SLC refusing new loan as old sold one remains outstanding to DCA

[NoGym Bod]

Im also concerned that even though

 

SLC have sold the loan on

 

they still control whether further funding can be given dependent on whether the loan is paid off or not.

 

I applied for a student loan and was refused it because I still have this outstanding loan from 1994. Ridiculous!!

 

Im so relieved I saw this before I signed any forms.

 

I received mine a few weeks ago,

 

cant recall where I put them so hadnt signed them yet.

Edited April 30, 2014 by NoGym Bod
Adding more content

[dx100uk]

as SLC have sold the loan on

I've never heard of that stopping a new one.

 

did they specifically state that in the refusal letter?

 

dx

[NoGym Bod]

Yes, the loan actually fell into arrears so

they say the full amount is now owed, and

even though the loan has now been sold on

I will still be required to repay the loan in full

before I am eligible to receive further funding.

 

Im a bit miffed because I never actually attended the course I enrolled on.

 

I was a young mother with no chilcare facilities so never attended.

 

I gained nothing from this enrollment apart from a hefty student loan,

which apparently I am still liable for.

 

I am unable to pay the loan in full,

have advised them I cam pay installments but they still refuse to offer me funding.

Edited April 30, 2014 by NoGym Bod
typos

[dx100uk]

urm.. the story unfolds

 

I've made you your own thread.

 

if you never attended the course then the org loan needs to be cancelled IMHO>

 

you owe nowt!

 

dx

[NoGym Bod]

I have queried this and

asked for the original loan paperwork and attendance records as proof that I didnt attend.

 

As of yet, I have received nothing.

 

Can I just clarify,

 

the loan amount would have been paid directly to the college would it not?

 

Im thinking, as I didnt attend, surely the college would have paid back the money??

[dx100uk]

to be honest not sure how the oldsystem worked

 

I thought YOU got the money and the college got another bit to fund the course directly?

 

bottom line here is you didn't attend

 

you should not have to pay it IMHO.

 

there is also the aspect of statute barring here too

 

if you have not filled in a deferment form in the last 6yrs

then the debt does not exist either.

 

might be time for an sar to the SLC.

 

are you saying this loan is with arrows

and you've had a chaser letter for it?

 

dx

[NoGym Bod]

It is with arrows. I wouldnt call it a chaser letter as such. Just an introductory letter advising they now own the loan, with a form to complete and return.Escuse me for being dumb... whats IMHO?

[dx100uk]

in my humble opinion

 

ignore the form read those redeo threads.

 

dx

[NoGym Bod]

Thank you