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Voluntary Repayment Options

 

Any voluntary repayments you make are in addition to any scheduled repayments you already make through your wages or by Direct Debit. Voluntary repayments can’t be refunded.

One-off repayment

  • You can make a one-off repayment to your student loan at any time using : a debit or ;
  • cheque or postal order; or
  • an international bank transfer, if you are abroad.

By debit card

You can make a card payment by logging in to your online account. We accept, Visa Debit, Visa Electron, Maestro, and Laser (Euro). There’s no charge for using debit card. If you, or someone else, would like to make a repayment towards your loan without logging in to your online account, it’s possible to make a card repayment using just your surname and customer reference number. make a card repayment using just your surname and customer reference number.

By cheque or postal order

Cheques and postal orders should be made payable to Student Loans Company Limited.

Please write your Customer Reference Number or Student Support Number on the back of your cheque or postal order and send it to:

Finance Department Student Loans Company Limited
100 Bothwell Street
Glasgow
G2 7JD

By international bank transfer (IBAN)

We can accept bank transfers from abroad. You must include your Customer Reference Number as a reference so we can apply the repayment to your account.

You’ll need to contact your bank to arrange this type of repayment and they may charge you for the service.

You will need the following details to set this up:

  • Sort Code: 60-70-80
  • Account no: 10027254
  • IBAN No: GB37NWBK60708010027254
  • SWIFT: NWBKGB2L

NatWest address:

NatWest Government Banking Services Branch
2nd Floor
280 Bishopsgate
London
EC2M 4RB

Regular monthly repayments

You can setup a regular monthly repayment to your student loan by Direct Debit or using a debit card online by logging in to your account.

You can also setup a standing order with your bank. Download and complete the standing order form (PDF 504k) and give it to your bank.

You must include one of the following as a reference number so we can apply the repayment to your account:

  • Customer Reference Number
  • GR Number, if the payment is towards a grant overpayment
  • Loan Account Number, if the payment is towards a specific loan

How direct repayments are applied to your balance

When you make a repayment directly to SLC, the way the money is applied to your balance depends on the status of your account. Find out more about the way direct repayments are allocated to your balance.

Pay off your loan in full

If you want to pay off your student loan you must call us on 0300 100 0611 (Mon – Fri 8am – 8pm) or if you live in Wales 0300 100 0370 (Mon - Fri 8am - 6pm) to get an up-to-date settlement figure first.

If you’ve been repaying through your salary, before you call us make sure you have:

  • your last P60; and
  • all your pay slips for the current financial year available.
We need this information to allow us to calculate an accurate settlement figure for you.  
 
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