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Students Loans Interest Charging


Sillyboots
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Hi, This is more of a general question that an actual problem, but does anyone know if the student loans company is actually allowed to charge the interest and deduct the payments the way it does.

 

I just think its odd that a company can only deduct payments annually but adds the interest on monthly, hence drastically reducing the repayment power. Surely this also actually puts the loan above the rate of inflation?

 

Before I start arguing with them I just wanted to sound people out, to see if i will get anywhere with this?

 

Thanks

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