Looking for some niche financial advice on student loans.
I have two PAYE jobs with two separate employers along with a Plan 2 and a post-grad loan. When I changed employers my student loan repayments stopped coming out for my undergrad Plan 2 loan, and dramatically reduced for my postgrad loan.
I'm paid £24000 in one job, and £21,000 in another, so under the plan 2 threshold of £29,000.
My questions are..
Is it right that as I'm under the threshold in each individual job I don't need to pay, even though in total I'm over?
If that is the case and I don't need to pay it, are there any considerable financial implications of not paying it for the foreseeable? In my mind it's unlikely I'm going to pay it off so might as well pocket the cash?
u/Cloudmaker64 — 7 days ago