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Help get rid of your student loan debt - please sign

8 replies

CatMad35 · 22/03/2020 13:12

chng.it/4s5MYMcd

OP posts:
TheLovleyChebbyMcGee · 22/03/2020 13:21

I'm sorry you are struggling, but do people that have paid it off get refunded then?

Its the lowest rate of interest on any loan, is it worth speaking to them in case you are overpaying? I remember my payments were only £40 a month!

toomuchfaster · 22/03/2020 13:22

Lots more info needed as that is a dodgy looking link.

FAQs · 22/03/2020 13:24

As long as I can get a refund on my which took years to pay off

Constantlurker · 22/03/2020 13:26

Yeah, I'll take a refund in that case.

Dinosauraddict · 23/03/2020 06:42

Sounds like you have buyer's remorse that you didn't do a 'more useful' degree from the link. Don't get me wrong, I'm still paying off my loan, and hate having the 'debt' but my understanding is that it is not relevant to Covid as your link implies - anyone who loses their job, or loses a large proportion of their salary, or is is temporarily too ill to work will automatically have their repayments paused until they are again earning above the threshold. For anyone who heaven forbid dies due to covid, it's not a debt that has to be paid by the estate. For anyone who lives but is too ill to work again, the debt is completely wiped. I get that the interest is a pain, and I have been personally trying to make voluntary repayments on my loan to get rid of it sooner and avoid so much interest, but that would only be advised in limited circumstances (when you are definitely going to pay back the full loan anyway).

B0y0naBike444 · 24/03/2020 04:09

I thought that people only repaid student loans if they earn over a certain amount per month
Otherwise the loan is never repaid

Lipstickandlashes · 24/03/2020 07:24

I went to university around the same time as you and I thought if was made very clear exactly what we were taking on.

Widowodiw · 24/03/2020 08:11

What are you on about?

Think of it as a tax rather than a loan. You don’t actually have to pay it off as you never really get that money to pay it off.
It’s taken off you before it gets to you. That tax is in proportion to what you earn, don’t work don’t pay. Earning less due to coronavirus you pay less back.

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