Student Loans: A guide to terms and conditions for EU students

2010/11

provided you are earning over the relevant repayment threshold for the country you are living in at that time.Introduction This booklet contains important information about the repayment of Tuition Fee Loans for EU students. Therefore.gov. or if you will not be paying UK tax for any reason.direct. we may make you pay a penalty charge or we could ask you to repay the loan and any interest and penalties in one lump sum. The full conditions for repaying this loan can be found in the following Regulations: • If your place of study is England or Wales. Living in the UK If you are going to be living in the UK from the April after you leave university or college you will have to make repayments through the UK tax system. If it is determined that you do need to make repayments. . Innovation and Skills. In order to establish whether you need to make repayments. Repayment You will normally be expected to start making repayments from the April after you finish or leave your course. You must read it carefully if you are thinking of applying for a Tuition Fee Loan. You can find more information about this in the 'Repayment Booklet' which is available online at www. the Education (Student Loans) (Repayment) Regulations 2000 as amended. you will still only repay 9% of your earnings over the relevant repayment threshold as specified in your contract with the Secretary of State for Business. The Student Loans Company (SLC) will write to you before you are due to start making repayments to tell you how they will be collected.uk/studentfinance-eu. Living abroad You must contact SLC before you leave the UK. you will need to make repayments directly to SLC. SLC will ask for information about your earnings. If you plan to leave the UK after you leave university or college and will be abroad from the April you are due to start making repayments. the Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2000 as amended. SLC will work out your monthly repayment schedule using the same principles as for those who stay in the UK. Welsh Ministers or the Northern Ireland Department for Employment and Learning. • If your place of study is Northern Ireland. If you do not give us accurate and up-to-date information so that your loan can be repaid. you will be given a monthly repayment schedule. Money that you earn before the April start date will not be taken into account.

co. You will receive an annual statement detailing any payments you have made. You will find a lot of very useful information on the repayment website to help you understand the different thresholds . Please note that you will be responsible for any costs involved in converting the currency. The interest will be 'compounded' (that is. The interest rate can vary from year to year and most changes are applied from 1 September each year.studentloanrepayment. Thresholds To take account of differences in living costs. the repayment threshold may not be the same as in the UK.uk/interest.studentloanrepayment.uk. These thresholds will be updated each year to take account of price changes. The thresholds may change depending on where you live after you finish your course in the UK. Your income will be converted into pounds sterling and you will be advised of the amount you need to pay each month in pounds sterling. the interest accrued and the remaining balance of your loan.go to www.co. Information is also published in certain newspapers as soon as the rate changes.Interest You will be charged interest on your loan from when you receive your first payment until it has been repaid in full. SLC can give you advice on the thresholds for any country. . added to the total amount you owe) every month. although changes can happen during the year too. The most accurate and up to date information on interest rates can be found at www.

You can also write to them at: Student Loans Repayment Enquiries Student Loans Company Limited 100 Bothwell Street Glasgow Scotland United Kingdom G2 7JD EU/SLTC/V10 .Contacts If you have any general questions you can call the EU Customer Services Team on 0141 243 3570. You can also write to them at: EU Customer Services Team PO Box 89 Darlington County Durham England United Kingdom DL1 9AZ. If you have any repayment questions you can call the Student Loan Repayment Enquiries Team on 0845 073 8891 or if calling from abroad on +44 141 243 3660.

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