What happens if you don't pay student loans UK?
You must let SLC know before you leave the UK. If you don't, they can charge penalties on your loan and where necessary, ask you to repay the full amount of loan plus interest and penalties in one lump sum. SLC will ask for details of your income and will work out how much you should repay each month.
Why did my loan go into forbearance?
You can request a general forbearance if you are temporarily unable to make your scheduled monthly loan payments for the following reasons: Financial difficulties. Medical expenses. Change in employment.
How long can you defer a loan for?
Can I defer student loan repayments?
Student loan deferment lets you stop making payments on your loan for up to three years, but it does not forgive the loan. You must apply (and qualify) for deferment unless you are enrolled in school at least half-time. Interest on federally subsidized loans does not accrue during the deferment.