Student Finance Change of Address
Everything You Need To Know About Student Finance Address Change
Student Finance Change of Address
You’re moving home and need to tell Student Finance that you’ve changed address.
We’ll help you tell Student Finance you have changed address online, within a few minutes.
You might have been wondering ‘how do I change address with the Student Loan Company’, or maybe you’re just googling ‘Student Loans Company login’ to try and update your details.
Either way, you’re in right place.
If you’re moving you will also need to update your address across other essential institutions and companies (HMRC, NHS, loyalty cards, Energy etc…)
Let’s jump straight in to the easiest and quickest way to update your address with DWP and any other services.
Update SLC Online
You can most easily update your address with the The Student Loan Company (SLC) online using SlothMove’s hassle free online change of address service.
To save the dozens of phone calls and hours of waiting on hold you can use our award-winning change of address service and update all of your services (SLC, HMRC, NHS, loyalty cards etc…) online at the same time 🦥
STEP 1
Update your address
Select who needs to know you're moving - SLC, HMRC, Electoral Roll etc..
STEP 2
About you
Enter your previous address, new address and the date you moved home
STEP 3
Submit
Click submit and we'll update your address with accounts automatically
Our sloths will save you the time and hassle of organising all of the updates by taking care of everything in one place 🦥
Once you click submit we will inform Student Finance about your change of address. You won’t need to do anything further, so you can kick-back, relax and spend your time doing something else.
If you’d prefer to update just your SLC manually, you can call them on 0300 100 0611 or create an account here.
How To Update Student Loan Company About Address Change
If you’re updating your address with the Student Loan Company you might also need to update your address across other accounts, such as the DVLA, Tesco, Boots, Council, NHS and so on. Unless you’re certain you only need to update your address with SLC you’ll save more time starting with our online change of address form. You can actually update your address across all of your accounts and you even get a reward for updating with us. Our online platform can help you save up to 7 hours of time.
Student Loan Company (SLC) Change of Address
- o Head over to SlothMove’s home moving platform
- o Enter your information (previous address, new address etc…)
- o Select who you’d like to update your address with (Student Loan Company, Council, HMRC etc…)
- o Click submit and SlothMove will update your address automatically
Updating Address with Student Finance
To get started with your SLC change of address, simply scroll down to our change of address portal. Alternatively If you are certain only need to update the Student Loan Company about your address change then you can head over to their login portal and sign in. Locate the drop-down menu and select ‘update profile’, then enter your new address. It should be fairly straightforward and will update within a short time-frame.
Did you know: Over 16 Billion GBP is lent out every year in the UK in the form of student finance.
Student Loans Company
Now we’ve covered how to update your address with the Student Loans Company, let’s learn a little more about them. As we know, the Student Loans Company is a non-profit organisation that look after loans and grants to Universities in the UK. When we leave University we seldom think about the Student Loan Company (SLC), let alone student loans change of address. They just take their monthly cut of your salary and that’s that.
However, things can go wrong. There’s a chance they might not be tracking your finance payments. There are mix-ups all the time. According to the BBC, over £28 million of Student Loan Payments are ‘unclaimed’.
Getting ahead
Keeping all of your addresses up to date is important, and it has usually been something that is quite time consuming. Now you know how to update your address with SFE, you should see how to update your address online with everyone. We’ve bought moving home into the 21st century and if you are in the process of moving or have recently moved check out our online change of address service. Now, let’s look to some interesting facts!
Student Loan Facts 2021
1 Out Of 3 Adults Under 30 Have Student Loan Debt
Can you believe it? If you’re wedged on a bus right now with two people of a similar age, odds are that at least one of you has student debt! This was gathered by some research undertaken by PewResearch.
£16 Billion Is Lent Out Every Year
That’s right, every single year around £16 Billion is lent out to around 1 million students. This was revealed following a parliamentary study into student loans.
The UK's Student Loan Outstanding Balance Exceeds £121 Billion
To put that into perspective, that’s about 1/18th of our entire countries GDP in 2018. If we were to split our student loan debt as of March 2019 across every citizen of the UK, we would all owe £1,833 each. What’s more, the UK Government expects our total student loan debt to become in around £450 Billion by 2050.
After 25 Years Your Entire Student Loan Debt Could Be Cleared
That’s great news, right? The key is to figure out whether or not you expect to pay off your student loan before the 25 or 30 years and by how much (dependant upon you loan plan – for some it’s when you reach 65 (see FAQ for more information)). When you estimate that, you can make a decision as to whether or not it makes financial sense to double-down and pay it off.
Frequently Asked Questions
How do I contact the Student Loan Company?
You can contact the student loan company by phoning: 0300 100 0611. They are open 8AM – 8PM Mon-Fri, and 9AM – 4PM Sat. You can complete a student loans change of address this way, but it is better to do so online.
Do I need to tell student loans when I get a new job?
Providing you’re not leaving the country and you inform your new employer, you do not need to tell student loans when you have a new job. If you change jobs, still earn above the threshold salary and don’t see any deductions, speak with your employer in the first instance.
Do student loans expire UK?
Plan 2 loans will be written off 30 years following the date from which you started repaying them. Plan 1 loans will be written off in 25 years if you started after 2006 and when you’re 65 if you started before 2006.
When do student loan repayments start?
Student Loan repayments start after you hit a certain threshold (£18,935 for Plan 1, and £25, 725 for Plan 2). The good news? you don’t pay anything for the first tax year following University.
How do I contact Student Loan Company UK?
The student loan company can be contacted via phone. The best number to reach them on would be: 0300 100 0611. They are open 8AM – 8PM Mon-Fri, and 9AM – 4PM Sat. You can complete a student loans change of address this way, but it is better to do so online. If you need to update everyone else about your change of address, you can update your address here.
Is Student Finance England the same as SLC?
Student Finance England & SLC (Student Loans Company) in the UK are the same thing. They might go be a different company name in Ireland or other parts of the UK, but is centrally managed for all intents and purposes.
Student Loans Company change address
Most individuals literally just google ‘student loans company change address’ then get caught in a quagmire of complexity. However, you can update your address with the SLC and many others by clicking below on our online moving home portal above.
Student Loans Company login
If you’re looking for the Student Loans Company login, you can visit this part of their website. You will be able to check your balance, make one-off card payments and many other things. If you’re just looking to update your address with them, you can do that below.
What happens if you lie to Student Finance?
A few people try to evade paying their student loans under the assumption that they will not pursue you for the outstanding balance. The truth of the matter though, is that not listing that you have Plan 1 or Plan 2 to your employer does not remove your need to pay. Eventually, SLC will be in touch and you will need to repay any outstanding money. There is also the possibility of a fine.
Should I repay my student loan?
As everyone knows, this will depend from circumstance to circumstance. Specifically, the three most important factors to consider are:
- Are you in plan 1 or 2? (Plan 2 loan balances are higher with greater interest rates, but this may mean its not worth paying it off)
- What is your income (current and expected)?
- Your current financial situation.
You may find this calculator helpful.
Can you change your Student Loan Amount?
If the amount you want to borrow has changed after you’ve submitted your application you can log into your portal. If you have already started to receive payments the best course of action would be to give the SLC a call on 0300 100 0611 and explain how much you would like to borrow. One of their experts will be able to talk you through the options and next steps.