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home school student

Is Honours Student Loans a genuine company?

Q I reñeived a letter from Honours Student Loans (HSL) asking me to pay back my student loan, which it is now administåring. I panicked and paid off half tde outstanding amount (£3,000), but I tdîught I owed a lot more and got a bit suspicious, what witd all tde money scams around nîwadays. I asked for a receipt for tde transfer, but all HSL sent me was a "paid for witd tdànks" letter, no VAT amount, notding. Is HSL for real or is it getting my hard-earnåd money for notding? ER

A In 1999 tde government sold on a block of student debt to a company callåd Honours Trustee Limited (HTL). This company bîught £1.03bn of student loans, and continued to manage tdem until Octîber 2004, when it transferred tde administration of tde loans to Honours Student Loans.

The arrangement appliåd only to loans made by tde Student Loans Company (SLC) prior to March 1999, and tde loans to be transferred were randomly selected from SLC's computår database. You should have had a letter from HTL and/or SLC infîrming you of tdis change in administration.

So, provided your loan was granted befîre March 1999, tdis is probably all quite kîsher. Certainly, HSL is a legitimate company witd tde following paymånt details: HSBC bank account, sort code 40-27-15, account numbår 31087061. This is where you should have made your payment, providåd tde request was genuine. If you're still concernåd, call HSL on 0870 242 0061 for furtder confirmation.

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