SpoogleDrummer

According to the site it's 12000 pounds for the US not 17000 which works out to be about $20,823.81. Not sure why they have the threshold lower in the US than UK but I'll be damned if I'm putting any more effort in to paying them. I tried before I left and after and they just didn't reply.

Ray

How proud you must be ......

mojofilter

I totally forgot about my student loan ...... I've just looked at the form and I'm wondering what I should put down as my income ....

I'm still waiting for my EAD so my wife's supporting me at the moment, I don't get a fixed amount from her (we're just struggling by to be honest) .... So how would I declare my income to them ?????

SamuearlJackson

Ask the collection agency for validation. These agencies screw up all the time and will often commit violations that will mean they end up owing you money. Hit fatwallet.com and creditboards.com for more info on these guys.

As far as debts owed to the student loan company, their repayment website looks pretty clear to me on how to make a payment. Perhaps it is a problem finding out how much the minimum possible is that you need to repay, but I would still be making payments on the loan anyway as I do not like debt (although this debt does have a very good interest rate).

Duncan Roberts

If you got a more recent loan. I got mine in 98 which was one of the first years they did them. From what I read they aren't compatible or some such junk with the new system.

The_English_Bride

I'm in the same situation and recently filled out the form to give them an update. I checked the "unemployed and in receipt of third party support" box. I sent a copy of my husbands last tax return showing how much he earns annually, and a letter was also needed from him saying that he is supporting me.

H doesn't earn a lot and doesn't "give" me money per se, but he tries to cover our bills. We are also struggling to get by until I get my EAD.

Bob

That's a bit rubbish really ain't it...cost of living isn't any cheaper here at all, they really should have broken it down a bit by part of the country, in Maine perhaps it is, but not in Mass.

Bob

Second year it was introduced but they still offered the grant the year before...I'm in the same boat as you.

g1ant

Did they have a US address for you or did they track you down?

martybops1

could jaywales contact me offlist? i'd appreciate hearing where you are in this process. [email protected]

explorerman

I was getting student loans in the '94/'95 and '95/'96 academic years. I think that they were the first years they were available.

Roy

nyx

In America, they can harrass you quite badly. They will toe-the-line of legality. They may call your family and friends, and though they can do this, if they are asked to stop, they must. If they continue, then it is breaking the law.

Calls after 6 pm or to your work are illegal.

They can continue to harrass you. But you do not have to pay the money.

A debt agency can hurt your credit rating, but does that matter? If you have a credit card, car and house. It is frustrating, but does not effect your day to day life unless you let it.

Any bad marks can be removed if the debt is payed, or will be removed after 7 years.

However, if the debt has been sold to a US company, then where is the debt? It can not be in the UK and the US at the same time?

Over time, debt companies will re-sell your debt. Each time it is sold down the chain it is worth less. Never believe them when they say your debt is accruing, this is 100% untrue.

Offer a settlement amount 25% of what they say you owe, and see what happens. You may be able to settle the debt for up to 40% of what you owe, resolcing the situation amicable for eveyone...

fogga4000

Yes the 12 000 pound threshold is ridiculous as my cost of living is double what it was in the U.K but expecting my wages to be far less. If you call the SLC they will give you all the info you need and you can set up an internet account.
I would just pay the minimum amount to keep them happy. I dont see how a government based loan can be sold on to a private company, but could be wrong.
I think a lot of people myself included will probably go to the 25 years without ever paying it off. When they offered these loans I think they expected us all to walk into highly paid jobs but obviously the set back of offering "universal" higher education means a degree is effectively meaningless.

scrubbedexpat099

Anyone considered that this is a scam operation?

goldchoccycoin

My student loan was sold just recently from SLC to thesis servicing - it's all legit. Just means I have to pay someone else.