New figures show university graduates could be eligible for refunds worth nearly £200m.
University graduates across the UK are being urged by a campaign group to check whether they are due a refund on their student loan repayment after it was revealed that nearly £200m was overpaid last year.
It is easy to check whether a refund is owed by logging on to the government's Student Loan Company portal, where individual refunds could range from tens of pounds to more than £1,000.Charlotte Gill is one such former student who was eligible for a refund on her loan payments, to the tune of £68."At the end of the day, it's your money, it’s not the government's money, so if you've got any entitlement to a refund then absolutely take it," she said.
The main reason, behind £146m of the total, is that repayments were taken from people despite them not earning above the annual threshold at which point repayments automatically kick in. Some people may have been put on the wrong payment plans by their employer, while others may have continued making payments after their loan had been paid off in full.
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