Ok I'm gonna rant but I'm actually quiet pleased. After reading the student loan thread yesterday it got me thinking about where i'm up to with mine.
I never receive any statements so rang them up a min ago to ask where I'm at.
Balance just over £2,000 he says.
That sounds a lot says I
Oh, hang on a minute, it looks like we haven;t received payment yet from the 09-10 tax year.
It turns out that Inland revenue deducts the money from me on a monthly basis. Then holds it. At the end of the tax year they give the student loans company a lump sum.
All seems a bit backwards but it means that despite being deducted about £173 a month over the last 18 months the students loan company hasn't seen a penny of it.
Now for the good news… It looks like I've well over paid as they haven't taken this into account. So I probably should have finished paying about 6 months ago. Looks like after I fax a few wage slips back to them and a P60 i'll be getting a hefty rebate 🙂 Cha ching!!
It really boils my pi$$ though that another screw up has been shafting me out of £173.00 a month for a while now!!
Should I be demanding interest on the overpayments or just grateful to get them back?