Repaying Student Loans
 

Hi, first time poster in need of some advice. Probably won't be the last time!

Sorry if this topic has been done to death as well.

I plan on bringing my English fiance over on a K-1 visa. He plans on naturalizing and becoming a US citizen.

We understand that he does have to repay once his salary exceeds the 12,000 pound threshold, and then only 9% of the excess per month until the debt is fully repaid.

My question is ... does he have to keep paying off his student loan once he becomes a US citizen?

Thanks!
miieena

Re: Repaying Student Loans
 

As an American can you cock your snoot at debts ...

Re: Repaying Student Loans
 

What a strange question. If I understand you right, you're asking whether he somehow stops being liable for his debts if he becomes a US citizen?

Taking US citizenship isn't like becoming a born-again Christian - he won't be washed of all past sins and debts - of course he'll still be liable for his student loans. D'oh!

Re: Repaying Student Loans
 

There is no need to be sarcastic.

We have heard conflicting information and wanted to clarify. So sorry.

Re: Repaying Student Loans
 

There's every need to be sarcastic. I'm British.

Re: Repaying Student Loans
 

I don't understand why he thinks he won't have to pay his loan back...afterall he borrowed the money and he should pay it back. There have been posters on here who have left the UK and thought they could get away without paying because they are in another country. The loans are often sold to a US company and they track the debtor down.

Re: Repaying Student Loans
 

Someone at his school administration had informed him that he would not have to repay after naturalizing into another country. We thought it was a bit odd and tried looking it up - we knew that he would have to definitely repay regardless if he moved, due to all the information out there, but nowhere mentioned explicitly what would happen if he naturalized, which is why I came here to ask. From what I could tell from my brief glance at the forums, people have asked the question before but were not necessarily US citizens, just UK citizens living elsewhere. Hence my need for clarification, is all.

Re: Repaying Student Loans
 

Let that be a lesson to you - "officials" often give bad/incorrect/stupid information and advice. And they're not the ones who have to live with the consequences. This bit of bad advice was minor. You'll find that much of the "help" provided by the USCIS immigration helpline is similarly incorrect, and the outcome of taking their faulty advice can be catastrophic.

Re: Repaying Student Loans
 

Ha ha quite right !
I initially thought you were a USC so had no right to be sarcastic by natural law.

The repayment threshold is actually £15,000 in the Uk and strangeley £12K in the USA.

http://www.slc.co.uk/thresholds/index.html

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If he eventually becomes a USC he will still be a British citizen. Becoming USC means nothing in their eyes.

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I think you mean "no ability to be sarcastic by natural law". Their failure to practice their right of sarcasm is just laziness. Their inability is a sad fact of nature.

Re: Repaying Student Loans
 

Yes he should pay his debts to the British government. (morally)
Otherwise the UK govt will be skint and how am I supposed to support my 9 kids by 3 different wives without social benefits ?

On the other hand you could take Rays advice because he is nearly always right sometimes LoL.

Your choice really .
Well your bfs really but you have not got the visa yet ?

Re: Repaying Student Loans
 

were you thinking of the 25 years thing for the loan to get washed?

Welcome to BE....though I would suggest you do a search as a lot of these topics have been talked about, a lot, and this one only a few days ago...

Re: Repaying Student Loans
 

So let's see if I've got your logic right...

It's OK to take other taxpayers' money and not pay it back if you don't agree with the policies of the elected government in giving out money to other people on benefits?

Genius! Accept benefits and then refuse to repay them because you don't like people on benefits.

Kind of like the logic of those who want to emigrate from Britain because "it's too full of immigrants!"

Re: Repaying Student Loans
 

You expressed it so much better.
You get brownie points from me :D

Re: Repaying Student Loans
 

Don't know what ya mean.
I have no kids . I was taking the mickey.
I am from Manchester UK originally so I take the piss like a certain other member which rhymes with yanc.

It is the way we speak around this part of the World .
Not everyone on this site needs help or info.
That is the way it should be.

Some people seethis site as informative some as funny or amusing at times.
Different strokes for different folks etc

I think you have lived in USA too long and have become assimilated .

Anyway chill out .

Re: Repaying Student Loans
 

Calm down mate. You're taking this all way too seriously.

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Yeah I am taking my own advice and chillin out .
Too much wine last night :beer:

Re: Repaying Student Loans
 

Very Old Thread that i am digging up but wanted to know, what happens if you just say bollocks to the loan when you are a US citizen.

Of course morally its wrong. I just got my first bill in a year as I usually defer and its full of penalties for missed payments that I didnt know I had to make.

Forget the moral preaching....If I didnt pay it back?..............

Re: Repaying Student Loans
 

You are supposed to have a British bank account set up that they can direct debit from. You need to periodically wire money across to top it up.

Or you can pay the loan off in a lump sum.

I think the sums involved for qualifying for deferment are higher than those being banded around in this thread.

Anyway, yeah, I too would be curious how they go about claiming it back from you. I haven't heard of them selling debts to private agencies, but it's certainly possible.

Re: Repaying Student Loans
 

There have been several threads here recently about debts being sold to agencies on this side of the pond, but there was some uncertainty about whether they are enforceable over here.

I pay my husbands loan via the SLC website with a credit card, the exchange rate is good and it's cheaper than transferring money monthly.

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If anyone is in a position to do that, they probably didn't need the loans in the first place.

What I'm intrigued about is how they factor cost of living and how much lower the salary threshold is in the US compared to other countries which means your buggered if you live on a coast.

Re: Repaying Student Loans
 

Eh?

There's all kinds of ways a person can come into money quickly.

The reality of course is that with a low interest rate you are always better off investing that money elsewhere, only paying the loans off the amount you are required to.

Re: Repaying Student Loans
 

IMO the reality is you're better off owing as little as possible. I know what you're saying but it's not something I've lived by. I can sleep at night knowing I don't owe anything and I have a roof over my head that's all mine.

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I basically defer every year and then when I have a bit, pay off some via their website.

My issue is I didnt get a deferment form, didnt get a letter saying I had missed payment and all of a sudden got hit with penalties.

If I dont have to pay this, they can blow it out of their ass

Re: Repaying Student Loans
 

Look at the big picture...contact them...explain...offer to pay in installments what you owe.

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yes the SLC is sh*t. :lol:Just like every other agency linked to the gov't. EG they sent me a letter with the first statement in 3 years (which they are supposed to send annually), apologising for lack of previous statements but also saying that this statement may be incoreect and a correct one will follow - errr!? so why not just send the correct one!?:confused:

EG 2. notified them by letter that had changed adress and martial status, and deferred payments for a year using their form. They wrote to me at new adress notifying me of charge to my account for failure to pay (even though sent them deferred overseas payment form thingy in the same bundle), and still had my old name. Wrote ack pointing out they must have had all the paperwok since they had written to me at the new address! Answer from them? None, other than the charge was mysteriously removed from my account! Numpty's the lot of them!:rolleyes:

In short, if you can, keep them at bay by annual filing their deferred overseas payment form thingy.. all they wanted from me as proof was a leter confriming my lack of income - and they accepted a letter from hubby!!!!:confused:

If they want the money - they can swivel on it! I only took it out to pay for my student tution fees(and a banger of a car, and a new PC- all essential student lioving items in my book!), which the previous year Mr Blair said we students wouldnt be paying if they got into Gov't.. then surprise surprise.. they introduced them anyway!:thumbdown:

Re: Repaying Student Loans
 

Perhaps, but if you come into some money, it is makes more financial sense to save it in a high interest account than to pay off a student loan. This requires willpower, of course.

As long as you have that money available in an account should they come calling, and don't fritter it away, you can still sleep easy at night.

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You are what I call scummy people ... take and take ...
and you are even proud of it

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:blink:

People who went to uni the year before I did didnt have to pay student tution fees, so why should I have to?.. esp when Mr Blair broke an election promise!?

Anyway, I'm not doing anything wrong or illegal! I am playing by the rules, and once I do start receiving an income aboue the repayment threshold, then I will of course start repaying!

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Its just your have the attitude I find sickening
keep at your trough

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1. Because the rules changed.
2. I suspect that Blair didn't break an election promise per se, it was just that the rest of us misinterpreted that promise.

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He said he would keep the grants going for those who entered uni in '98, which would scale down per year and be topped up with student loans which would be interest free, once graduated it would keep in line with inflation.

There were no grants in '99 and it was just loans, and if anyone things the rate they charge is just keeping up with inflation, they're smoking crack and it was back dated from day one.

Any other business trying that would have had serious issues.

Re: Repaying Student Loans
 

I'm hoping to relocate to Houston and am intending to pay a lump sum each year to reduce my student loan debt (as it will no longer get automatically deducted from my salary like it is at the moment).

My relocation to the States isn't intended to be indefinite so don't want to return to UK finding out that my student loan has snowballed up on interest whilst I've been ignoring it!:ohmy:

Re: Repaying Student Loans
 

Having actually done some fact checking, Ozziedoc is right - what Blair actually said something akin to leaving the door open for the possibility of tutition fees to be introduced - something which I have been ignorant / naive / misinformed about up until now. That said, as Bob says the rate they are charge on the loan is hardly rate of inflation!!

I was not one of those students sitting in the pub 24/7, I worked 20 hours a week in Sainsburys to support myself and help pay for rent, all the time contributing to the economy through tax etc, in addition to 20 hours of classroom time during my 4 year degree, so I do not appreciate some peoples comments about being all take and no give thank you very much. I paid my loan installments in line with the agreements while I was working, but now I have no income, so I'm not.

In the meantime, I will continue to be the law abiding citizen that I am, and pay when I am obliged to as the agreement of the 'loan' dictates. And I will continue to stamp my feet about it like a petulent child:o, regardless.

I still stand by initialy comment though - the SLC is sh*t!

Re: Repaying Student Loans
 

I could care less about the moral stance.

I drank and pissed all mine up against the wall whilst experimenting with acid, pills and whatever I could get my hands on and you can be rest assured that I could give a cats fanny what some bloke called Ray who I dont know thinks of my moral stance.

Fact is, I wondered if there was anything they could do now I live in the USA (I would never intend on living in England again).

Seems like nobody knows

Re: Repaying Student Loans
 

Why am I not not surprised at that...typical low life

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Never say never....and admitting to drug use on a public forum, in the US might not be the smartest thing, especially if you have plans on staying in the US long term.

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I knew you would bite...too easy :thumbsup:

Idiot :eek:

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Charming....anyway, not that I give two shits.