Will existing loan repayment threshold change in september 2012?
Student loan. My daughter has existing student loan with repayment threshold set at 15k (might be 16) after which repayment is made. I note from Sept.2012 repayment threshold on income rises to 21k.
Does this new threshold also kick in for existing loans? Slowrunner1 2 hours ago .
If you are within two years of repaying your loan in full you can now choose to make your remaining monthly repayments by Direct Debit rather than through PAYE. Student loan repayments are usually collected through the tax system with the Student Loans Company only able to monitor your balance on an annual basis, rather than monthly. This means that it is possible you could repay more than is outstanding on your loan.
If you choose to set up a monthly Direct Debit to pay your remaining balance then we can calculate exactly when you are due to repay, making sure you only pay exactly what you owe. For more information about repaying by Direct Debit, see completing your repayment term.
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