Student loan repayments

[mizu]

Sorry for yet another student loan thread.

I graduated in 1995 and have 3 loans from '92, '93 and '95 totalling £4,000.
I have never earned enough to pay it off.

I have been offered the opportunity to increase my hours at work for a year to cover my manager's maternity leave.

This will put my salary over the £24,000 I need to earn to start paying back the loan. I will start the increased hours after half term so end of Feb.

The student loan company usually send me a letter around April time or May.

My question is, once I start paying it back will I have to continue paying it back when my salary goes back down next February?

Is it worth calling them and talking to someone?

Grateful for any replies.

Yes you can deferr annually - I have 3 loans from around the same time period -.deferred for years as never earned enough, then briefly went over the limit and made payments for a year. Then mat leave / rreduced hours took me back below it again.
Beware though you can't do anything within the student loans "year" (or at least that was the case previously)- you have to wait for the deferment letter again.
I've finally only got 3 payments left , it feels great!

Thanks for the reply, when you say student loan year, do you mean April to April?

And will they send me a deferment letter even though I'll be paying the loan back?

I don't know if it's different depending on who owns your loan now but I seem to remember September being the deferrment month? They will be able to tell you that tho. I think I had to ring to.ask for a deferment form - I've been paying mine monthly for few years now and havent received a deferment letter in that time

Thanks a lot. Think I will give them a call then.