Student Loans overpaid me: I'm struggling to pay back the loan – BBC Stories i finance loan

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Lottie is one of 20,000 students overpaid by Student Finance England between 2017 and 2018. Student Loans Company are legally obliged to recover overpayments as part of a policy set by the Department for Education. A BBC Freedom Of Information Request found that SLC claimed back £25 million in overpayments across the same period. Lottie says she was given £3,500 in maintenance loan during her first year of university, but was then told that an ‘admin error’ meant she’d been overpaid by over £2,000. When this was deducted from her maintenance loan in her second and third years, she said she didn’t have enough money to live on and resorted to working a full-time job and a part-time job while trying to balance her studies. “It hit home quite hard when I had maxed out credit cards on food shops, and ended up looking round my room thinking: ‘what can I sell?'” Lottie told BBC Radio 4’s Money Box. SLC say that students whose finance is determined by household income need to complete an income assessment. If the information they provide is not accurate, this can result in them being paid more than they are entitled to and the funds being recovered. They said: ‘In this particular case, funds were only recovered from future entitlements when the actual income figures were shown to be greater than on the original application.’ #StudentLoans #StudentFinance #BBCNews We are BBC Stories, a group of journalists making films, long and short, with the younger audience (18-24) in mind. The idea is to tackle issues which concern and impact this group of people. So think about anything from race and identity to mental health, money and much more. ,

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Student Loans overpaid me: I'm struggling to pay back the loan - BBC Stories

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Student Loans overpaid me: I'm struggling to pay back the loan – BBC Stories
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आप यहां बहुत सारी उपयोगी जानकारी देख सकते हैं।: यहाँ और देखें
आप यहां बहुत सारी उपयोगी जानकारी देख सकते हैं।: यहाँ और देखें

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22 comments

THE ONE 03/03/2022 - 6:32 Chiều

Get a job stop wasting time on rubbish education its a buisness university is a buisness,get a job save up start side buisness

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Corey Williams 03/03/2022 - 6:32 Chiều

So she waas struggling, so instead of looking for a high earning grad scheme, she went into further debt via a master's. What a fucking genius.

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X 03/03/2022 - 6:32 Chiều

You either have to figure out a way to go to university without loans or take the loan and quietly pay back what you borrowed. You do not quietly take on debt, and when it is time to pay it back, you start screaming, 'I am a victim'. Nah, it's called 'accountability.'

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D C 03/03/2022 - 6:32 Chiều

these people are making the decision to go to uni,. the tax payer shouldnt be footing the bill of their decisions

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Henry Hunter 03/03/2022 - 6:32 Chiều

Video title is misleading.
Grants are different to maintanence loans.

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Emad Chowdhury 03/03/2022 - 6:32 Chiều

This just happened to me for more than 4K and now they put me on a debt collectors

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«tutacat» 03/03/2022 - 6:32 Chiều

but… its only based on income, not borrowing…

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Sweet Badd 03/03/2022 - 6:32 Chiều

Did she say that her rent was.£700 a month?

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Z K 03/03/2022 - 6:32 Chiều

This happened to me too
Luckily the amount I paid back wasn't as high
However they gave me a month to pay with no option to repay in instalments.
Had I not had the funds to repay immediately, I'd be f***ed.
Even the electric company offers repayment plans for those in arrears, yet the government can't

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WALTER SYLVANIA 03/03/2022 - 6:32 Chiều

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WALTER SYLVANIA 03/03/2022 - 6:32 Chiều

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PATIENCE TAMMY 03/03/2022 - 6:32 Chiều

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PATIENCE TAMMY 03/03/2022 - 6:32 Chiều

I have been battling with whole lots debts from grade 1 to college i incurred over 45k$ in debts ,this has caused me so much trauma which has been a negative impact on me ,i got depressed several time till i came across this financial expert F U N D E AR N E R . C O M ever since i came across fundearner.com i have been debts free and now i make profits from my investments with fundearner.

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MapleJokerRofl 03/03/2022 - 6:32 Chiều

That’s so cute if you look it from an American student with loans perspective . They’re getting rapped with 120k+ loans that accumulate more interest than any other bullshit in the world

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John Kidder 03/03/2022 - 6:32 Chiều

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Danny Kelly 03/03/2022 - 6:32 Chiều

Anxiety LOL

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Seb Jones 03/03/2022 - 6:32 Chiều

I Joined the Army instead going to Uni.

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kimberly Alvarez 03/03/2022 - 6:32 Chiều

If you got overpaid from student loans couldnt you just use the refund check and use the same money the student loan company gave you to pay back the loan??? You wouldnt have to use any of your money

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kimberly Alvarez 03/03/2022 - 6:32 Chiều

If they over paid you, didnt you recieve a refund check from your school and u could have just use that money to pay it back without using your own money ??

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