What if I'm having difficulty making repayments?
Find out what your options are if you’re having difficulty making repayments.
If making your full student repayments will put you into financial hardship, give us a call as soon as possible - see "Contact us" for details. We'll talk through your options and work with you to find a solution.
When you may be charged a late payment penalty
If you don't make your repayments in full by the due date, you'll be charged a penalty of 1.5% per month until you have repaid the total amount. Late payment penalties do increase your debt and we encourage you to call us before you get into difficulties so we can help you avoid this.
If you become bankrupt
If you have a student loan, this will be included in your bankruptcy. You do not have to repay your student loan after you have entered bankruptcy.
Back to Paying off your loan
Date published: 27 Sep 2011
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