# Best way to track student loans?
**URL:** https://community.emma-app.com/t/best-way-to-track-student-loans/386
**Category:** Debt & Loans
**Created:** [May 22, 2019, 3:41pm UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386 "2019-05-22T15:41:04Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@lilli](https://community.emma-app.com/u/lilli)
#### Post date: [May 22, 2019, 3:41pm UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/1 "2019-05-22T15:41:04Z")
Does anyone have a student loan and how do you keep track of it? š¤ Also is there some kind of algorithm which helps you work out how much you are paying back?
Any advice would be much appreciated š
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### Author:  [@Gaoler](https://community.emma-app.com/u/Gaoler)
#### Post date: [May 22, 2019, 6:23pm UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/2 "2019-05-22T18:23:53Z")
Hi @lilli!
Everyone should have access to their student loan account, though the website regularly doesnāt work.
> **[Sign in to your student loan repayment account](https://www.gov.uk/sign-in-to-your-student-loan-repayment-account)**
>
> Sign in to your student loan repayment account - check your balance, make regular or one-off repayments, or let SLC know if your details have changed
It generates a PDF statement once a year, though that may be about to change.
> **[Top universities and MSE call for current student loan statement to be scrapped](https://www.moneysavingexpert.com/news/2019/05/moneysavingexpert-calls-for-misleading-student-loan-statements-t/)**
>
> MoneySavingExpert.com and the Russell Group of universities is calling on the Government to scrap the current student loan statement
From the latest statement and the interest rates, itās not too hard to work out.
> **[Repaying your student loan](https://www.gov.uk/repaying-your-student-loan/what-you-pay)**
>
> When you start repaying your student loan, your monthly repayments, what to do if you have 2 jobs or are self-employed, how to get a refund if you've overpaid.
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### Author:  [@lilli](https://community.emma-app.com/u/lilli)
#### Post date: [May 23, 2019, 8:02am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/3 "2019-05-23T08:02:42Z")
Thank you @Gaoler !
I never seem to receive that statement š¤ Maybe they have the wrong address. Is there a maximum you can pay per month or does it just increase as your salary increases?
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### Author:  [@Gaoler](https://community.emma-app.com/u/Gaoler)
#### Post date: [May 23, 2019, 8:10am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/4 "2019-05-23T08:10:31Z")
You can pay however much you wantā¦
Most should just pay minimum.
> **[Student Loan Repayment](https://www.moneysavingexpert.com/students/student-loans-repay/)**
>
> Student loans are cheap, so are they worth repaying early? What's the impact on your credit score?
The minimum will be taken via PAYE or self assessment.
If you want to pay it off, youāll need to call up and get a redemption figure, which is only valid same day.
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### Author:  [@lilli](https://community.emma-app.com/u/lilli)
#### Post date: [May 23, 2019, 9:30am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/5 "2019-05-23T09:30:35Z")
Sorry I didnāt explain my question very well! I seem to be paying quite a lot compared to some of my friends so I was wondering if you can cap how much you pay? Can I say I only want to pay X amount per month?
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### Author:  [@edoardomoreni](https://community.emma-app.com/u/edoardomoreni)
#### Post date: [May 23, 2019, 9:32am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/6 "2019-05-23T09:32:49Z")
I have 40k of debt. š
That comes from 4 years of studies at Uni of Manchester. I was āluckyā I wasnāt eligible for living costs otherwise it would have probably been 55k.
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### Author:  [@edoardomoreni](https://community.emma-app.com/u/edoardomoreni)
#### Post date: [May 23, 2019, 9:33am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/7 "2019-05-23T09:33:42Z")
When we started one of our original ideas was to bring student loans to Emma. Itās not even that difficult, but we havenāt found the right time yet. š
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### Author:  [@vekariya17](https://community.emma-app.com/u/vekariya17)
#### Post date: [May 23, 2019, 9:42am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/8 "2019-05-23T09:42:30Z")
Neither does my partner, i hate to actually think how much she has outstandingā¦
I canāt remember the rules but it would be nice if it magically got wiped away, i vaguely remember if you become a teacher or after a certain amount of years.
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### Author:  [@Gaoler](https://community.emma-app.com/u/Gaoler)
#### Post date: [May 23, 2019, 9:49am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/9 "2019-05-23T09:49:32Z")
The amount is based entirely on your income and the scheme in place when you were studying. No way to avoid the minimum, Iām afraid
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### Author:  [@lilli](https://community.emma-app.com/u/lilli)
#### Post date: [May 23, 2019, 9:55am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/10 "2019-05-23T09:55:57Z")
So annoying š The more you earn these days the more getās taken off you, itās not worth getting a pay rise these days š
After 30 years your student loan gets wiped off. There used to be a rule where if you moved to another country for X amount of years it would get wiped as well but I donāt think that exists anymore.
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### Author:  [@Gaoler](https://community.emma-app.com/u/Gaoler)
#### Post date: [May 23, 2019, 10:04am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/11 "2019-05-23T10:04:17Z")
Until you pay it off, at which point you get a bumper pay rise!
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### Author:  [@grant.m](https://community.emma-app.com/u/grant.m)
#### Post date: [May 23, 2019, 5:28pm UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/12 "2019-05-23T17:28:39Z")
Bringing visibility of my student loan to Emma would be immense.
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### Author:  [@edoardomoreni](https://community.emma-app.com/u/edoardomoreni)
#### Post date: [May 23, 2019, 5:44pm UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/13 "2019-05-23T17:44:10Z")
I think the same, but it never really updates?
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### Author:  [@grant.m](https://community.emma-app.com/u/grant.m)
#### Post date: [May 23, 2019, 5:45pm UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/14 "2019-05-23T17:45:58Z")
But it means thereās one less thing to worry about/check.
Emma could truly become the financial management hub for a user.
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### Author:  [@edoardomoreni](https://community.emma-app.com/u/edoardomoreni)
#### Post date: [May 23, 2019, 5:46pm UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/15 "2019-05-23T17:46:34Z")
Yes, thatās true.
Itās actually fairly easy to get and we could build it in-house; but we havenāt found the time yet. š
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### Author:  [@grant.m](https://community.emma-app.com/u/grant.m)
#### Post date: [May 23, 2019, 5:47pm UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/16 "2019-05-23T17:47:31Z")
Go on, Edoardo.
Give us at least one new integration this month! š
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### Author:  [@edoardomoreni](https://community.emma-app.com/u/edoardomoreni)
#### Post date: [May 23, 2019, 5:49pm UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/17 "2019-05-23T17:49:53Z")
Ahaha, the US is a nightmare, we are getting that ready and should be able to ship Splitting Transactions next week.
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### Author:  [@Recchan](https://community.emma-app.com/u/Recchan)
#### Post date: [July 10, 2019, 8:25am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/18 "2019-07-10T08:25:56Z")
> [@lilli](#):
>
> Can I say I only want to pay X amount per month?
Sadly not or Iād cap mine at 0 in advance and wait for it to be wiped in 30 years. Iām currently in at 9k from one year of study at Gloucestershire University.
> [@edoardomoreni](#):
>
> When we started one of our original ideas was to bring student loans to Emma.
Please do this š donāt count it with the other debt though, count it separately as it isnāt a ārealā debt (i.e one that can ruin your financial status by not repaying)
Perhaps Emma could actually offer their own finance to expand on their revenue streams in the future? You donāt need to be a bank to lend - just to be a deposit taker!
Would actually have an absolutely banging product if you could do student loans across borders too. Say if I wanted to study in the US at the minute Iād have to find a co-signer of which I wouldnāt want to put that financial pressure on.
But if Emma were to establish companies in the US and UK and offer student loans in the UK they could repossess my assets here assuming I didnāt repay in due course.
It would be a great idea but obviously very costly!
> [@edoardomoreni](#):
>
> but we havenāt found the time yet.
š if you could find it Iāll have a reason to go and shill Emma š
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### Author:  [@lilli](https://community.emma-app.com/u/lilli)
#### Post date: [July 10, 2019, 8:28am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/19 "2019-07-10T08:28:49Z")
> [@Recchan](#):
>
> Sadly not or Iād cap mine at 0 in advance and wait for it to be wiped in 30 years. Iām currently in at 9k from one year of study at Gloucestershire University.
Haha that would be the dream! Iām sure there used to be a rule if you lived in another country for a certain amount of years they would wipe it.
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### Author:  [@Recchan](https://community.emma-app.com/u/Recchan)
#### Post date: [July 10, 2019, 8:32am UTC](https://community.emma-app.com/t/best-way-to-track-student-loans/386/20 "2019-07-10T08:32:43Z")
It used to be 3-5 years if I remember correctly.
I was planning on abusing it actually but then I looked and it didnāt apply to me š
in fact, if you leave the UK for 3 months youāre required to inform SLC or risk being asked to pay it back all in full!
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