Student loan
 

Ok so I know I'm going to get blasted for this but I'm terrified and looking for advice.
It's been 13 years since I graduated and yes I moved from the uk out this way shortly after.
I made contact with the SLC way back and then heard nothing from them and yes, I did forget about it for some time.
It seems they have caught up with me, anyone else dealt with them in this instance and can I work out a repayment plan with them that I can afford. I have every intention of paying this thing back....
I'm ashamed of myself for this and I know I'll get backlash but I wanted to ask so I can get some sleep again until I can sort it out with them.
Thank you

Re: Student loan
 

You need to send them proof of your income every year. They then work out how much you pay each month

Re: Student loan
 

Thanks beckiwoo. I think I'm past that point though after 13 years I doubt I'd manage the monthly payments hence why I'm not sleeping. So appreciate the reply though xx

Re: Student loan
 

I wouldn't worry too much. If it gets to the point where they ask for some ridiculous amount of money. I'd just ignore them. There's very little they can actual do other than threaten you when your outside the country (or for that matter even when visiting th uk).

Re: Student loan
 

I might be wrong but that may go down as one of the dumbest pieces of advice that I have ever seen on this forum... Do you not think that they would come after people... Seriously???? :blink:


https://www.theguardian.com/uk-news/...owers-dont-pay

This is just one example ... Sorry OP, you need to get informed advice

Re: Student loan
 

I wasn't suggesting the OP ignore them to start but if they are unreasonable and ask for the full amount owed plus default fees then it may be best to ignore them. At the end of the day, the debt is under English law, not Canadian law.


Outside the EU and a trial in Australia (which the UK government tries to make out like it was a success, but in reality costs more than the loans in many cases. I also believe it has been discontinued) there truly isn't much they can do to someone in Canada. There have been threats of prosecutions for years but it's all been hot air. Worst case if they somehow made it a criminal matter in the distant future, they wouldn't be able to extradite (not that they'd bother doing this anyway, as again it would cost more than the loan) as it isn't a crime in Canada.

You have to remember that the majority of students abroad (the government posted some statistics recently) aren't paying their loans (most don't even know they have too).

In most cases student loans company will be surprised the person even replied to them and just put them on the normal repayments (if they are over the income threshold)

Re: Student loan
 

They look as if they are toughening their stance compared to previously, it may well not be worth their while and no doubt OP is a Canadian citizen and so wouldn't have an issue with CIC but if someone were just a PR then I would myself be a tad worried.

OP, this thread is Oz based but looks quite useful

http://britishexpats.com/forum/austr...ayment-863660/

Re: Student loan
 

Well considering she's posted the same thing in almost all of the countries' forums I'd say who knows where she lives? Maybe it is Australia. Or maybe she would like to move back to the UK some time. Or maybe she should pay back the citizens of the country who funded her education.

Oops... just saw that she's in New Zealand so not sure why she's posted in every forum.

Re: Student loan
 

Why don't you think you will be able to afford the monthly payments?
It is based on your income in your resident country (in this case NZ) and then there is a threshold for each country that SLC works out March/April time each year.

I don't know which plan you are on (plan 1 - loans before 2012 or plan 2 - loans after 2012) it depends on when you had your student loan but seeing a previous post said you had been in NZ for 6 years in 2012, my guess would be plan 1 or the old style student loans.

For plan 1 the threshold is the same as the UK threshold - 17,495 pounds so whatever that is converted into NZ$$

You send them your last 3 months worth of payslips or your job contact with salary and they tell you how much.

Might be worth doing to getting them off your back because as Stinky says, the SLC are getting more on it with people trying to skip country and not pay. The loans have also just been brought by a private debt company so who knows what will happen. At least if you are giving them some money, its better then being harassed for not giving any money at all.

Re: Student loan
 

13 years ago, in 2004, tuition fees in UK universities were £1000 pa. We can't be talking huge sums here. Pay it back.:thumbdown:

Re: Student loan
 

If people elect to not pay their student loan then the qualifications they gained via the tax payer should be revoked until they do.

If I bought a car or house and didn't pay I am sure that would get taken from me

Re: Student loan
 

Re: Student loan
 

That's just for tutition fees. The loan for living costs was around $5k a year if you took the full loan

Re: Student loan
 

It's not seen as a commercial debt like a car loan it doesn't go against your credit score and when you apply for mortgage they only take into account your monthly payments, not the full loan.

Re: Student loan
 

Yes, I'm aware of that. £5K though.