******* student loan company!

ColdAsIce said:
He means he isn't going to pay any extra money a month to lower the debt faster, but he genuinely believes this means he is "beating the system" lol ;)
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This...

Well, half true. How the hell is it going to lower the debt faster if im only paying back a small % of my loan :confused: every month out of my salary.

Its not rocket science. Pay back per month based on your earnings, wait till your 65 and retire. Or wait until you get run over by a bus, your sorted. init.

Its not a "serious" loan...Come on guys:rolleyes:
 
James J said:
For the third time in a row, they have put me down for the wrong course lol. I've sent off even a change of circumstances form to get them to change it but they still haven't.

Anyone else having problems with them on the run upto uni?
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That is unlucky mate! Although Ive never had any problems with them when I was at uni. Good luck though hope you sort it out soon.
 
After reading the OP, I've bothered to check the stuff sent back by student finance about my 3rd year of uni.

Turns out that they have somehow managed to change my course -my uni runs 3 courses in mechanical/automotive/motorsport engineering and they are taught more or less in parallel. So basically I'm somehow down for one of the other course in those 3 that I'm not on.
You lot reckon I should phone up SLC and have a nice moan and make them fix this mess, or will it all work out anyway.
I really could do without arguing with some useless gits.
 
Not started paying mine back yet. Have 2 years worth of uni debt then I sacked it in as I'm a thick ****.

When I get paid £2 more a month they'll start taking it off me. No doubt swallow my lifestyle with it too.


There was not enough guidance and commonsense handed out when I was looking to go to uni. I took an inappropriate course for myself, took a loan I didn't understand and was pushed into it by my 6th form without much of a clue and I was too young to care. Stupid stupid system.

Now im 24, no better off education wise and £5k before interest in debt. I'd love to go back, but I probably couldn't hack it. Bottom of the pecking order 4 lyf y0.
 
Dup said:
When I get paid £2 more a month they'll start taking it off me. No doubt swallow my lifestyle with it too.
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Hardly, when you are the threashold of £15k, that works out at about £13 a month! lol.

Im on £18k now and they are taking roughly £22 a month off as student loan deductions. Thats on a £4k loan.
 
I think they take about £40pm out of my wages.

Can't say I pay that much attention, any letter they send me goes straight in the bin anyway.
 
The SLC are fantastic. My sister recently moved to Australia and they literally did not know how much money she owed them, and told her to "work it out". She did it to her best and paid the rest back, but recently got a call saying she'd over paid, almost a year and a half later, and was refunded over £1000.

I don't understand them, I really don't. Not looking forward to dealing with them next year.
 
DJMK4 said:
Hardly, when you are the threashold of £15k, that works out at about £13 a month! lol.

Im on £18k now and they are taking roughly £22 a month off as student loan deductions. Thats on a £4k loan.
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Oh well, I'm on £17.2k and they aint taking anything. and I just notices it's gross not after tax for the £288 figure they give. *sigh* I best call them then.
 
Can't be worse than being denied a grant of £2904, on the grounds that living alone for 5 years and working or claiming JSA in that time does not class me as "independent". According to the SLC this means I should lose all grants and take a 25% cut in maintainence loan, because I cannot get my parents financial information... on the other hand, turning 25 or marrying, magically makes you financially independent from your parents. :rolleyes:

They want 3 years of payslips. Ok, fair enough - except I don't have 3 years of them just stacked here on my desk. I can't get any of the missing past payslips because the company went bust months ago. *sigh*

Anyone else think this system is illogical, absurd and a waste of time (30 page application form)?
 
Just wait until you come to pay it back.
I overpaid by £2,200 because of **** ups on their end about when I was due to stop having the payments deducted from my salary.

Got it back eventually, but it was almost a year after I should have stopped paying.
 
Don't forget the interest rate for most of our loans is now 0%, and for the lucky few it will be negative.

Still going to pay it back normally and let them take it out of my salary. Still the best value loan out there.
 
-Ad- said:
Don't forget the interest rate for most of our loans is now 0%, and for the lucky few it will be negative.

Still going to pay it back normally and let them take it out of my salary. Still the best value loan out there.
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About the only good thing in the system. When the rate change takes effect, that is.
 
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