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What will be applied to all loans currently being serviced by thesis servicing for the?
The Department for Education (DfE) have confirmed that the new interest rate to be applied to all loans currently being serviced by Thesis Servicing for the period 1st September 2019 until 31st August 2020 will be 2.4%. The new interest rate is always linked to the Retail Price Index (RPI) value from the previous March.
What is the procedure to get a deferment from the Student Loans Company?
If you have not received your form within 4 weeks of your end date that you contact us by email at mail@thesis-servicing.co.uk . Your deferment application should be returned by post to the Student Loans Company in the pre-addressed envelope provided within 14 days of receipt of your deferment pack.
What is the minimum amount of money required to defer a student loan?
The deferment threshold is currently £30,646 (equivalent to £2,553.83 per month). If your account is already deferred, please note that new deferment forms are automatically issued by the Student Loans Company approximately 8 weeks prior to the end date of your current deferment period.
What is the new deferment threshold for mortgage style loans?
The DfE have also confirmed the new deferment threshold for mortgage style loans for 1st September 2019 until 31st August 2020. The new threshold is a gross annual income of £32,347 (equivalent to £2,695.58 per month). The threshold is calculated annually by DfE and is set at 85% of average national earnings.
Last Update: Oct 2021
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