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  • FIRST POST
    • MSE Callum
    • By MSE Callum 18th Dec 17, 2:50 PM
    • 217Posts
    • 94Thanks
    MSE Callum
    Student Loan Overpayment
    • #1
    • 18th Dec 17, 2:50 PM
    Student Loan Overpayment 18th Dec 17 at 2:50 PM
    Hi!

    This is the discussion thread for the



    Click reply below to discuss. If you haven’t already, join the forum to reply.


    Thanks folks,
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    • MrHarvey
    • By MrHarvey 13th Feb 18, 11:05 AM
    • 1 Posts
    • 0 Thanks
    MrHarvey
    Hi all

    To clear up a bit of confusion, is the pay threshold related to the year you START your studies or the year you FINISH your studies?
    I began my course in 2011 when the repayment threshold was £17,775 but left University in 2014 when the treshold was then £21,000.
    I!!!8217;ve been paying SLC out of my monthly wage packet since 2015 but if my threshold should be the upper (£21,000) then I wouldn!!!8217;t have been required to do this.

    Thanks
    • silvercar
    • By silvercar 13th Feb 18, 1:57 PM
    • 37,234 Posts
    • 156,857 Thanks
    silvercar
    I began my course in 2011 when the repayment threshold was £17,775 but left University in 2014 when the treshold was then £21,000.
    You have a pre-2012 loan.
    • Heather_18
    • By Heather_18 23rd Feb 18, 4:45 AM
    • 1 Posts
    • 0 Thanks
    Heather_18
    Hello
    I went to uni in 2009-2010 I know my repayment threshold is 15000 so since I left I have been paying it back. The last 3 years I got a job as cabin crew and I earn a set salary with no commission. however I do get an additional hourly payment which is for food and drink while I!!!8217;m away as I have to buy all my own meals. This on my wage slip get added onto my overall earning and I!!!8217;m finding the student loan company are adjusting my payments each month adding it onto my basic salary and I!!!8217;m paying more. Am I overpaying?
    Thank you
    Heather
    • glider3560
    • By glider3560 23rd Feb 18, 7:24 AM
    • 3,556 Posts
    • 2,252 Thanks
    glider3560
    Hello
    I went to uni in 2009-2010 I know my repayment threshold is 15000 so since I left I have been paying it back. The last 3 years I got a job as cabin crew and I earn a set salary with no commission. however I do get an additional hourly payment which is for food and drink while I!!!8217;m away as I have to buy all my own meals. This on my wage slip get added onto my overall earning and I!!!8217;m finding the student loan company are adjusting my payments each month adding it onto my basic salary and I!!!8217;m paying more. Am I overpaying?
    Thank you
    Heather
    Originally posted by Heather_18
    You will only know at the end of the tax year when you know exactly how much your have earned. If you total earnings are under £17,775, you can get a full refund. If your earnings are above £17,775, the monthly deductions are assumed to be correct (unless you do self assessment, then they can only be adjusted upwards).

    • Amyzz
    • By Amyzz 25th Feb 18, 2:03 AM
    • 1 Posts
    • 0 Thanks
    Amyzz
    I get paid weekly so I always get over deducted.

    On 2015 I earned £18,677 and got £391 deducted. The threshold for the year was £17,335. I wrote to SLC about being over deducted and to see if I could get a refund for what was over deducted. Their reply was they dont give part refunds, only full refunds if it was under the threshold.

    Disappointing to hear.
    • glider3560
    • By glider3560 25th Feb 18, 8:33 AM
    • 3,556 Posts
    • 2,252 Thanks
    glider3560
    I get paid weekly so I always get over deducted.

    On 2015 I earned £18,677 and got £391 deducted. The threshold for the year was £17,335. I wrote to SLC about being over deducted and to see if I could get a refund for what was over deducted. Their reply was they dont give part refunds, only full refunds if it was under the threshold.

    Disappointing to hear.
    Originally posted by Amyzz
    As per my post above, the law has been written in such a way that monthly/weekly deductions are always assumed to be corrected for those on PAYE (even if they are not across the whole year, unless under the threshold). Even those who do self assessment never get a refund of overpayment, just a bill for extra repayments if required.

    • beachlou
    • By beachlou 27th Feb 18, 4:43 PM
    • 759 Posts
    • 499 Thanks
    beachlou
    Hi, my husband has paid off his student loan but unbeknown to us it was paid off a year ago. He is due a refund of over £2500 shortly but does he need to pay tax on the refund? Thank you.
    • glider3560
    • By glider3560 27th Feb 18, 5:30 PM
    • 3,556 Posts
    • 2,252 Thanks
    glider3560
    Hi, my husband has paid off his student loan but unbeknown to us it was paid off a year ago. He is due a refund of over £2500 shortly but does he need to pay tax on the refund? Thank you.
    Originally posted by beachlou
    No. Student loan repayments are deducted from salary after tax, so there is no tax due on the refund.

    • ic
    • By ic 12th Mar 18, 9:29 PM
    • 2,585 Posts
    • 1,325 Thanks
    ic
    I'd missed this whole "reclaim" thread and guides, and coincidentally received a letter from the SLC last month advising me that I was due a refund. I rang and it turned out I was due £372 back - when I enquired as to how it had taken this long for them to contact me (my last loan payment was in 2007) they had no answers or whether it included interest.

    I made a formal complaint and after a month they confirmed that it had taken them five years to realise the fact they owed me a refund, so started sending me letters annually but to an old address. Eventually they received a letter back as not known at the address, at which point they traced me where I live now. Granted I moved to my current address before I finished paying the loan - so that was probably my fault as I should have kept them updated.

    However they upheld my complaint as they agreed that taking five years to figure out they owed me a refund was too long, and offered me a £50 apology on top of the refund I've already received.
    Last edited by ic; 12-03-2018 at 9:31 PM.
    * my posts are made in good faith and only represent my own opinion, experience or understanding of a situation.
    • alq3
    • By alq3 13th Mar 18, 12:03 PM
    • 2 Posts
    • 0 Thanks
    alq3
    Change from full to part time
    Hi Everyone,

    My partner graduated in June/July 17 which means he shouldn't be paying his student loans back until April 2018.

    However he started repaying in July 2016.

    He switched from Full time learning to part time learning mid way through (same uni, same course, just a simple change from FT to PT)

    I have rang the repayments line and been passed from pillar to post and established a couple of things;
    - Student finance England put him down as 'WITHDRAWN' when he switched from Full time. Therefore having two graduation dates and two repayment dates.
    - After many phone calls with SLC & SFE they finally referred his case to a 'Tier 2 assessor' at SFE to get this incorrect 'withdrawal' changed. This happened no problem and he received a confirmation email from the 'Teir 2 assessor' confirming the changes has been made
    - It was then sat with the 'SLC repayments admin team' to update the correct graduation date in order for the refund to be made.
    - I have then spoken to someone today at SLC who has advised even though he didn't withdraw from the course and he simply switched from full time to part time he must start repaying the full time loan back as normal.

    is this correct?

    I understand the FT & PT funding pots are separate but surely he should not have been made to pay his full time loans back before he graduated from the course?

    Has anyone been in the situation or can offer advise?

    Thanks!
    • Ed-1
    • By Ed-1 13th Mar 18, 6:27 PM
    • 2,204 Posts
    • 1,178 Thanks
    Ed-1
    Hi Everyone,

    My partner graduated in June/July 17 which means he shouldn't be paying his student loans back until April 2018.

    However he started repaying in July 2016.

    He switched from Full time learning to part time learning mid way through (same uni, same course, just a simple change from FT to PT)

    I have rang the repayments line and been passed from pillar to post and established a couple of things;
    - Student finance England put him down as 'WITHDRAWN' when he switched from Full time. Therefore having two graduation dates and two repayment dates.
    - After many phone calls with SLC & SFE they finally referred his case to a 'Tier 2 assessor' at SFE to get this incorrect 'withdrawal' changed. This happened no problem and he received a confirmation email from the 'Teir 2 assessor' confirming the changes has been made
    - It was then sat with the 'SLC repayments admin team' to update the correct graduation date in order for the refund to be made.
    - I have then spoken to someone today at SLC who has advised even though he didn't withdraw from the course and he simply switched from full time to part time he must start repaying the full time loan back as normal.

    is this correct?

    I understand the FT & PT funding pots are separate but surely he should not have been made to pay his full time loans back before he graduated from the course?

    Has anyone been in the situation or can offer advise?

    Thanks!
    Originally posted by alq3
    See the terms of the loan:

    (2A) Subject to paragraph (2C), where a borrower takes out a post-2012 student loan in relation to a part-time course, the borrower is not required to repay any part of that post-2012 student loan until the earlier of—
    (a) the start of the following tax year commencing on 6 April after the borrower ceases to be eligible for financial support under Regulations made pursuant to section 22 of the 1998 Act whether by reason of having completed that course or otherwise; or
    (b) the start of the following tax year commencing on 6 April after the fourth anniversary of the course start date.

    (2B) Subject to paragraph (2C), a borrower who takes out a post-2012 student loan and who changes their mode of study between full-time and part-time study is required to repay—
    (a) where there is a change from a full-time course to a part-time course, in accordance with paragraph (2A);
    (b) where there is a change from a part-time course to a full-time course before the requirement to repay under paragraph (2A) applies, in accordance with paragraph (2);
    (c) where there is a change from a part-time course to a full-time course and the requirement to repay under paragraph (2A) applies, in accordance with paragraph (2A).

    http://www.legislation.gov.uk/uksi/2012/1309/regulation/5/made
    • Maplemac
    • By Maplemac 13th Mar 18, 9:20 PM
    • 1 Posts
    • 0 Thanks
    Maplemac
    I have saved enough to repay my daughter's student loan when she finishes next year. Should I repay or not. I am scared that she will not get employment and job centre will force her to use savings to live on. Should I move the lump sum into my account now
    THANK you
    • _shel
    • By _shel 14th Mar 18, 6:39 AM
    • 1,158 Posts
    • 2,007 Thanks
    _shel
    I have saved enough to repay my daughter's student loan when she finishes next year. Should I repay or not. I am scared that she will not get employment and job centre will force her to use savings to live on. Should I move the lump sum into my account now
    THANK you
    Originally posted by Maplemac
    Are the savings in her name? If so That would be deprivation of capital which will find her treated as still having the money and refused benefits.
    • silvercar
    • By silvercar 14th Mar 18, 8:32 AM
    • 37,234 Posts
    • 156,857 Thanks
    silvercar
    I have saved enough to repay my daughter's student loan when she finishes next year. Should I repay or not. I am scared that she will not get employment and job centre will force her to use savings to live on. Should I move the lump sum into my account now
    THANK you
    Originally posted by Maplemac
    It may make more financial sense to use that money as a deposit other first property purchase.

    Personally, if you are intent on repaying the loan, I would wait until she has the first step on a career path - no point paying off the loan if she will never make inroads into it and it will end up being written off.

    For any future benefit purposes, it makes sense to keep the money in your accounts. You can pay off the loan yourself, the money doesn't need to go into her account first.
    • Birty2k
    • By Birty2k 14th Mar 18, 1:26 PM
    • 4 Posts
    • 0 Thanks
    Birty2k
    Hey everyone. Quick question.

    I graduated in 2008 and my current job has never gone over the £21k threshold in any tax year. Sporadically since then I have occasionally paid student loan payments when I have received bonuses, overtime etc, although I still never went over the £21k threshold. Am I entitled to all of these payments back?

    Thanks for any help!
    • Ed-1
    • By Ed-1 14th Mar 18, 1:54 PM
    • 2,204 Posts
    • 1,178 Thanks
    Ed-1
    Hey everyone. Quick question.

    I graduated in 2008 and my current job has never gone over the £21k threshold in any tax year. Sporadically since then I have occasionally paid student loan payments when I have received bonuses, overtime etc, although I still never went over the £21k threshold. Am I entitled to all of these payments back?

    Thanks for any help!
    Originally posted by Birty2k
    No because the threshold isn't £21k if you started before 2012. It's £17,775.
    • Birty2k
    • By Birty2k 14th Mar 18, 8:37 PM
    • 4 Posts
    • 0 Thanks
    Birty2k
    No because the threshold isn't £21k if you started before 2012. It's £17,775.
    Originally posted by Ed-1
    My earnings haven't gone over £17,775 either...
    • glider3560
    • By glider3560 14th Mar 18, 8:51 PM
    • 3,556 Posts
    • 2,252 Thanks
    glider3560
    My earnings haven't gone over £17,775 either...
    Originally posted by Birty2k
    Then yes, you can get a full refund if your earnings (including bonus) are less than the threshold. Just send a copy of your P60 or payslips to SLC.

    • Ed-1
    • By Ed-1 14th Mar 18, 9:10 PM
    • 2,204 Posts
    • 1,178 Thanks
    Ed-1
    My earnings haven't gone over £17,775 either...
    Originally posted by Birty2k
    You need to look at the threshold applicable in each specific tax year:



    http://www.studentloanrepayment.co.uk/portal/page?_pageid=93,6678511&_dad=portal&_schema=PORTAL
    • jas431
    • By jas431 20th Mar 18, 2:35 PM
    • 2 Posts
    • 0 Thanks
    jas431
    Placement Year
    Hi,
    I'd like to give some feedback on the original article.

    Could you please clarify the situation for students that have a year out on placement.
    Basically years 1, 2 & 4 studying at university and year 3 at work in industry.

    By my understanding, the student should not be repaying any of the student loan whilst on placement as they are still registered as students with the university.

    I have the feeling that if the month threshold is exceeded, then the money will be taken from the student.

    Is this something that Martin could raise with the SLC? Is there no way that the SLC can double check with the University?
    What's confusing is the SLC must know that the student has received a reduced maintenance loan and had their reduced tuition fees paid.

    Thanks
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