Leave me alone (Student Loans Co.)

Member Name: jacobite

Product:	Student Loans Co.
Date:	17/08/00 (34 review reads)
Rating:

Advantages: no comment

Disadvantages: Students shouldn't have to do this

I took out a student loan of £1000 back in 1994. Unfortunately, since then I have not been in a position to earn enough to pay it back.

However, almost every year I have problems with the Student Loan Co because they do not acknowledge my deferral request. I then get letters telling me I have to start paying them. I know someone who has had quite a bit of money taken directly out of his account to pay back a student loan even though he is not earning much money and had applied for deferrment.

I believe education should be free not just for the rich. Yes, it seems great at the time when you get a cheque from Student Loans but, remember, you have to pay it back or spend a life of having the Student Loans Co on your back.

I signed at a time when my gross earnings per month needed to be quite high, now it has to be over £1500 before I start paying it back (I should be so lucky!). I would have no problem with paying it back if I earned that money but I never have, yet money has still been demanded from me.

Summary: