Student Loan - How does it work?

retired_libbyrelr · 11-27-2007, 07:17 PM

I just deferred my loan for another year, and the cut off is about £2000 p/m now, I think.

retired_lavely3 · 11-27-2007, 07:17 PM

Quote:

Originally posted by mudweiser:
I got out a Student Loan in 2003, 3k/year for four years.

Now I'm paying nearly thirty quid a month in interest. Scum!

Got off quite lightly there. Mine's over £16k now with interest at over £32 a month. On my current salary, I'd expect to finish paying it off in 2039. Pathetic system.

retired_leaf9 · 11-27-2007, 07:21 PM

Quote:

Originally posted by Hendonboy:
<BLOCKQUOTE>Originally posted by mudweiser:
I got out a Student Loan in 2003, 3k/year for four years.

Now I'm paying nearly thirty quid a month in interest. Scum!

Got off quite lightly there. Mine's over £16k now with interest at over £32 a month. On my current salary, I'd expect to finish paying it off in 2039. Pathetic system. </BLOCKQUOTE>

You know you can pay off more a month if you want?

retired_jshendel · 11-27-2007, 07:31 PM

I dont pay any of my off as my basic salary is below 15k. However ive paid most of it off

buffdaddy110 · 11-27-2007, 07:38 PM

Quote:

Originally posted by superayrunited:

I'm pretty sure that won't be true.

Unfortunately the company suffers because people thing they have a divine right to free higher education and resent the fact that they have to pay it back. That causes them to bad mouth the SLC at every opportunity.

I worked on the customer facing side of the company for over 2 years and whilst mistakes were made (as they are in any large organisation) a great deal of effort always goes into resolving the issues.

The 'evidence' was a recording of a phone call - I was told the management would listen to it, but later when I requested a copy under the Data Protection Act I was informed the recording had been destroyed!
Imo this was very convenient for the Student Loan Company.

retired_leaf9 · 11-27-2007, 07:48 PM

Quote:

Originally posted by Half-time Orange:
<BLOCKQUOTE>Originally posted by superayrunited:

I'm pretty sure that won't be true.

Unfortunately the company suffers because people thing they have a divine right to free higher education and resent the fact that they have to pay it back. That causes them to bad mouth the SLC at every opportunity.

I worked on the customer facing side of the company for over 2 years and whilst mistakes were made (as they are in any large organisation) a great deal of effort always goes into resolving the issues.

The 'evidence' was a recording of a phone call - I was told the management would listen to it, but later when I requested a copy under the Data Protection Act I was informed the recording had been destroyed!
Imo this was very convenient for the Student Loan Company. </BLOCKQUOTE>

As far as I knew all calls are recorded and saved on computer although I don't know how long they are retained for. I do think it's highly unlikely that someone's gone in and deleted it though (if that's even possible).

retired_lgrimz · 11-27-2007, 07:55 PM

superrayunited,

i've been trying to ring SLC for ages over the last week and all I get through to is a machine which is starting to frustrate me because there is no option to speak to an advisor. You got a better more direct telephone number i could use?