Hey Guys,

I have searched through many posts but I can't quite find what I want to know. Now the SLC, as most have said on here, are a nightmare I have contacted them to repay my loan. I went through the procedure of getting my last 14 loan payments but I was not very happy with the explantion for repaying the loan so I spoke to a second advisor who said something else.

Does anyone remember what the procedure was and could they let me know? I have spoken to more than one person and the most credible of the answers so far seems to be, send copies of my P60 and last wage to the SLC.

Can anyone confirm this or the way they did it?

Cheers

Sorry - I can't really help. You have asked two different people (at the same organisation?) who both gave you answers that you were not happy with, so you will continue to ask many people until eventually you receive an answer that you are happy with? If the SLC ca'nt help you, then I don't think that anyone can, save perhaps citizens advice bureau or your UK MP.

Good point Ozz,

I have since spoken with a third person who has out lined what I need to in much better detail.

Cheers

Good to hear.

Would you like to outline it here so that anyone else who needs to know can find out?

Best wishes

Yes, I went through this. You need to write to them, and tell them that you have moved. You need to supply them with your new address, and ask them for a settlement value.

Now this takes ages for them to fart about with, but eventually they will supply you with the termination amount. Now you have to act quickly, as this amount is only valid for about 15 days or something like that. Call them and ask them for the account details, so that you can transfer electronically.

It does take them ages to organise your termination value though - I think it was 7 months for me, so make sure you have enough money in your account to cover the debits in that time, or cancel the direct debit.

HTH.

S

Cheers matey

You can also continue to make monthly/yearly repayments - again it is a question of writing to them to let them know your new address, telling them your new salary, and they will work it out.
The thing which I found crazy when I spoke to them (apart from the blatant confusion at their end) was the fact that they calculate the new repayments based on the exchange rate at the time that they do the calculation. No law of averages applies - so there might be 'good' and 'bad' times for them to do the calculation!

Definitely best to keep them informed of what you are doing though - I'm quite sure it would be possible to dip under the radar, at least for a while, but technically they can impose all sorts of penalties on you if you try to disappear. (Unless you are successful of course! )

A bit off topic but graduated in 1994 and have just made my FINAL payment!! Hurrah!! Never appreciated how long it would take to pay the damn thing off!!!! The SLC are a law unto themselves though! Good Luck with the termination!

What I am concerned about is that when we move to Aus the delay in post, which was mentioned in previous threads, will cause all sorts of problems.

What I thought about doing was ringing them and asking if I could give a relatives address, in the uk, for all correspondence and respond from Aus much quicker. I can't see them going for it really but I may ring them to find out their position.

I rang them before leaving and gave them my mum's address, no problems.
In terms of delays - I told them a few months ago that I was not working, thus not paying anything. They said no problem, just let us know what your new salary is when you get a job in Australia. It can be done retrospectively, at the end of the year you can pay the amount based on what you earned that year.