Hello, I am a Bulgarian student at UWE Bristol. I have a question regarding the re-payment of my student loan.
If I fail uni (let's say in 3rd year, due to failed exams), are the conditions for re-paying the loan the same as if I graduated? Will SLC still take a % of my month salary (assuming I have started working lower paid job after failing university and honestly state my earnings due to my course of life)?
What about savings? If I have savings in my Bulgarian bank account (not the UK one), can SLC take my savings for the repayment of my loan? Can I keep those savings for own purposes or they are immediately taken as a lump sum for the repayment of the loan? What if the savings are in my UK account? Same thing?
Thank you very much and appreciated.
Find everything you need here.