Student finance appears to have screwed up and provided a tuition fee loan of 9k instead of the 8k needed for my course. After ringing them up twice last week to get this changed they have sent over a form for me to change the amount I will receive but I really don't see why I should put myself in the risk of getting fucked by this somehow when its not really my fault.
What do you think will happen if they try to pay a grand extra to the university? If they do try to make me pay extra back to them do you think I have a good chance of telling them to go stuff themselves seeing as how its not my fault and I have already informed them of the problem?
I don't understand, they've told you you need to fill in the form they sent you in order to change the amount, so why do you think it would somehow be your fault if you sent it back to them? I shouldn't think you'd have a good case later down the line if they've told you to do something about it and you haven't.
>>3689 in case, for whatever reason, its all a lie and in fact my uni course *is* 9k a year.
My case would be that its their fault and I have already pointed the error out. I shouldn't have to put myself at risk of being short changed by making a formal declaration about this.
>>3690 You're being an idiot. Your university will have told you how much your tuition fees are, most likely in writing. If you need to be told again, ask. Once you're sure how much it is, then return the form. You're already £1000 out of pocket in the sense that you currently owe this money, you say in error.
>>3688 You shouldn't have to inform them of the problem in the first place. If they want to pay your uni £9000, that's between them and the uni. In total, they'll be paying the university a lot more than your £8000, and you aren't responsible for that, so why should you be for this?
It's a tuition fee loan, not a £9000 bank loan. The rules of where it gets spent are different, and completely out of your hands.
Don't fill out the form. In the event that your course is £9000, they will say that you have now volunteered to pay part of the fees by limiting the support you have requested from them. Just like opting not to take a student loan and pay yourself from savings or have parents pay the fees, you might be (in the small print) offereing to help pay for your fees.
They tend not to make overpayment mistakes though, and I'm sure there are other 1st years on your course who are getting a loan as well, so the chances seem to be that you are wrong and saying 'please don't give me the money'.
The uni 99% won't keep it for a laugh, all that stuff is like a stock take because they are a government charity and lead to public inquiries and things, unlike a private business or the police
>>3696 By accepting a loan you are indeed accepting a lot of small print; are you sure advice is accurate, and that he won't legally bound to something down the line?
>>3697 Maybe he'll have to pay back an extra grand, maybe he won't. In any case, it'll be a drop in the ocean compared to the total he'll "owe", and he certainly won't be left with an extra grand in his bank account that he needs to account for. SLC is not in the business of deliberately trying to catch freshers out.
>>3698 I don't know about the OP. But I'll assume he's not a millionaire and doesn't stand to inherit millions. Therefore £1000 is not a drop in the ocean for him. It's a lot of money that he could choose to use very sensibly. I also assume he intends to repay his student loan. It's very much an issue he needs to deal with. He needs to confirm how much his tuition costs him and if necessary inform SLC of their mistake so he doesn't have to pay for it. Alternatively he can determine that his tuition was more expensive than he realised. But don't tell me a possible future £1000 isn't worth a couple of hours now engaging with the system.
>>3703 He won't get an extra grand because the tuition fees are paid directly to the institution, not him. Any difference of a grand on the repayment will be on a balance of £40,000 that will be paid off over the course of 30 years. None of which matters because it's not a real loan and it isn't real debt.
>>3707 I can, however, make a reasonable approximation to both. I can take a guess as to how much it'll be and how long it'll take, because the fees likely won't change much and the repayment structure is based entirely on how much you earn and not how much you owe. I can take a guess as to your understanding from the content of your post - the fact that you think there's "a poible future £1000" in it tell me it's not very good at all.
>>3708 You can't. Did he take any maintenance loans? For how many years? How much will he be earning? You don't have the faintest clue. Speculate all you want, but don't tell me I don't understand when I'm the one sticking to the facts the OP described.
It can be argued that I erred in using the £1000 figure, because he risks paying compound interest on top of that if he doesn't pull his finger out. I was talking about wrongful repayment. I don't understand how >>3701 has been misunderstood, why >>3704 felt any of his post contradicts mine or why you're attempting to seize a position of superiority.
Well to give you lads an update I've still not filled this form
I'm off-put by the fact that it is asking me for details that, to my knowledge, I have yet to provide and that seem like something that they have included for their own good such as the contact details of 2 people I know (in case I move address without telling them). Well, that and I'm a lazy bastard who just stuffed the form in a drawer.
I worked for SLC (rather, for an outsourced telecommunications company representing the SLC) for a few months last year as frontline customer service.
I would strongly advise you to both call your Uni tomorrow and check any documentation they've given you to figure out what you're being charged this year.
If it is 8k, then fill in the change of circumstances form SLC sent you with the corrected details. Do this as soon as possible, when i worked there we had a room full of those fucking forms, that was in september though so it'll probably get taken care of promptly.
Despite what you might thing, or what common sense might dictate this is considered your responsibility, the uni and slc are unlikely to just sort it out on their own because they deal with a staggering volume of applicants are do the bare minimum required to complete the payment process. It's more than possible that the uni will go, err there's a grand extra here, and slc will simply say ok we're cancelling the payment til this is sorted.
So yeah, send it to the address provided, probably darlington, customer reference number and name on a separate piece of paper and a brief explanation of why you're sending it, this in my experience will make sure nothing goes wrong.
