Millions Eligible for Student Loan Refunds

Martin Lewis has highlighted that over one million people in the UK may be eligible for refunds on overpaid student loans, following recent increases in tuition and living loans. He outlined four scenarios in which individuals could have overpaid, emphasizing that many start repayments despite not exceeding their income threshold, which for Plan 2 is £27,295 annually. The average refund is around £280, and Lewis provided simple steps for claiming the money back, including contacting employers and the Student Loans Company. Viewers shared personal success stories of receiving refunds, with one nurse reportedly reclaiming £444. Lewis stressed that it's crucial for borrowers to verify their repayment plan to avoid unnecessary deductions. The new online form from the Student Loans Company simplifies the refund process for those affected.