The way in which student loans are repaid is under reform to address the problem of students losing money due to overpayments. Many graduates have complained of paying hundreds of pounds extra because they were unable to stop repayment being taken from their account once they had cleared their debt, reports Thisismoney. However, the new changes will enable graduates to cancel repayments once they reach the end of their debt, as well as being able to see exactly how long it will take them to clear the outstanding balance. Ian McLaren Thomson, from the Student Loans Company, commented: 'We are aware that when people come to the end of their loans, there is often a very confusing period. "We appreciate that trying to reclaim overpayments can be very frustrating and this is why we are endeavouring to make changes to make it easier." Some 233,000 students are scheduled to finish their university studies this summer. Pareto - Graduate Sales Jobs with the UK's largest companies earning up to £35k OTE
What are these?
Follow on Twitter
Link to us
Read our Blogg
Connect with us