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Education loan ‘could secure you in court’ if you move offshore

Education loan ‘could secure you in court’ if you move offshore

Increasingly more graduates would like work opportunities abroad but employing a stint offshore as a justification in order to prevent debt that is repaying have severe monetary repercussions.

Going offshore to flee pupil financial obligation may seem just like a sure-fire method to avoid repayments but borrowers might be landed with fines, and sometimes even court procedures, when they don’t communicate with the scholar Loans Company (SLC).

There’s a common myth among borrowers that stopping Britain will place a finish to loan repayments but hidden within the conditions and terms associated with loan contract are international payment schedules.