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Paid off in full early
I had a student loan 2012 and graduated in 2014. 2021 I got some unexpected money and I had been working a lot of overtime and was fed up of huge chunks of this money earned going towards my student loan repayments so I phoned up asked how much it would cost to wipe the debt and I paid the balance. Does this mean there is…
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The 1000 club
A friend of mine has told me about this investment club. I googled it and its membership is by recommendation only - that shouldn't be an issue as my friend will nominate me and she'll get a kick back for doing so. And this is where I question what this club's about - kick backs for intro's suggest a form of pyramid…
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Student Loan Overpayment
Hi everyone, This may have been asked/answered before so apologies for that. I currently have a student loan of £64,000 consisting of £52,000 undergraduate and £12,000 postgraduate having graduated in 2016. My loan will therefore be wiped out in 2046. I am in a career whereby I have the potential to be a high earner and…
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Expat Student Loan Issue
Hello, I've recently been sent on expat by my employer to a country in the EU from the UK. During this period my salary is split so I get paid 25% in the UK and 75% in the host country. The problem I am facing is that my employer covers my tax in the host country which is fairly hefty but this is reported on my UK salary…
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Student Loan repaid
My student loan repayment from 2002-2004 was deducted from my pay. In 2021 it stopped, obviously repaid however, I received no notification, no statement or any communication from Student Loan. I could have overpaid, I could have paid less (doubt it), either way, I thought I would have got a statement. Has this happened to…
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SUPER complicated SLC Plan 1 question - I am confused!
Hi all! I did a year of university here in the UK in 2010-11 using student loans, then moved abroad in 2011 to restart a degree in Canada. I’ve just relocated back to the UK as an expat. - 2011-2016: full time student - 2016-2023: working, sporadically. But never above the threshold. Stupidly, the entire time I was living…
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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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Studying in US - general life Q's
Son MAY have the opportunity to study in the US for a year and i'm trying to think ahead. Mobile phone - he currently has a line on my contract. Can i suspend that line for a year? (EE). His current phone does not have an eSIM, i may get him a phone for Xmas with an eSIM, but what's the best way to get connectivity?…
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Lifelong Learning Entitlement for returning learners
The Government announced on Wednesday how residual entitlement will be calculated: https://www.gov.uk/government/publications/how-much-lifelong-learning-entitlement-you-could-get/how-much-lifelong-learning-entitlement-you-could-get Pre-2012 students get the full deduction for each year or part-year of study. Post-2012…
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Architecture masters - student loan refund/overpayment, any experience?
Hello, Not sure if anyone has any experience of this. Reading through the student loan refunds, I understand that repayment is due one year after your course is finished. As the architecture master's is considered a single course, does this mean that repayment is due one year after the masters rather than the undergrad?…
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Student loan deduction with backdated pay? Help please.
Hello I am currently on the plan 4 for student loans in Scotland where the threshold is £27,660 however my salary is at the highest amount it has been since I began working for my local authority in March 2018 and that amount is £26460.84 so I have never earned enough to be paying it back yet. In July 2020 I received…
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SLC overpayment refund - THEY DONT GIVE IT BACK TO YOU, JUST ADD TO BALANCE
So I read Martins post and other people getting refunded for overpayment. GREAT I thought! However, I called them and even though theY confirmed that I have overpaid by £1700 they WONT refund me, just add it back to the remaining balance of the loan. All this does is increase what I need to pay back, and in my situation I…
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Wanted: reassurance that a student loan will stay collected as a tax on income
My niece is going to university this coming year. My brother
in law asked me if he should pay the fees up front, using up most of his life
savings, as he was worried that the terms of the loan could be changed such
that assets could be seized to pay off the debt. I am aware I can’t point to a
guarantee that terms won’t…
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student loan refund due?
hello all, after reading martins blog on claiming student loan refunds i thought i would be due a refund myself, but SLC said no. what do you think? so i have a plan 1 loan outstanding. this was a claim for the tax year 22/23. this meant the repayment threshold was £20195. my salary for that year was £30150 paid monthly,…
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Scottish graduate endowment fee
Hi, This fee of £2000 was introduced for those graduating from Scottish uni's in 2005. It was cancelled a year or so later meaning those that started uni in 2001/2002 have paid a very unfair £2000 fee. It has never sat well with me and I was wondering if there was ever any news on this such as if people were able to claim…
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Pay off plan 5 loan ASAP?
Hi, I've searched the forum but can't find this situation discussed. My son is wanting to go to uni, but the huge debt is putting him off. I have explained how they work, and it's like a tax blah blah... We are both trying to work out if it is indeed much better to pay off ASAP with the new plan 5 loans being 40years? He…
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Student loan overseas repayment
Hi, unique situation that I feel SLC on the phone may have given me the wrong information about. I have a plan 2 loan from an undergrad degree graduating in 2016. This means I should pay 9% of what I earn over the repayment threshold of approx. £27k a year. I believe this is an annual threshold, not a monthly one, but…
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Does such a thing exist?!?
Hello, I overheard someone talking about a scheme whereby a student at uni can finish off the final year of a degree in an apprenticeship scheme, where they are learning on the job as they are completing their final year. Big companies like GlaxoSmithKline were mentioned so they can mould the students to role within their…
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Missing student loan repayment statements
Hi all, As many have, I'm trying to establish whether I'm able to request a refund for student loan payments deducted when I was below the threshold. I've logged onto the SLC website and I have no statements/correspondence between 2004 and 2016! I am absolutely certain I made repayments during this period and I remember…
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Student Loan - should I pay it off?
Hi there, I think I know the answer to this but looking for some reassurance! I graduated in 2009 and so have a 'Plan 1' student loan, with a 6.25% interest rate as I type. I have a small child and have not returned to work after maternity leave and so am not earning, or paying off my student loan through PAYE for at least…