does anyone know what happens with student loan repayments (currently coming out of my monthy wages) if I were to go away on a working holiday for a year or move to another country permanently?
2006-09-13 04:20:34 · 9 answers · asked by Dipa B 1 in Education & Reference ➔ Other - Education
If you go permantly they can't trace you as you will be given different details as they contact and stay in touch with you through you british national insurance number. But be carefull remember when you applied for the student loan you signed the forms which asked you to declare if you were moving abroad, this acts as a binding contract so if you want to do it legally phone student loans up and inform them where your moving and establish a different method to repay the loan.
2006-09-13 04:24:04 · answer #1 · answered by Jay 2 · 0⤊ 0⤋
They'll be there, waiting Mwaaaa haaa haaa haaa (cue ominous thunder)!
Seriously though, you should ask your loan provider what the best way to continue payments from overseas. When I went to England for two years on a working holiday visa, I was able to simply mail personal cheques (in pounds sterling) back to my bank account in Canada and my loans were automatically deducted from there.
2006-09-13 04:24:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Thers no escape where ever u go they will follow untill its all paid off but they can go direct debit as long as u still earning over 15.000 a year. see ya
2006-09-13 04:23:35 · answer #3 · answered by slimdeeds 2 · 0⤊ 0⤋
You have to pay them no matter what. You are responsible for it, unless you want a big negative in your credit.
2006-09-13 04:22:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
you would still have to pay them. they will find you if you don't and then sentence you to a prison term. i had a friend leave the country with debt and he spent a year in prison.
2006-09-13 04:23:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋
im sure you would carry on paying them as normal! if you earn over a certain amount of dosh!!
Might be best to phone them
2006-09-13 04:23:28 · answer #6 · answered by marine_biologist2005 5 · 0⤊ 0⤋
you can run, for a short while, but as soon as you enter this country bam!
they have credit tracers these days that will find you no matter what
2006-09-13 04:33:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If you do not settle & go the guarators will be hauled-up and the collateral surety, will be taken over, by the lender.
2006-09-13 04:30:23 · answer #8 · answered by Anonymous · 0⤊ 0⤋
They go with you
2006-09-13 04:22:01 · answer #9 · answered by usamedic420 5 · 0⤊ 0⤋
if you are honest then you will pay it back
2006-09-13 04:22:33 · answer #10 · answered by Anonymous · 1⤊ 0⤋