You are here: Home - Credit Cards & Loans - News -

Graduates can now see up-to-date student loans information

Written by:
The Student Loans Company has launched an online repayment service allowing millions of graduates to see more up-to-date information about their balance.

The online repayment service was announced last year and now it is live, graduates will be able to better manage their repayments, particularly if they’re close to clearing the balance.

Previously, graduates received an annual statement by post containing information which could have been out of date due to the infrequent data sharing between HMRC and the SLC.

This could lead to over-repayments on student loans. Going forward, graduates will no longer receive an annual paper statement as they will be able to view their balance online.

It will also mean graduates can switch payments to direct debit as they reach the final stages of their loan repayments, update contact details and make one-off payments.

Universities minister, Michelle Donelan, said: “I am pleased that millions of students and graduates will benefit from the new service, making it easier for them to keep track of their student loan repayments.

“Our student loan system helps anyone with the talent and drive to benefit from university, and we have invested in these improvements to make it as simple and easy for people to use.”

Steven Darling, director of repayments strategy at the SLC, said: “Our goal is to make student loan repayment as simple and easy as possible. In these difficult times, most customers want to keep track of their finances and our new online repayment service has been designed for and by customers to make it easier to do so.”

Graduates can sign in to their account at by using their 11 digit customer reference number and password.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape for summer, and moving your cash savings to a higher paying deal is ...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Privacy Preference Center





Read previous post:
Boots and John Lewis confirm branch closures

Boots has announced nearly 50 optical stores are to close while John Lewis said eight stores will remain closed due...