UK Student Loan Repayments

Do I pay back student loan if I move abroad?

How can you repay the Student Loans Company from abroad? On the Overseas Income Assessment Form, you’ll see that the SLC ask for your UK bank details. That’s so they can set up a Direct Debit, which is the easiest way for you to pay, as the money will come directly out of your account via a regular repayment schedule.

Can I pay my student loan from abroad?

The federal government does not prohibit borrowers from moving abroad when they have student loans. No matter where you live, you can still make your payments. Private lenders also do not have restrictions on where you can live while paying off student loans.

Can student loans follow you to another country?

With no statute of limitations on federal student loans, it does not matter when you return to the country – the government can always take you to court. While private lenders abide by a different set of rules, this also does not mean that you can escape collection agents. They will come after you to demand payments.

What happens if you don’t pay your student loans and leave the country?

Nothing will absolve you from your student loans or make them magically disappear, not even moving to another country. Interest will continue to accrue, and your overdue payments will keep racking up. The most viable option for pausing payments is to seek deferment or forbearance.