A study shows 60,000 UK graduates overpaid student loans, with refunds available for those eligible.

A study by the Student Loans Company revealed that many graduates overpaid their student loans due to fluctuating salaries, with around 60,000 continuing payments after their balance was cleared. Graduates earning below £27,295 can claim refunds for overpayments. A digital refund service launched in May 2024 has returned £61.6 million, with average refunds of £280 in 2023/24 and £250 this year. To claim, graduates must log into their student loan account and follow the refund request process.

November 01, 2024
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