Overseas Income Assessment
If you have Income Contingent Loans (loans taken out from 1998) and will be overseas for more than 3 months, completing an Overseas Income Assessment Form will enable us to calculate how much you need to repay.
On the Overseas Income Assessment Form you should provide us with details of your circumstances and prospective income. You will also be required to provide evidence of your income or means of support.
We will then send you a repayment schedule showing how much you need to pay each month. Your monthly payments will be based upon the earnings threshold for your destination country – see Overseas Thresholds for more information.
If you have not yet completed an Overseas Income Assessment Form you can download a copy by clicking the link below:
Please note: This form should only be completed and returned to the Student Loans Company once your account enters repayment. Repayments commence in the April following your graduation date or the date you leave your course.
If your income changes while overseas
Normally your scheduled repayment amount is fixed for a 12 month period. However, you can apply for a reassessment of your scheduled repayment amount at any time if your income level falls.
You can also apply for reassessment if you are moving between countries with different threshold bands provided you are moving to a country with a higher threshold band.
You should contact us on +44 141 243 3660 to advise if you need your repayment amount reassessed.
