How To Change Address With The Student Loan Company

Everything You Need To Know About Student Finance Address Change

Change address student loan company
student finance address change

Student loans change of address

You’re wondering, how do I change address with the Student Loan Company? 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’.

So, there are many reasons to keep your address updated. In this guide we will you how to update your address with the Student Loans Company, some interesting facts and lots of other frequently asked questions.

Without further-ado, let’s get started

Question mark graphic

How to update student loan company about address change

The first question to ask yourself is: Is the Student Loans Company the only company I need to inform about my address change? If you need to change address with the Student Loan Company, DVLA, NHS, Council, loyalty cards etc… then you should start with our free online change of address form and you can update them all at once. Our online platform will get your student loans change of address completed immediately. 

If you 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.

moving home checklist

Moving Home Checklist

And it’s that simple.  If you are moving home, you’ll definitely want to check out our moving home checklist guide. If you’re looking to save a little time, you can just head over to our online change of address form. You can  update your address online with the Student Loan Company as well as all of the others whilst you’re at it. You can click the link below to get started  Now, let’s turn to some unbelievable Student Loan facts you might not be aware of!

Go forward

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 on the electoral roll, you should see how to update your address online with everyone. For free. Within 5 minutes. 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 UK 2020

student loan company changing address

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.

student loan change of address

£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.

student loan update address

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. 

student finance change address

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.

Final Thoughts

Hopefully you now fully understand how to update your address with the Student Loan Company – and perhaps a few more interesting facts. It’s not just all about Student Finance change of address, it’s also important to do and a few minutes spent being proactive can save you hours of headache down the road.

If you are moving home, you might want to check an article on how to save money moving home.

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp
Question mark graphic

What happens after I complete the form?

We will tell all of your selected companies about your address change. They will get in touch in the rare instance they need any more information. So, pop the kettle on and relax because you’re all done.

SlothMove Data

What happens to my data?

All of your personal data is deleted intermediately. Unlike other companies, we don’t share any of your data with other third parties to sell you products or services. We act in total adherence to GDPR , the Data Protection Act 2018 and guidelines from the Information Commission Office (ICO). Essentially, we treat your data as we’d like ours to be treated.