Student Loans

[Lurker]

Are there any other students out there who have not yet had their student loans processed even though they have applied months ago! It is impossible to even contact Student Finance Direct as the phone lines are jammed. Our local Education Committee are tearing their hair out trying to deal with complaints. So much for the Governments brilliant new system this year! Meanwhile, what are students meant to be living on until it is sorted out?

[FP]

Hi Enigma,

He had a letter last week (dated 4th October) sent to our home address saying that he could get a �1000 interim payment until his application was processed and that this would be paid before term started!!!!!  I forwarded that to him at Uni.(one week into term and two weeks after registration)

The next day they posted his full termly loan amount into his bank account with no explanation.

Today both my husband and I got individual letters thanking us for giving our financial details and saying they were dealing with his loan request and would let us know about our contribution for tuition fees in due course.  We sent in the information at the end of May.  The letters received today were dated 11th October!!!

Meanwhile, my son tells me that he has received a letter telling him what our contribution to his tuition fees is.

What a Bl..dy mess, would you agree?

Thanks for enquiring.  At least he's got some money now.  However, in the meantime his expensive mountain bike has been stolen and his car has been broken into and his CD player stolen.  Good start to the term, eh?

 

Be st wishes

xx

[enigma]

Dearie me Fakeplastic , what a shambles eh ? You must have been ready for tearing your hair out .... or someone else's lol ! I'm sorry to hear that your son's had such a rotten run of luck lately - that's awful. Still , they say it comes in threes so hopefully it's someone else's turn now ! Maybe it'll go in reverse and he'll get three lots of good luck. Remind him to put that lottery ticket on and remember his dear mum if his numbers come up ! I see that Tramp's answers seem to have been removed. What on earth was all that about ? I read it a few times and didn't quite get the one about me. I don't know that user but they were saying that I didn't work for the Student Loans company , was I still going to the Christmas party and they would call me later. Eh ??? What does that mean , answers on a postcard please. I seem to be taking over from you on the abuse front because I got a horrible reply to one of my questions , calling me what I can only assume were filthy names (Profanity filter obliterated the offending words) and saying that he/she had killed my mum ! Why are some people so nasty on AB lately ?

[ManiacPony]

Student Loans Company and the words ****-up / Brewery spring to mind, they are the most useless organisation I know. Having spent ages on the phone trying to get through to find out why they hadn't been taking money from my new job, they told me they hadn't even worked out any figures and my account was still as it appeared over a year ago. Anyone out there waiting for some information from them, well I wouldn't hold your breath.....

Nice to see the government has buggared up education in this country first with student loans, and then by making a **** up of the loan system too.

[Supernick]

Don't want to be a doom-monger but I graduated over 4 years ago, hold down a decent job, and have earned well over the �10,000 limit for 3 years, but can I pay back my student loan? No! Between the student loans company and the tax office squabbling over whose fault it is, I haven't been able to pay a penny, and all the time the interest is building of course. Your troubles may not end with receiving the loan in the first place!

[FP]

Have just seen the last two answers on this thread.

 

Thanks for your comments.  Nothing surprises me about the Student Loans Company!  My son now has his, but there are still loads of people out there still waiting!  And according to Supernic and ManicPony, our troubles are far from over.  The next thing on the cards will be outsourcing to India, I suppose!

[justin101]

This site gets more and more like the Daily Mail letters page every day.

[arthurstace]

Only the mentally ill write into newspapers, and those who trouble the Daily Mail letters page are utterly ga-ga.

[Eoini]

What happened to dysmal, i think he's took on board what you said. Good good he needed educating!
In my opinion i don't think students should have to pay back their student loans, or at least not all of it... and interest is just a joke!
But living in this toryesque government run country, i doubt anything like that would ever happen.
Aww well... anyway...
Is there a time limit on when the loan has to be paid back?

[k8_doran]

Hey,

I didnt think that the student loans have interest put on, or if so very very little?

[Big_davey_61]

Well it is 23:21 and i am sitting here at student fiance direct in Glasgow sit dealing with "intelligent" students who did not realise they had to fill a form out every year. 

"What you mean i don't just get money put in my account every year regardless of circumstances!!!!!!!"

Last summer to be fair was a nightmare but not to pass the buck again, SLC only do what they are told from the LEA So if one burgh of London for example has employed 5 people to process 10000 forms then you might begin to understand why they was a back log.
As for all your poor babies who can't get through and have to get their parents to phone up (ah bless) why don't you cut the umbilical  cord and let them deal with it themselves. ITS THERE LOAN!!!!!!!.  If you called up your child's bank do you think they would discuss financial matters to anybody else apart from the customer.  no they would not,  ITS THE LAW.
 
But in closing may i make a suggesting.  Why do they not fund there buying of pot noddles, cider and 7 nights out in the pub a week (trust me your son/daughter is doing it no matter what they tell you) go out and (come closer now) GET A PART TIME JOB.  Jesus i am in my 3rd year but still manage four  6 - Midnight shifts a week at a very nice rate ( thank you student loans company).

[johndee]

Having dealt with Students Loan **. ** behalf of each of my five offspring I can tell you that the only successful way I have been able to contact them (and I have always had a prompt posted reply) is by fax.
Their fax number is on all of their correspondence.
Hope this helps,

[arthurstace]

It's no wonder that young people get annoyed with the Student Loans Company when it employs so many shiftless, sneering, ignorant jobsworths.

Why, I know for a fact of one member of staff who can't even properly punctuate a sentence or correctly spell "their".

[Big_davey_61]

Many thanks for correcting me.  You must have an English degree.  So you properly owe us money.  But more than likely you have no job in which to do this and want to defer payments for another year while you find yourself.
 
MacDonald�s would be a good start. And just to also point out old people also hate us.

[arthurstace]

Big_davey_61 - thanks for the bizarrely presumptious and almost entirely erroneous reply.

[Step666]

Eoini siad: In my opinion i don't think students should have to pay back their student loans, or at least not all of it... and interest is just a joke!
But living in this toryesque government run country, i doubt anything like that would ever happen.
Aww well... anyway...
Is there a time limit on when the loan has to be paid back?

I like your thinking - I'd love not to have 4 years of a loan hanging over my head when I graduate. And it's not like it's enough to live on anyway, I have to work at weekends - oh, and the forms that stop you from being taxed if you're a student only apply to jobs outwith term rime so I've got the joys of self-assessment paperwork to come too.
As for a time-limit on the payments, you pay it back at a rate determined by your salary and if you haven't payed it all back by the time you're 70 the remainder gets wiped out.

I think it's terrible of the government to not only remove grants (like they all got) but to then charge people to get an education...
God help us when Top-up fees arrive!

[ahmadrana]

Yes, I have friends whose loans still haven't come through. In response to dysmal, of course they know the rules, but the Government haven't kept to the dates they intended, so not the fault of the students. Your response sounds like typical anti-student winge winge, based on stereotypes and assumptions. Please visit our link given below [url/]http://www.globalfinanceschool.com/interactive-courses/introduction-stocks[url]