Property News · July 16, 2016

It’s borrower beware when it comes to student loans


Louise Winmill finished her repayments, only to be asked for more six years later – and she’s not alone in having troubleA woman who was told in 2010 that she had paid off her student loan in full has become the latest person to fall foul of the “shambolic” Student Loans Company. Six years after apparently making her final repayment the government-owned organisation has, out of the blue, claimed that Louise Winmill still owes £1,112 – plus interest.Winmill thought she had seen the last of the SLC back in November 2010 when she used a work bonus to pay off her outstanding student debt of £3,394. At the time her employer was sent a note by HM Revenue & Customs instructing it to cease loan repayments. She was also sent a letter by the SLC confirming that the loan had been repaid in full. Continue reading…

Source : theguardian.com
Read more…It’s borrower beware when it comes to student loans

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