Honours Student Loans

Your application should include your completed deferment form and photocopies of your proof -do not send original copies as they will not be returned.

You need to supply proof of your income for the last 3 months including benefit installments. All proof provided must clearly show your name to confirm you as the recipient.

Required documentation when applying includes:

Payslips for the last 3 months – photocopies only – do not send originals. The Student Loans Company cannot acquire handwritten payslips. Signed and Dated Employer letter on company-headed paper establishing gross income for the last 3 months.

Other means of support

This sector only needs to be completed if you are gaining an income from any other source other than the income referred to in sections 1 or 2.

If you have income from any of the sources please refer to section 3 of the notes included with your deferment pack for details on what you can provide: please send photocopies of the paperwork included with your application. For example, Third Party Support-signed and dated letter from the person who supports you indicate that the level of support received does not overreach the monthly deferment threshold value as stated above.

Income from savings

If you are living off an income from savings please provide a bank statement to show an adequate balance to support your monetary commitments with an accompanying letter approving that the balance is your only source of information.

Copy of the maintenance agreement letter approving the amount of support provided by the person making the installment to you. Remember to sign and date your application, make sure you return the form to the student loans company using the encircled envelope.

Differing repayment of your student loan

You can apply to Honours Student Loans to postpone your student loan repayments if all these three conditions apply:

• you took out the loan for a course that began before September 1998.
• your gross earnings are £2,227 or less a month which is the same as a yearly gross income of £26, 727.
• you have documentary proof to show that your income is below this amount.

If you are planning to go overseas for an extended period of time, you may also be able to delay your repayments. But the level of income in your new country must still be below the UK income threshold. You will continue to be charged interest throughout any period of deferment.