Student loan refund

[thehillswerebright]

Just thought I would share this as I know a lot of people are struggling just now and I only found out about it recently.

If you have a student loan with SLC and don't make the repayment threshold for the year then you can claim back payments you have made. You can find the threshold limits on the gov website. I think in scotland it's £25k. If you get a refund then it means the balance goes back onto your loan so that's something to think of. I called today and they could go back about 10 years and check it was very simple.

Depends if you made payments or not.
Obviously not if you've never paid anything 😁
But you may have had deductions if you've been paid more in a particular month - for example I was earning under threshold but had extra pay one month due to a backdated pay rise. My annual income was still under threshold but my income that month was above the threshold ÷ 12, so they took a payment, & it was this that I was able to claim back.

Thanks. I will give them a call next week. I made the request via Twitter and they said because I was claiming for 21/22 they needed HMRC to confirm my income for that tax year, so hopefully that’s what’s causing a delay.

Thank you! Thanks to your thread I have £95 coming to me in 4-6 days 😁 I did it via Twitter and was really straight forward !

£675 for me! Thank you! I had no idea about this.

£375 for me and £275 for DH, get in! Thanks OP!

Just wondering how long it took people to get their refunds? I was told 4-6 days over a week ago now but not heard anything.

£205 for me ☺️

Just bumping this for anyone who hasn't seen it - worth a try for anyone who's had a student loan who is struggling coming into the winter.

Just shy of £300 coming my way, thanks OP! 😀

Bump for this excellent thread

Excellent stuff!! Bumping!

Anyone who made contact via the SLC Twitter account - how long did it take them to come back to you, even if just to ask for more information? Thanks!

@knackeredcat I can't speak vis a vis twitter because I called instead but for me the turn around was about a week. Good luck!

Just bumping this. I saved the thread when it first started and have only just got round to contacting them.

Just over £1k coming my way. I had no idea it would be so much.

It's taken most of the day back and forth on Twitter DMs, but once I had my online account sorted with a "secret answer" it moved a lot faster.

@thehillswerebright you are a very marvellous woman! Thank you for sharing this.

Glad to see the loan companies coughing up.

But why should young and older working non-uni people finance the Ponzi scheme aspect of sending 50% of people to university, Mr Blair?

Thanks for bumping this, it reminded me to contact them for tax years 2021/22 & 2022/23. I'll have to wait the 20 working days though as HMRC need to confirm to SLC I wound up my business in December 2021 and am no longer self-employed.

I think I have paid £495.00 to SLC in 2021/22 and £74.00 in 2022/23, however I think I'm only eligible for the £74.00 refunded as I earned £7.00 (yes £7.00!!!) over the repayment threshold in 2021/2022 (£25,007).

I'll post here if I receive anything. They said I'd either receive the refund or a letter explaining why I wasn't eligible. Here's hoping it's the former! Thanks again fir the reminder!

Just wanted to bump this to say you can now do this on the gov website, so no phone calls needed