steve27 Posted November 23, 2014 Share Posted November 23, 2014 Hi All, I have already answered no for this question as I believed the SLC to be a private company. However I am unsure now. If they are a public Authority then I will quickly upload a form 1023 to correct this mistake before I get assigned a CO. Any feedback would be much appreciated :-). Steve Quote Link to comment Share on other sites More sharing options...
steve27 Posted November 23, 2014 Author Share Posted November 23, 2014 Sorry meant to say student loans company in the title. :-) Quote Link to comment Share on other sites More sharing options...
Captain Roberto Posted November 23, 2014 Share Posted November 23, 2014 Hi @steve27 I have a visa and our family will be going over to Sydney in June for 2-4 years. I owe the student loans company as I retrained as an adult. I currently have about £70 per month that comes out of my wage here in the UK. Do you know how this might work when people like us are out of the country? I would imagine it will still need to be paid every month, but am unsure how this might work. I did google it ages ago, but this was before we started the visa process. Any tips would be appreciated. I'm pretty sure it might be a fairly common issue for migrants Quote Link to comment Share on other sites More sharing options...
Vanduex Posted November 23, 2014 Share Posted November 23, 2014 Hi @steve27 I have a visa and our family will be going over to Sydney in June for 2-4 years. I owe the student loans company as I retrained as an adult. I currently have about £70 per month that comes out of my wage here in the UK. Do you know how this might work when people like us are out of the country? I would imagine it will still need to be paid every month, but am unsure how this might work. I did google it ages ago, but this was before we started the visa process. Any tips would be appreciated. I'm pretty sure it might be a fairly common issue for migrants Hello mate, I arrived 3 months ago. Prior to leaving I phoned the students loan company and explained the situation. Said I didn;t have a job etc. They said cheers for calling, we will make a note and we will send you out a form. Form came, really easy, just declared where I was going and that I wouldn't be working. I had to explain I would be living from house sale equity until employed. They have stopped my student loans payments for 12 months at which point I can fill the form in again and be re-assessed. They were really good. Be warned!!! If you leave and don't tell them there is an 'automatic' default amount. Its bloody high. If you phone they won't put you on the 'automatic'. That's my experience. Very helpful and very easy Quote Link to comment Share on other sites More sharing options...
Captain Roberto Posted November 23, 2014 Share Posted November 23, 2014 Thanks @Vandeux - I'll contact them for sure. We have a slightly different situation in that we aren't selling up here, going to rent our place out (see how it goes) I'll need to work pretty soon once we are out there, which could be freelance work. That 'year off' from repayments might still be an attractive option for me if I could get it. Mind you it'll need paying off at some point (it's about £15k!) Quote Link to comment Share on other sites More sharing options...
Quinkla Posted November 23, 2014 Share Posted November 23, 2014 (edited) The Student Loans Company is a private company that happens to be owned by the Government (a GoCo) and is in no way a public authority. Edited November 23, 2014 by Quinkla Quote Link to comment Share on other sites More sharing options...
dmjg Posted November 23, 2014 Share Posted November 23, 2014 We get an assessment form every year from the student loans company in August. We sent a copy of the ohs group certificate (end of tax year wage assessment/tax paid sheet) each year. They then make their calculations. On a wage of about $50k she paid back about £70 per month. On a wage of about $30k she pays back nothing. But it still goes up by indexation of about £18 per month, whether it's being paid back or not. Quote Link to comment Share on other sites More sharing options...
Captain Roberto Posted November 23, 2014 Share Posted November 23, 2014 (edited) Sounds a bit like the rate they ask me to repay here in the UK, except it comes directly of my wage (same time as p.a.y.e). When they ask for the money, do they ask for it all in one go? In which case it would be about £900 I prefer paying monthly but could always save Edited November 23, 2014 by Captain Roberto Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.