So more or less it would be wiped off in 20 years, which means that it surely is better for me to pay it back as soon as possible, since paying fixed rate would just extend the period of payments, thus having to pay more interest. Would you agree mr Dx? Also what do you mean past 40? I'm in my late 20s at the moment. One more question, if I agreed a payment schedule with SLC of let's say four large instalments to clear the loan in full. Are they able to give me sort of a discount for the interest, let's say cut the interest amount in half? I am willing to negotiate with them providing that I will be clearing the loan in a couple years rather than 10 or 20 years, so I'm interested whether they can be flexible in such situation.

I graduated in 2015 By the way, the reason I am asking is because I read opinions saying that paying back in full is stupid and should not be done, since student loan is the cheapest possible loan one could have. Regards, Leo

Hello, I decided to pay back my student loan in full or at least in couple larger deposits. Before I do that I wanted to get the experts opinion on this. First of all I am living overseas and am earning above the minimum threshold. I calculated that if I paid the standard 9% above the threshold it would work out to a higher amount than the fixed rate for my country, I will probably ask them to put me on a fixed rate and just pay back my loan within a year. What do you think, should I be doing that or is there any other options you would recommend. Yes the years of paying back will be a bit tough, but it won't be a complete struggle, I just don't want this loan to keep holding me back for the rest of my life.

Okay, but besides that, if I am not planning to be working in UK, can I have peace of mind by simply ignoring them? If I ever do have to work in the UK, sure I'll start repaying it then. Cheers

I don't that is why I am asking for your help but I'll take that as a definite "no, they can't". By the way, I read a little about statute barred, isn't the time period for it supposed to kick in after a first missed payment? Since I did not work in the UK after graduation, it should of began right after that? Even for the new style loans.

But what if I am not intending to work in the UK ever again? Can they take legal action or somehow force me to pay when I am not residing in the UK?

As I said previously I have not gotten into contact with SLC since I graduated, so I would say no, I have not been deferring every year as I haven't sent them a single email or letter with updated employment or residency information. Does that somehow allow them to push me into paying? By the way thank you for taking time and answering my questions dx100uk!

I think the last time I logged onto the SLC website was a year ago to check the digital versions of the letters they sent to my parents house, but I haven't sent them any details of my current address or employment for which they were asking. In fact I don't think I have ever informed them that I even left the country, it just happened after I graduated, and they just kept sending letters to my old address by default. However since 4 year have passed they probably did realize that I am not residing in the UK anymore.

What exactly do you mean by "deferred"? At least in the email they sent me it says SLC. So I believe SLC has either sold my debt or hired Transcom to chase after me. One thing that concerns me is - can they pass my data to their local branch of my country and then try to locate me? They have been calling me for the last week every other day.

Hello, My situation is similar to many others - after graduation I left UK and have no intentions to return any time soon, it has been like that for 4 years now. SLC have been contacting me and sending letters to my parents house in my home country, although I do not live there anymore, however I do reside in the same country. Recently I've been getting phone calls from a phone number which as I researched belongs to Transcom Leeds e.g. a debt collection company. The details of me SLC and I assume Transcom have, are my phone number and my email (been ignoring the emails as well), the address they have is my parents address, I do not reside there anymore. I have never made a single re-payment. So my question is it safe to just keep ignoring them? I see that Transcom does have a branch in my country, but I assume they still have to act under UK law? Am I facing a possibility to go to court if I keep ignoring them? Can I go to UK for lets say two weeks holiday and don't worry about them knowing that I am there? Any comments and answers would be very welcome, thank you.