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Should I self fund or get student loan for full amount
I'm due to start a doctorate in September 2024. Currently work full-time and plan is to continue alongside. The course cost is just over 10k. My original plan was to use the student loan option to pay for the entire course, however by the end of the year I should have £4000 in savings. My original thoughts were to keep…
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Student Loan Overpayment
Due to an SLC mistake I was overpaid on my final maintenance loan. By the time they notified me and asked for the money back it was gone and I had no capacity to repay it. Eventually I was contacted by a debt collection agency which spooked me enough to arrange a Debt Management Plan through StepChange and start to (very…
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MSE News: 'Lifelong loans' to launch in 2025 for those in England wanting to study later in life
People in England aged up to 60 who want to study, train or retrain will be able to access flexible student finance to help them do so from 2025, the Government has confirmed today. The new higher education loan scheme, dubbed the 'lifelong loan entitlement', will be worth the equivalent of four years of post-18 education.…
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Maintenance grant change in circumstances
The Government websites are fairly clear if income drops but not if it increases. If a student with divorced parents, if the current sponsoring household move in with a new partner so the income changes in future tax years, at what point do you notify the changes when it’s based on previous tax years income? The previous…
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Daughter's Student Loan Application Taxable Income Query
I will be completing my daughter's student loan app soon and I have a query. Would interest from my savings need to be declared as taxable income even though I did not have to pay tax on it as it did not reach the threshold. Also I had a small part time job which did not reach the tax threshold so would that income need to…
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Overseas student loan threshold
Hi, my son is on Plan 2 and currently lives and works in France. Despite earning only approximately £23.5k and being below the current threshold for France of £27,295 he has received a letter from SLC stating that for 2024-5 he will be paying £34 P/m. Although not a big sum he has queried this with SLC who told him that…
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Outrageous Postgraduate Loan Repayment Threshold - £21k (under minimum wage)
Hi, I was just wondering if there are any campaigns by the NUS or any other pressure group regarding the ridiculously low repayment threshold of Postgraduate student loans which is set at just £21k pa (from April 2024 min wage is £23,795 pa based on 40 hr week or £22,308 pa on a 37.5 hr week). I thought the whole idea of…
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Microsoft Office subscription
Hi, I'm a mum of a undergraduate Uni student. My annual MS Office subscription came out of my account today. On doing a bit of searching, I found out that if an account is set up using my son's Uni email address, he can get it for free. He has an Apple laptop. My question is, will it still work on his laptop (there is…
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late degree awarded
Good evening all, I came back here as you previously helped me with some issues and would like to ask you for help again. I graduated my Bachelor's Degree in 2021 but was not given the diploma. I was invited at the graduation ceremony but then, all of a sudden, they cancelled. I contacted the college and the university and…
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Has my student loan been accruing the right amount of interest?
I was reading the arcticle on MSE which talks about the interest applied to a Plan 2 student loan (new account so I can't provide a link). It says that, from the April after graduation, the interest your loan accrues is calculated based on your salary. If you earn less than the Plan 2 threshold, your interest is RPI. It…
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Student Loan Repayment Vs Lottery Win?
Hey guys, If you haven't been very successful in your career and haven't earned enough to qualify for mandatory Student Loan repayments. But then one day you are lucky enough to win a semi-significant amount, and are just about able to live off interest for the time being. Does the student loan company have any right to…
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Student loans all plan 1 when will they be cancelled?
Hi all, I am getting confused over when my student loans all plan 1 will be cancelled. my first degree I started in 2003 and did not complete so finished in 2005 which pre 2006 payments are until age 65. my 2nd degree attempt was 2007-2009 which is 25 years following start of repayment. my 3rd degree which I completed was…
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Travel Grant
Quick question wrt the travel grant. Any Travel Grant they can get will be reduced by £1 for each £8.73 of household income over £39,796.They must pay the first £303 of their travel costs themselves. If the income is £65k and 2 return flights are £2k total, will there be anything to claim? It's early and i haven't had a…
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Obvious question but can’t find an answer!! Help please!
I went to uni 2000-2003 (am now 42). I had a student loan the whole time. It was paid off many years ago. I have no idea if I ever overpaid and have had many different jobs in the last 21 years. Like PPI and car commison etc can I just call up the student loan company on the number given and just give my student loan…
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Student Loan - earning 60k+
I have read and watched Martins info on paying back student loans, however, I cannot find anywhere where he gives a wage you reach where you should really start paying it back as quickly as you can. Any knowledge here would be appreciated.
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Open University and student loan
Hi I am considering taking a history degree as I am interested in history. I had thought about doing this a couple years ago but never took the plunge. I currently work in admin in the NHS and wanted a back up in case things change in the future but also because I am interested in learning. I have done a few vision2learn…
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In my 60s and wondering whether to repay student loan
I know Martin Lewis says ignore the interest on a student loan but seeing it increase over time is quite stressful especially when you have been brought up to pay debt. I earn under the repayment threshold of ££27,295 and so far I have only made repayments when I got backdated salary. As the cut off for postgraduate…
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Student Loan Query
To anyone who can help, I have two questions regarding student loans: I went to university for one academic year (2006/07) and was always told my student loan would get written off after 25 years. However, the Student Loans Company (SLC) recently told me that because I was granted my student loan in June 2006 (prior to the…
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Student loan repayment while abroad
Hi all, my daughter has taken a working holiday down under and advised SLC of her absence. She finished Uni in 2022. They have written to her here asking for proof of wages while there and are talking about setting up repayments at the country she's now in. Is this legit? What she earns in a foreign country should not have…
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doing a degree over 60
How much would a person over 60 get in student loan/maintenance grant if they did a degree course?