Student loan payments ??
24 September 2009, 01:17 PM
#2
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24 September 2009, 04:23 PM
#4
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when and how do they start to take the money back I qualified June this year and heard nothing from them regarding the amount of money I owe - not got a job yet though
24 September 2009, 04:47 PM
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They get their info thro the PAYE tax office. You get a letter if you leave employment asking what you are up to. I think you escape if you work overseas. dl
24 September 2009, 07:09 PM
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I hate they way the student loan deductions are done 
inland revenue take the money, banks it for a year to earn interest then they pay the student loan company at the end of the year.
Whilst the IR is earning your interest the student loan company is charging you interest on your loan
inland revenue take the money, banks it for a year to earn interest then they pay the student loan company at the end of the year.
Whilst the IR is earning your interest the student loan company is charging you interest on your loan
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24 September 2009, 07:23 PM
#8
They will only start taking the money off you once you have a job and are earning over £15K or £17K (think it changed recently). And then it is around 8% or 9% of your wage after tax and NI has been deducted.
The real cheek about it though is that your borrowed amount will be accruing interest the whole time so by the time you come to start paying it you will owe loads more than you borrowed. By increasing the threshold it’s not to help you it’s to help the government who are struggling to subsidise the student loans
Last edited by Cockney Wideboy; 24 September 2009 at 07:26 PM.
25 September 2009, 07:06 AM
#14
Don't get me wrong, paying them back is not a problem, but taking £100 from my wage just like that .. I had that money planned.. we have bills to pay, child care ... savings .. all things that need to be taken into consideration ...
Is that it now, will they take £100 a month ? or will they take more when I earn more as my wage depends on how busy I am ..
Is that it now, will they take £100 a month ? or will they take more when I earn more as my wage depends on how busy I am ..
25 September 2009, 11:25 AM
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Don't get me wrong, paying them back is not a problem, but taking £100 from my wage just like that .. I had that money planned.. we have bills to pay, child care ... savings .. all things that need to be taken into consideration ...
Is that it now, will they take £100 a month ? or will they take more when I earn more as my wage depends on how busy I am ..
Is that it now, will they take £100 a month ? or will they take more when I earn more as my wage depends on how busy I am ..
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