If you're having difficulty making your 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 become bankrupt, any student loan balance that you have incurred will be written off. However, if the bankruptcy is later annulled, you'll need to continue to repay the loan as if you had never been bankrupt.
Back to Paying off your loan
Date published: 17 Jul 2009
Back to top
