AWUK Posted March 4, 2014 Share Posted March 4, 2014 I will start paying back income assessed student loan in April and don't want to be hit with transfer fees every month and having an automatic direct debit. Does anyone have advice on alternative ways for making the payments? TIA Quote Link to comment Share on other sites More sharing options...
AJ Posted March 4, 2014 Share Posted March 4, 2014 Cant you transfer one large amount every 6 months or so into a UK bank account and pay your loan Direct Debit from there. Quote Link to comment Share on other sites More sharing options...
BertieBear Posted March 8, 2014 Share Posted March 8, 2014 I don't think the SLC let's you pay directly from an Aussie account.... Quote Link to comment Share on other sites More sharing options...
Cal2 Posted March 8, 2014 Share Posted March 8, 2014 I'd contact them and ask Quote Link to comment Share on other sites More sharing options...
Guest guest73691 Posted March 12, 2014 Share Posted March 12, 2014 Its worth checking, but not sure they do let you pay directly from an Aussie account. I transferred my payments into a UK bank account and paid SLC that way - from memory I think this seemed to be the only option. I know when I rang SLC to pay off the remainder of my student loan, I was told I could not use an Australian debit card to make the payment. Bit of a pain! Quote Link to comment Share on other sites More sharing options...
fourcorners Posted March 12, 2014 Share Posted March 12, 2014 When I paid mine I could only do it from a UK account, so I used to transfer larger amounts which would cover the payments for 3-4 months each time. Then as soon as I could I paid the whole lot off, yey! Quote Link to comment Share on other sites More sharing options...
wolvesaussie Posted March 12, 2014 Share Posted March 12, 2014 do you actually have to pay it? England copied the Australian system, I went to uni in australia then went to the UK for 10 years, never paid a cent and you dont have to, it is deducted from australian earnings, if you dont earn anything in australia you dont EVER have to pay it.. is it not the same the other way around? There was even something in the paper about it the other day how many students NEVer pay it off... as they go to London or china and never come back Quote Link to comment Share on other sites More sharing options...
Guest guest73691 Posted March 12, 2014 Share Posted March 12, 2014 Yes, you still need to pay your loan repayments if you are working overseas and earning over a specified threshold (which varies depending on country). You need to notify the SLC when you move abroad and arrange to have your repayments assessed, based on your earnings. Quote Link to comment Share on other sites More sharing options...
fourcorners Posted March 12, 2014 Share Posted March 12, 2014 My friends tried to pull the wool over the SLCs eyes and claimed they were 'travelling', but they got chased up a few years later and have now had to start paying it back, plus 4 years of interest at 4.5%. Quote Link to comment Share on other sites More sharing options...
Eera Posted March 12, 2014 Share Posted March 12, 2014 do you actually have to pay it? England copied the Australian system, I went to uni in australia then went to the UK for 10 years, never paid a cent and you dont have to, it is deducted from australian earnings, if you dont earn anything in australia you dont EVER have to pay it.. is it not the same the other way around? There was even something in the paper about it the other day how many students NEVer pay it off... as they go to London or china and never come back The old system (when the loan way first introduced) was a mortgage-style payment where you had to agree to let them debit it. They changed it into an automatic right to retrieve in the late '90's. If you had one of the older ones you could basically ignore them, and if you did it for 7 years they couldn't force you to pay any more. The new style one is not like that and there are now agreements between countries to get it recovered, but I can't remember if the 7 years out of contact thing still appplies. There's some legal term for what the debt transforms into, can't remember off the top of my head but there are lots of discussions elsewhere on the internet about it. Saying that, a friend rang SLC to see how he could repay from overseas and the customer contact said "why bother..?" (he did though) Quote Link to comment Share on other sites More sharing options...
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