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Student Loan
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Got a letter from the loan company basically saying that after income assessment I'm entitled to £650 more than what I received over the course of the year (£2800 spread over 3 payments). I think this is due to them reassessing after they realised my brother had started university in Newcastle.
Thing is, I have the option to just ignore the letter and not receive any further payment or I have the option to take as much of the £650 that I want. The money would come in real handy as I'm broke at the moment, but just wondering what people think of student loans. This is aimed more at people who are currently paying them off. Is it really quite a burden to pay? Do you regret taking as much as you did? Or maybe you think you didn't get enough?
Just trying to decide whether I should go for the extra cash. It's currently looking quite likely.
Thing is, I have the option to just ignore the letter and not receive any further payment or I have the option to take as much of the £650 that I want. The money would come in real handy as I'm broke at the moment, but just wondering what people think of student loans. This is aimed more at people who are currently paying them off. Is it really quite a burden to pay? Do you regret taking as much as you did? Or maybe you think you didn't get enough?
Just trying to decide whether I should go for the extra cash. It's currently looking quite likely.
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Comments
I would take the money. You don't pay it back until you earn over £15,000 anyway, the money is deducted at source by your employer through PAYE, so you won't even notice it's gone.
clicky