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Help With Student Loans - HERE!
Hey, i have alot of Knowledge of how the student loans procedure works. If anyone needs any help, i can advise as much general info. Obviously i cant divulge into specifics due to Data Protection and the fact that i'd get fired, but anything i can help with, just let me know.
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The Great 'Student Discounts' hunt
How about having a great student discount hunt with the new term coming up - hopefully I will qualify for them then as I am looking to do a hunt and it would be useful to have all the discounts in one place _________________________ Note from martin: I love this idea and have therefore adopted it and made it an 'official'…
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MSE’S ‘Academoney’ support discussion thread
DIWEDDARIAD Mawrth 2021: Mae cwrs ‘Academoney’ bellach wedi’i gyfieithu i’r Gymraeg. Cofrestrwch i gwblhau’r cwrs yn Gymrae yn fan hyn, ac am fwy o wybodaeth, gwelwch stori newyddion ddiweddaraf MSE. UPDATE March 2021: The ‘Academoney’ course has now been translated into Welsh. Sign up to do the course in Welsh here and…
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New to the Student MoneySaving board? Start here
👩🎓 Some Forum threads you may find useful: * The great student discount hunt * ‘Should I repay my post-2012 student loan?’ discussion * 38 and going to Uni! * Old Style recipe index * The cleaning recipe index Seen any more good student threads on the Forum? Let us know! 💬 🎓 More relevant student content from…
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Repaying Type 1 and type 4 loans
Hello, I have student loan debt on both type 1 and Type 4 loans, coming from degrees while I was studying in England and latterly Scotland. I've been paying back since 2018 (less than the interest accrued each month of course). My questions is, how does repayment work when you have multiple types of student loan to repay?…
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Update: Withdrawn from uni, can't get out of tenancy
My son is withdrawing from his university course in Newcastle due to his mental health having been really bad in his first year. He had already booked his accommodation for the second year in a private halls of residence, not uni owned. He can't get out of the tenancy and the halls staff have told him to find a new tenant…
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Why is it not logical to pay off just the interest on your student loan?
Bear with me for a minute I get the logic about not particularly worrying about the loan amount or interest, and that for older plans the loans may be written off, but for new students doesn't it make sense to pay off the interest each year (obviously if it's affordable) I haven't fully done the maths (ok I haven't…
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Repaying Student Loans 2009/10 guide discussion
This thread is specifically to discuss the content of the guide: Repaying Student Loans To discuss or ask a question about the guide: click reply
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Should I pay off my (plan 2) student loan?
I graduated in 2018 and have been working since. My loan started at £36k and is now £51k. I earn roughly £100k/year at present. I have three options I can think of. 1) Pay it off in full. My worry is the plan 2 loan is getting a lot of attention recently for how criminal it is, if I paid it off and then the government…
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Student Loan Overpayment
Hi! This is the discussion thread for the Student Loan Overpayment guide. Click reply below to discuss. If you haven’t already, join the forum to reply. Thanks folks,
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MSE Student Loan Calculator - assumptions?
Hi, I've been using the calculator to assess my son's situation. I find that as I increase the assumed salary growth % I reach a point where the "when will the loan be cleared" box reduces below the 30 year limit (Plan 2). I guess this means the calculator assumes some level of increased payment above the standard 9% is…
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Would you pay off your student loan if you were in my position?
I am fortunate enough to have parents who have had a bit of a windfall recently and have offered to use some of it to help me out financially with something. They asked me what I would benefit from the most - I already have a house and am not planning to get married anytime soon, so the first thing that came to my mind was…
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Ambiguity in repayment rules for borrowers with both Plan 2 and Plan 5 student loans
I’m want to highlight what appears to be ambiguity in official guidance regarding student loan repayments for borrowers who hold both Plan 2 and Plan 5 loans. Government guidance states that borrowers with multiple plan types repay 9% of income above the lowest threshold, but it is unclear how repayments are allocated…
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Student Loans: Household income, SIPP contributions, and CYI = Madness...
Our daughter started university this year, and only received about half the maintenance loan, based on our household income from two years ago (23/24 tax year). If household income drops by at least 15%, then you can request that the loan level be re-evaluated based on the current year's income, using a 'CYI' (Current Year…
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Coop stopping accetance of Totum Card
My local Coop has said that Totum Card is no longer accepted by the Coop. This is a potential massive financial shock. Can anyone confirm?
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How do you stay productive during long study sessions?
Hi! Sometimes I lose focus quickly when studying. Do you have any simple techniques that help you stay concentrated for longer? Pomodoro, apps, routines — anything is helpful.
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Where do you find the best deals for electronics in the UK?
Hello! I’m looking for a laptop and noticed big price differences online. Which websites usually offer the best deals for tech products?
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Your best budget travel hacks as a student?
Hello! I’m trying to plan a few low-budget trips and would love to learn from others. What are your top money-saving travel hacks as a student? Anything from accommodation to transport to food is helpful!
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Repayment Threshold 2026/27
With RPI for March in at 3.2%, from 6 April 2026 the repayment threshold for • plan 1 loans will rise to £26,900 (26,065 x 1.032 rounded up) • plan 2 loans will rise to £29,385 (28,470 x 1.032 rounded up) • plan 4 loans will rise to £33,795 (32,745 x 1.032 rounded up). The postgraduate (plan 3) threshold remains frozen at…
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Employer won't make deduction
Hello. I started a new job, and I told my employer that I have a plan 1 student loan, they said they need SLC to instruct them. On my online account I found a letter that said roughly....I am now due to make repayments for Plan 1 student loan please pass this onto my employer. They still refused this and said it needs to…
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Plan 1 student loan - should I overpay?
Hi, I would appreciate help with my plan 1 student loan please, taken out in 2003. Current balance = £16760 Annual repayment from salary = £1194 But taking away the interest accrued each year I'm actually only paying off £346/year. Based on salary and payments saying the same, it would take me 48 years to pay off my loan,…
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Plan 2 AND Plan 5 loans (Current PGCE students) - repayment rules costing £10,000s?
Hi all. Bit of a niche one this, but bear with me! Will affect most PGCE students who have done an undergrad degree followed by a PGCE that commenced: last year (Sep 23) this year (Sep 24) next year (Sep 25) These students will have had a 'Plan 2' student loan for the Undergrad course, and 'Plan 5' student loan for the…
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Tuition Fee Debt Collection
A few years ago I was forced to repeat a university year due to personal reasons. I had previously completed a foundation degree at a different university (in the same course) but was forced to start year 1 elsewhere as the first university cancelled the course. Unbeknownst to me, due to my “previous study” I did not have…
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15 year old Student Loan in Scotland...has it disappeared...?
Hello there everyone, have come across these forums before and they seem to be very knowledgeable. Does anyone have advice, or could signpost the way to get some in relation to this? 2005-2009 I was at a Scottish university, as someone from Scotland/UK national, and through SAAS was given the Student Loan Company loans (I…
