STUDENT LOANS

Voluntary Payments

There is also a way to pay your loan off even quicker, as well as having repayments deducted by your employer. You can make voluntary repayments of any amount of £5.00 or more direct to the Student Loans Company yourself, at any time, even if you do not earn above the threshold.

You can do this by sending a cheque to SLC, telling them your name and student reference number. If you do choose to make voluntary payments it will not stop your employer making deductions from your pay for the balance of your loan, but your employer will stop making deductions sooner.

You can get more information by contacting the SLC at www.slc.co.uk/