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Making additional payments to clear your balance more quickly
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If you want to, you can pay off your loan more quickly by making repayments directly to us, whether or not your income is above the Repayment threshold.
If you do choose to make voluntary repayments they will be in addition to any repayments collected through the tax system. The repayments which you make on the basis of your income will not be reduced, but you will pay off your loan more quickly by making extra repayments. Only voluntary repayments of £5 or more will be accepted.
You can make voluntary repayments by the following methods:
| CHEQUE or POSTAL ORDER |
Should be made payable to Student Loans Company Limited. Please also write your student reference number (Student Support Number or Customer Reference Number) on the back of your cheque or postal order and send directly to:
Finance Department,
Student Loans Company Ltd.,
100 Bothwell Street,
Glasgow,
G2 7JD |
DEBIT or CREDIT CARD
(Switch, Maestro, Solo, Delta, Visa, Mastercard) |
Please telephone a customer advisor on:
0870 240 6298
Mon - Fri 08:00 - 17:30
Sat & Sun 09:00 - 17:30.
There will be a 1.5% surcharge added to credit card repayments made. Debit cards will not have this charge applied. |
| DIRECT DEBIT |
Please telephone a customer advisor on 0870 240 6298. |
| STANDING ORDER |
please complete and print the standing order form provided here and forward it to your bank.
You must include one of the following references:
- Student Support Number or Art ID, if the payment is towards an ICR Loan
- GR Number, if the payment is towards a grant overpayment
- Tuition Fee Number, if the payment is towards a Tuition Fee Loan
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