Martin Lewis warns millions could be owed big refund

Martin Lewis issues warning to millions over student loan overpaymentsITV

Transcript

00:001.1 million university leavers and graduates have overpaid their student loans in the 24-25 tax year

00:07and that adds to at least 4 million people from figures and requests that we've given them for

00:11information in the past. So there could be a 5 million of you out there who are owed money.

00:17There are four reasons but the first reason is the big reason. It's when you repaid your loan

00:24but you didn't earn enough to need to repay it. Over a million people in the last tax year did

00:28this. Now the rules state absolutely plainly you only need to repay the student loan if

00:33you earn over the annual threshold in a tax year.