Student Course loans repayments for a pensioner

I will retire in June 2024 at the age of 61.
I am considering starting a degree course in October 2024 through the OU. The course will likely take me 6 years to complete.

I understand that I can apply for a loan to cover the tuition costs of the course, but am struggling to understand the repayment regulations.

In retirement I will have income from a Government pension, a money purchase pension, and likely ISA income from investing lump sums payable when I start to draw my pensions. I will not have a state pension until after I complete the course (assuming it takes 6 years). My wife is also retired and has both a state pension, and a Health Service pension.

What income sources are taken into account when determining income for the purpose of loan repayments?
When will the repayments start?

(edited 1 month ago)

Reply 1

Leah SLC

Official Rep

Hi there. For this query we will need you to contact our Repayments department, as we don't deal with repayment queries on this forum.
If you prefer to communicate to them via chat then you can message them on X (Twitter): https://twitter.com/SLC_Repayment or Facebook: http://m.me/SLCRepayment
Alternatively, they are also available on the phone. Their number is 0300 100 0611 and their opening hours are Mon-Fri, 8am-6pm.

Thanks, Leah.

Quick Reply

Latest

Articles for you

Student loan repayments

How do students cover the cost of going to university?

Postgraduate Master’s Loan Repayment

Understanding undergraduate student loans

Student Course loans repayments for a pensioner

Quick Reply

Related discussions

Latest

Trending

Trending

Articles for you