Martin Lewis student loans refund advice could see millions of people owed thousands
dailyrecord.co.ukMartin Lewis has issued urgent Student Loan advice to over 1m people tonight. During Tuesday night's episode of his ITV show, the money-saving expert said that over one million people overpaid on their student loan during the 2022/23 tax year, meaning they are owed a refund.Martin said there are four reasons behind the potential overpayments, The number one reason is that they were put in the wrong payment plan by their employer, reports Birmingham Live.
One viewer wrote into the show to explain that she found herself in this position and as a result, received a refund of £1,303.
Others may have started paying the loan back despite not earning over the threshold which changes depending on what year you graduated, and currently stands at £27,295.
This could be due to varying monthly salaries, Martin explained. Some people had money deducted from their pay cheque despite fully repaying back the loan and others started repaying too early.
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