Govt sells student loans to debt collectors

[menousername]

Thoughts?


http://news.sky.com/story/1173225/student-loan-sal...

[menousername]

betrayal

(not me - I am not impacted, its not personal)

[menousername]

thought the whole point was that students were in safe hands with the SLC etc, rules relating to paying back when earning sufficient salary

unless I am mistaken, students are at going to be at the mercy of your usual debt collection firm, probably regardless of status, means, etc etc

[menousername]

RSoovy4 said:

You're mistaken.

If they continue ot pay on time they've no issue.

If they don't then they'll get bullyrammed, of course.

how can they have not been paying on time - deducted at source as a percentage of salary over the threshold. No salary over the threshold means no payment due

where do debt collectors fit into this

[menousername]

thats where I am getting confused... repayment is linked to your tax code etc. shows up on your payslip.

Pretty impossible to avoid it if you go over the salary threshold

what have they sold... aged accounts for grads who are not earning over the threshold, through no fault of their own?