Under the terms of your student loan credit agreement, you are expected either to make regular repayments, or to defer (postpone) repayment if your income falls under a certain level. For more information please see the Deferring Your Loan section..
If you encounter financial problems and cannot defer repayment or meet your monthly repayment amount, you must let the Student Loans Company know as soon as possible. They will do as much as possible to advise and assist you.
The Student Loans Company may be able to help you by arranging a reduced repayment schedule with them and could ask you to discuss reduced repayment plans with your other creditors.
Bear in mind that if you do arrange for reduced repayments, the full monthly repayment amount of your student loan will still fall due, and part of it will remain unpaid.
You will need to repay these outstanding amounts - the Student Loans Company will work with you to arrange the best way in which to do this.
If you are having difficulties and need to discuss your current arrangements, please contact the Student Loans Company on 0845 026 2019.
If you are calling from abroad please use this number +44 141 243 3660.
