Student Loans Company - Do they actually want my money?

[Matt..]

Why is the Student Loans Company seemingly useless (in anything but giving out money). I graduated in 2006, and haven't paid anything back yet. I have phoned them several times, and usually don't get through to anyone. My last call to them was in October last year when they answered, and said they would contact the company i work for and sort everything out. They also mentioned this takes several months. Now i find out they haven't bothered to do anything

So they never answer the phone. When they do they don't do what they say they will. They also send maybe one letter a year out, and that doesn't always seem to happen.

Does anyone else have problem with repaying their loan?

Does anything actually happen if you don't repay the loan because of their inability to do anything they say they will?

[Chr1sch]

i had a nightmare when i moved companies, and it is actually your payroll dept to notify them and fill in certain docs i believe.

I think there is actually a clause, or certainly used to be, that if it was unpaid after 25yrs then it is written off, although that maybe a myth...

[cs02rm0]

Ssshh. I'm hoping they won't notice.

[MrFlibbles]

I started paying mine back 4 years after i graduated in 2003. I randomy got a form from the revenue through the post and started payments automatically a month or two later. I had been over the £15000 earnign threshold straight after graduation.

Enjoy it while you can!

[angryS3owner]

I wouldn't worry they'll be in touch in the end, I've just been laughing at the fact I've already overpaid by over £300 and they won't stop taking the money unless I actually tell them what they should already know (and they want copies of all my pay slips for the last year).

[mdotd]

Lucky bugger; I pay contributions through my employer; for the year July 07 - July 08 I paid back £250; interest for the same period? £242!!! Basically it's taken me 12 months to reduce my debt by £8! Thank god my debt isn't that large...

[stigmundfreud]

student loans, by the way, should be paid in vouchers just like benefits should

[cqueen]

stigmundfreud said:

student loans, by the way, should be paid in vouchers just like benefits should

Err why? you have to pay student loans back it- with interest which has gone up massively in the last year or two.

It's no hand out like benefits.

[stigmundfreud]

it would stop a lot of the people that take loans out and yet still spunk it all on stuff they dont need

[Simpo Two]

It was all so much easier when I was a student in the Thatcher days. Means-assessed grants. No problem.

And yet somehow New Labour has got more people than ever paying for rubbish degrees of no practical use whatsoever.

[stigmundfreud]

thats why I never did a photography degree

[cqueen]

stigmundfreud said:

it would stop a lot of the people that take loans out and yet still spunk it all on stuff they dont need

I bought a motorbike with mine... awesome!

[Alfa_75_Steve]

cqueen said:

stigmundfreud said:

it would stop a lot of the people that take loans out and yet still spunk it all on stuff they dont need

I bought a motorbike with mine... awesome!

We bought this:

[stigmundfreud]

Alfa_75_Steve said:

cqueen said:

stigmundfreud said:

it would stop a lot of the people that take loans out and yet still spunk it all on stuff they dont need

I bought a motorbike with mine... awesome!

We bought this:

I dont know which crime you deserve the slap for. The car or that lumberjack shirt

[Alfa_75_Steve]

Nothing wrong with either.

In 1998.

[stigmundfreud]

is that a 200sx in background?

[Alfa_75_Steve]

stigmundfreud said:

is that a 200sx in background?

Yes, it is.

Father in law's company car. Replaced by a Jag S-Type.

The 200SX was eventually written off (he gave it to the brother in law after buying it from the company) when an HGV drove over the bonnet.

Not a great loss, as it was a Touring spec. auto.

Fast car, but I never really liked it - typically Jap. over-tanned leather, and you could never get comfortable in the passenger seat due to intrusions into the floorpan. Sure it was fine for the driver, though.

[Tom_C76]

Matt.. said:

Why is the Student Loans Company seemingly useless (in anything but giving out money). I graduated in 2006, and haven't paid anything back yet. I have phoned them several times, and usually don't get through to anyone. My last call to them was in October last year when they answered, and said they would contact the company i work for and sort everything out. They also mentioned this takes several months. Now i find out they haven't bothered to do anything

So they never answer the phone. When they do they don't do what they say they will. They also send maybe one letter a year out, and that doesn't always seem to happen.

Does anyone else have problem with repaying their loan?

Does anything actually happen if you don't repay the loan because of their inability to do anything they say they will?

What happens is that you're racking up interest at an impressive rate. My ex if she only makes the standard deductions from salary has a debt that grows each year, so yours is probably an spectacular sum by now...

[deviant]

So I finished uni in 2000. I have never been asked to pay anything back.

4 years a go I moved out to Australia and according to my parents there has never been any more contact from them.

Does this mean they know I have left the country and have forgotten about it until I return?

[skip_1]

It would appear that they take a random amount out of my pay each month, it seems there is no percentage just what they choose to take

Still i'm just gonna skip off to Australia in a few years and they can sing for the rest