Student Loans Co.

Student Loans Co.: My own experience, be very very cautious!!!! They are very d ... (991 words)
by imaan4success - written on 04.05.06 (Useful, 543 readings)
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When i went to uni, like most students, i too took out a student loan. It does normally take a little time for the loan to actually come through. The money was a huge help since i had very little to survive upon, although it still wasnt enough. Student life can cost alot. After some time, i ended up leaving uni without finishing my course due a number of reasons. So i left and informed the student loans co. Every year i would defer my loan as i wasnt yet earning much. Not long after i began another course, which included studying a foreign language. During the period In between the two courses, i worked for a while (extremely hard, doing plenty of overtime ...

Getting straight into debt? (806 words)
by jpegington - written on 29.04.06 (Very useful, 467 readings)
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Ok, now I have not been a student for a number of years and was one of the last few to still get a student grant and had no tuition fees to pay, but still needed a student load to be able to study at Uni. Therefore I ended up with a nice student loan upon leaving Uni. What is the Student Loans Company? This is / was in my time a Gov't scheme to lend you money so that you can study and get a degree. The thinking is that you do not repay the money until you are working and earning £18,000 a year (NOTE: This was the threshold when I took out my student loan, this was reduced down to around £15,000 a few years after I had graduated). When ...

Student Loans Co.: Don't pay back til your working?? It's a lie! (267 words)
by jellybaby76 - written on 29.04.06 (Not useful, 269 readings)
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Took my loan out only in my final year of study. Was able to manage without it til then as I worked. Had to give up the job to cope with the amount of study I had to do. I did work for a while after graduating, but was well below the threshold for repayment so was able to defer it. Apparently they are allowed to change the rules to suit themselves and now I am NOT working, they are demandng I pay. Would love to know where they think I am going to get that sort of money at this point in time! So when they tell you that you don't need to pay it back til you are working.....don't believe them!! In ...