|You can create a Student Employee with student loan by selecting the Employee / Pensioner Type as the "Student Employee" under the Add New Employee section. Further enter the details University / College Name and Employee's Employment Start Date.
In the process you should use tax code 'NT', set the the last date of payment as the date of leaving and select "yes" for student loan deduction.Select the appropriate student loan plan assigned for the employee (Plan 1 or Plan 2). Further you can process the pay and E-File the FPS in which the Student Employee with student loan details will be automatically included in it. For more information click here.