Open University
Milton Keynes
Deferring for a year liablility to pay student Loan
I am part-time undergraduate OU student with SFE loan that started in October 2014. This year I was granted loan for my third year. I started but after 3 weeks had to defer for a year due to change of personal circumstances. I intend to resume study October 2017. Does the deferral / year out make me liable to start repaying my student loan from April next year (2017). My income is over the threshold? Thanks
(edited 7 years ago)
You might be liable. Really, you'd need to contact your student support team to be sure, though.
Open University
Milton Keynes
Original post by hatnez
I am part-time undergraduate OU student with SFE loan that started in October 2014. This year I was granted loan for my third year. I started but after 3 weeks had to defer for a year due to change of personal circumstances. I intend to resume study October 2017. Does the deferral / year out make me liable to start repaying my student loan from April next year (2017). My income is over the threshold? Thanks
I believe that as your income is over the threshold, you would pay student loan deductions through PAYE from April 2017 until the time you resumed your course in October 2017.
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