Student loans: Former university students urged to for refunds

Published On Nov 9, 2024, 7:06 AM

A campaign group is urging UK university graduates to check if they are owed refunds for overpayments made on student loans, totaling nearly £200 million last year. Many individuals are eligible for these refunds, which result from overpayments when graduates earn sporadically above the monthly repayment threshold but remain below the annual threshold. The refunds could alleviate financial pressure amid a cost of living crisis, with individuals potentially receiving anything from tens to over a thousand pounds.

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Stock Forecasts

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Positive

Increased cash in the hands of graduates might stimulate spending in various sectors, particularly retail and consumer goods, as the funds can aid in everyday expenses. Therefore, businesses targeting this demographic may see a positive uptick in sales.

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Negative

With rising awareness of overpayments and subsequent refunds, educational institutions and the financial services sector might face scrutiny or shifts in policy. This can affect stocks of companies involved in student financing or education, leading to a potential negative impact.

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