[victoria24]

when you emigrate, do you legally have to repay a student loan? looking at the small print it seems that it's only payable while earning over 15k in the Uk.

[Flutterby]

yes you still have to pay if you go overseas, but the threshold is different!

May be different for older loans, but for the new ones (2006 onwards) this is written into the contract.

[mcacmartin]

Any chance there's any Canadians who know how this works for emigrating Canucks? I have a small student loan that I am going to need to be repaying from NZ.

[CityBlue]

Victoria24

I assume you are looking at paying it if you are requierd to and not asking if you can get away with not paying at all?

If so....

I rang the SLC and they were great. For the first year I got a waiver because I was earning below the NZ Salary threshold they had set. This may apply in your case and it can be re-newed each year as long as you stay below the salary threshold.

The next year I was above the threshold and would have had to pay monthly so I paid it all off as a lump sum.

[James 1077]

when you emigrate, do you legally have to repay a student loan? looking at the small print it seems that it's only payable while earning over 15k in the Uk.

Relevant link to the Student Loan Company website is here:

http://www.slc.co.uk/thresholds/index.html

[victoria24]

i dont have a student loan, was curious as to how it would work if my kids went back to the uk to study then returned to nz (if we make the move)

[IanW99]

i dont have a student loan, was curious as to how it would work if my kids went back to the uk to study then returned to nz (if we make the move)

Be very careful if your plan is for your children to return to the UK to go to University as they will no longer be resident and thus have to pay international fees.

Ian

[victoria24]

good point!

[James 1077]

We're tempted to send the kids to uni in the UK as, when it comes to it, that is where we think they will get the best uni experience. Added to that and I am Cambridge alumni so ideally want the kids to go to university there.

We may therefore have to fork out the international fees - which would be a bit of a pain. But then if we lived in the UK they would have gone to private school so the money we save on that can be spent on university! :)

[victoria24]

how long would they have to be resident in the uk before qualifying for normal fees?

[IanW99]

how long would they have to be resident in the uk before qualifying for normal fees?

See UKCISA (http://www.ukcisa.org.uk/student/fees_student_support.php) for details of how it all works. But the following is the basic rules.

In order to qualify for ‘home’ fees under this category, you must meet all of the following criteria: (a) you must be 'settled' in the UK [see Box 1] on the 'first day of the first academic year of the course' [see Box 2],

AND

(b) you must be ‘ordinarily resident’ [see Box 3] in the UK on the ‘first day of the first academic year of the course’ [see Box 2],

AND
(c) you must also have been 'ordinarily resident' [see Box 3] in the UK and Islands (the Islands means the Channel Islands and the Isle of Man) for the full three year period before the 'first day of the first academic year of the course'. For example, if your course begins in October 2008, you must have been ordinarily resident in the UK and Islands from 1 September 2005 to 31 August 2008,

AND

(d) the main purpose for your residence in the UK and islands must not have been to receive full-time education during any part of that three-year period.

NOTE: It is not necessary to have had 'settled' immigration status in the UK [see Box 1] for three years.

Ian