Credit: Sakeeb Sabakka – Flickr
A amount that is huge therefore be sure to determine if you’re one of these! As a whole, the numbers due a student loan reimbursement soon add up to more than 100,000 plus some Freedom of Information needs have actually revealed the breakdown that is eye-watering.
|Tax 12 months||No. Of grads spending ahead of the April after graduation||No. Of grads that have currently gotten refunds|
This shows 101,100 of you might be qualified to receive a refund but have actuallyn’t claimed it – when you have actuallyn’t already, look out those payslips and obtain checking.
Simply how much would you be owed?
We’re maybe perhaps not chatting sums that are small either. The refund that is average out to claimants whom overpaid within the 2014/15 taxation 12 months ended up being simply over ?395, whilst in 2015/16 it had been ?370 plus in 2016/17 it absolutely was ?266. Clearly, there aren’t any guarantees, but it’s well worth the phone call in our opinion if you end up with a couple of hundred quid back in your bank account.
?74 back just by ringing up and asking after we shared the story earlier this year, Save the Student reader Olivia Gledhill managed to claim. You’ve got nothing to readily lose.
Just how to check always whether you’ve started spending your education loan right back too early
All you must do to discover whether you began making repayments prematurily. Is to find a your hands on a payslip from prior to the April once you graduated. It will state quite clearly simply how much has been deducted from your own wage for your education loan repayments (see right).
Don’t be concerned about totalling up how much cash has been taken too soon – the SLC can do the time and effort for your needs.Continue reading