 do I need to repay my loan?", the OP isn't asking for a lesson in morals from some wishy-washy socialists, give him an answer.

It seemed somebody did post a link earlier in the thread, answer apparently is no (without breaking the law - which you shouldn't do). End of discussion.

I am not in discussion with Neak (the OP), but Farso and have told him what we think of his idea of avoiding repaying the loan and his views on "benefit scroungers". We have said that to get information for different countries you would need to ask the SLC.

It is a loan like any other loan in that it needs to be repaid. It just has more favourable repayment terms. The point of this thread was to ask if they needed to continue repaying if they moved abroad, the answer is yes.

Oh, and I'm not a socialist. I'd say more Conservative, if anything. Having morals and obeying the law doesn't make you a socialist.

farso wrote: »

Im guessing that is the single best idea that you have had in your whole life.

Ouch.

Flower08

durhampoker99 wrote: »

You idiot, that's exactly what the OP is asking...

And who exactly are you to sit there calling people you dont know idoits?

This thread is just getting rediculous now - at the end of the day yes you may be able to get away with not paying anything on your student loan if you move to another country. But is also depends on your morals, oh and just remember the grass isnt always greener.

nuttywoman

terrimolo wrote: »

I don't really think the OP was looking for your opinions on whether or not you approve of his behaviour. He came on this site, to look for some information and wanted people to help him, if they already had that information.
Not many previous posts were in any way helpful, nor are they likely to change the OP's mind about avoiding his repayments.

Anyway, down to business, a cousin of mine hasn't given the SLC an address for several years, and recently moved to Korea. He has not paid back any of his loan and has no intention of doing so. His employer in Korea has no interest (haha, gettit?) in whether he pays it. Basically, what I'm saying is, no, if you move abroad, you're probably not going to have to pay back your student loan while you're there. Maybe if you come back to the UK and are looking at getting a mortgage, (then I'm not sure) maybe it will become an issue for you. My advice would be, go for it, unless the SLC becomes ridiculously revamped and actually starts to pay attention, you'll be fine.

My daughter went to uni to get degrees in languages so she could work abroad. She too spent 12months in South Korea, now she`s in Europe.
Of course people who do degrees in languages etc don`t expect to work just in the UK, otherwise why do unis run the courses?
She`s not earned enough yet to start paying back her loan.

epiphone_2

Hi, I contacted the Student loan company via telephone and said I was living abroad (but not for how long) and they updated my address details. They then instructed me to fill in the "Overseas Income Asdessment" Form which I did giving my current Gross Salary and also last 3 pay slips and also detailing that the date I started work was 2005.

I got my monthly payment as 234 pound, but this was not calculated from my wages, as they didnt recieve my fax, this is a standard monthly repayment for overseas customers who dont provide salary information..

So sent my salary information and slips again but they ARE calculating it on my German Gross pay. But the 9% of my Gross pay is still over 200 quid. I guess that is correct, but then they are not taking into acount the higher gross pay due to higher taxes here in Germany compared to England.

They said, that I have to get letter of salary from Employer, to show that I get taxed 50ish% here in Germany. Dont know why my payslips which detail all the tax individually is not enough? Then with this letter they can re-evaluate my monthly contribution again.

But the good news is, that I didnt get any penalties.

Im not sure what the Student loan company would do if they contact/caught you before contacting them yourself, Ive read about a variety of punishments they can do, but in my case there has been none.