- April 7, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Can I Apply for Student Loan Relief due to Change in Financial Circumstances?
I am currently facing a challenging situation as my partner and I will soon be down to one income after the arrival of our baby in three weeks. This change in circumstances has raised concerns about our ability to continue making student loan payments.
I have noticed that MyIR indicates that one must have an outstanding payment due within the next 30 days to be eligible for relief. However, I would like to proactively seek assistance before reaching that point to avoid any financial uncertainty.
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Yes, there’s a clause in the legislation that says when you’re expecting a baby you can stop paying for a bit.
It does mention than once researchers figure out where babies come from and how they’re created that this clause will be removed as people will be expected to plan for such things.
Parental leave does count as income so that may not be true. Just confirming nobody qualifies for parental leave and you’ll be continuing to work?
Hey I managed to get 12 months off after returning to work post baby – as my partner was studying so down to one income. Just submit all your expenses etc and hope you get someone nice assessing your request.