Talk:Student loans and grants in the United Kingdom

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Education Mid‑importance

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United Kingdom High‑importance

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Untitled

The figure of £4000 as the maximum loan value is completely wrong. I'm at uni, and from an average income family in the UK, and my loan is over £4700 a year and one of my co-students is getting £8000 a year. I don't know what the maximum is, but it is at least £8000 a year, quite possibly more.

Loan rates

Hi I work for the Student Loans company as a student finance assessor and the rates quoted are over a year out of date. —Preceding unsigned comment added by 62.189.108.219 (talk) 08:37, 12 June 2008 (UTC)[reply]

Merger with Student Loans Company

Seeing as the Student Loans Company is the government agency that provide student loans in the United Kingdom, I thought it might be sensible to combine the two articles, using this one as the main one. Once that's done, I'd be very happy to give it a major update - it's quite out of date and needs spelling and citation corrections. Victor Greenstreet (talk) 01:29, 28 January 2010 (UTC)[reply]

Agree that this article should be the main one. But need a small remaining Student Loan Company article to refer to the entity (looking at the first section in the current article I think that paragraphs 1, 2, 4, 6 and 7 should be in the SLC article, while interest rates, etc all belong in the Student Loans article)Peterxyz (talk) 06:35, 28 January 2010 (UTC)[reply]

I've combined the two into just one article - all of the information in the Student Loans Company article could easily be fitted in here, so I don't think there's any need to have both. Victor Greenstreet (talk) 02:15, 30 January 2010 (UTC)[reply]

Victor - respectifully I disagree. One article should discuss the student loans scheme (history, policy, rates, etc) which involves more than just the Student Loan Company. But there is also valid interest in the SLC as an entity itself - which is why a redirect is not appropriate. Detailed operational issues (such as the recent report into delays in processing applications) probably belong on the SLC article. Further evidence of notabbility, etc is that there is sufficient interest in the operations of the SLC that their committee minutes are released under the Freedom Of Information requests. Please let us agree an approach before firing off and making the changes Peterxyz (talk) 06:58, 30 January 2010 (UTC)[reply]

Apologies - just thought I would be bold and go for it :D My thinking is that student loans in the United Kingdom are provided by the Student Loans Company, so by their very nature they're intrinsically related. You wouldn't be able to mention student loans without talking at great length about the Student Loans Company, and you wouldn't be able to talk about the Student Loans Company without explaining, as you say, the history, policy, rates, of student loans. Splitting the issue into two separate articles would involve a lot of duplicated material. I agree that the Student Loans Company is notable, which is why I have explained its history etc and included a section on the 2009 problems in this article. Kind regards! 129.67.38.15 (talk) 12:21, 30 January 2010 (UTC)[reply]

Dated information

The article contains information about 2009/10 rates that really aren't needed in the article and don't fit into an encyclopedic article. The source for the figures is also pretty weak, given that it's the sole source and really doesn't meet WP:RS. Current fee info can be easily found through existing resources, and the link to the site can be moved to the external links section. Flowanda | Talk 02:08, 17 April 2010 (UTC)[reply]

Further information requested

I was interested to find out about the supply side of the Student Loan Company. Where does it get it's money from? Out of taxation or does it borrow from the government or banks? If a lot of people don't pay most of their loans back, what are the financial implications for the government? There will probably be a massive spate of this in about 30 year's time since (I believe) loans will be written off when the borrowers turn 50. Is this another fiasco like PFI in the making? — Preceding unsigned comment added by Squid57squid (talk • contribs) 19:50, 24 October 2011 (UTC)[reply]

Loan cancellation after 6 years

It appears this is possible after some very strict conditions. It should be mentioned.

https://www.nationaldebtline.org/EW/factsheets/Pages/25%20EW%20Time%20limits%20for%20recovering%20debts/Page-04.aspx

"Student loans There are ‘old style’ and ‘new style’ student loans. Old-style student loans are for students who started their university course before September 1998. New-style student loans apply to students starting their course from September 1998 onwards.

The Limitation Act says that the limitation period for student loans is six years.

The cause of action (when the limitation period starts running) for old–style student loans, is usually when the loan became due for repayment in the April following the conclusion of your course. However, if you asked for it to be deferred within the six year limitation period, this would have restarted the limitation period.

For new-style student loans, the cause of action is likely to be when your earnings reach the set level at which deductions from your wages can begin. Because the Student Loan Company can take money directly from your wages, it might be more difficult to use the Limitation Act. Contact us for advice." - gives the details on that. — Preceding unsigned comment added by 178.190.66.111 (talk) 04:15, 29 August 2015 (UTC)[reply]

Please create table showing the full sliding interest scale

Section "Repayment and interest" para 4 says "there will be a progressive rate of interest dependent on income". It would be helpful to have a list of the actual above-RPI rates are, instead of just saying 'earn between 21k and 41k and interest gradually increases from RPI to RPI+3%' as most webpages do.

Plan 1 / Plan 2 discussion re. repayment seems wrong

https://www.gov.uk/repaying-your-student-loan/what-you-pay and https://www.mygov.scot/repay-student-loan/ -- see that Scottish or Northern Irish students are still on plan 1. The section seems rather written from an English/Welsh perspective. — Preceding unsigned comment added by 134.36.232.54 (talk) 12:16, 20 August 2019 (UTC)[reply]