If a student takes out loans during their time in university, and finishes the course with debt. Then gets a post abroad, can the loan be recovered, and if so how?
Tags: Kingdom, loans, Repayments, Student, United
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08 August 2009 at 10:56 pm
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2010-02-08 16:02
09 Aug 09 5:15 am
STUDENT LOANS
Working abroad
If you work abroad, HM Revenue & Customs won’t be able to take Student Loan repayments out of your wages. Instead, you will need to make the repayments straight to the Student Loans Company itself.
You can get more information from the Student Loans Company’s website at http://www.slc.co.uk and you can read more about working abroad.http://www.hmrc.gov.uk/taxandu/wa_index.…
09 Aug 09 5:44 am
If the loan was from the Student Loans Company, it is recoverable by deducting it from wages.
If the graduate is working outside the UK, he should make arrangements to pay if he meets the re-payment criteria. Better to clear debt now than have it hanging over you indefinitely. They will get it in the end.