Tens of thousands of graduates have overpaid their student loans by a collective £45.4 million, new data reveals. We explain how you can get your money back below.
Millions of g raduates will pay less interest on their student loans from September, while more people with a pre-1998 mortgage-style loan will qualify to defer theirs from then too.
Students expecting the next instalment of their maintenance loan in January are being warned to be wary of phishing emails that attempt to steal the money as a spike in scams is predicted.
Many customers of Erudio – the firm which manages some pre-1998 mortgage style student loans – have been left baffled over the last few days after receiving debt demands with old dates on them.
Muslim students in England will be able to get alternative student finance acceptable under Sharia law the Government has confirmed, although this will not be available until 2016 at the earliest.
Halifax, Lloyds TSB and NatWest have been exposed as being as bad as Wonga when it comes to sending customers misleading debt demands purporting to be from external solicitors or debt collection firms.
If you're one of the 58,000 former students who received the wrong correspondence about their loans, look out for packs containing the right paperwork coming in the post.
24 July 2014
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