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  • FIRST POST
    • MSE Eesha
    • By MSE Eesha 2nd May 17, 12:07 PM
    • 87Posts
    • 21Thanks
    MSE Eesha
    When will your student loan be written off?
    • #1
    • 2nd May 17, 12:07 PM
    When will your student loan be written off? 2nd May 17 at 12:07 PM
    This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.





    Please click 'post reply' to discuss below.
Page 1
    • ccon
    • By ccon 4th May 17, 8:09 AM
    • 3 Posts
    • 1 Thanks
    ccon
    • #2
    • 4th May 17, 8:09 AM
    • #2
    • 4th May 17, 8:09 AM
    I am 47 and nearly completed an engineering foundation course at Liverpool John moores university and will be starting the degree properly this September.
    Does any body know if you stop paying the student loan when you reach retirement age as, assuming I do a sandwich year I'll be 52 when I graduate and if the thirty year rule applies will be paying it when I'm 82!
    Anyone got any idea?
    Thanks Chris.
    • Ed-1
    • By Ed-1 4th May 17, 12:28 PM
    • 1,979 Posts
    • 1,057 Thanks
    Ed-1
    • #3
    • 4th May 17, 12:28 PM
    • #3
    • 4th May 17, 12:28 PM
    I am 47 and nearly completed an engineering foundation course at Liverpool John moores university and will be starting the degree properly this September.
    Does any body know if you stop paying the student loan when you reach retirement age as, assuming I do a sandwich year I'll be 52 when I graduate and if the thirty year rule applies will be paying it when I'm 82!
    Anyone got any idea?
    Thanks Chris.
    Originally posted by ccon
    It's still liable for repayment for 30 years but you only repay if you earn over the repayment threshold (pension income doesn't count) so in practice you won't be repaying.
    • sarahjandrews1980
    • By sarahjandrews1980 10th May 17, 10:56 AM
    • 1 Posts
    • 0 Thanks
    sarahjandrews1980
    • #4
    • 10th May 17, 10:56 AM
    What if....
    • #4
    • 10th May 17, 10:56 AM
    Hello,

    What if you went to uni, completed a foundation year and year 1 of the actual degree course, but due to unforseen circumstances did not complete the degree and therefore didn't graduate, will these dates still stand?

    Thanks
    • Ed-1
    • By Ed-1 10th May 17, 1:33 PM
    • 1,979 Posts
    • 1,057 Thanks
    Ed-1
    • #5
    • 10th May 17, 1:33 PM
    • #5
    • 10th May 17, 1:33 PM
    Hello,

    What if you went to uni, completed a foundation year and year 1 of the actual degree course, but due to unforseen circumstances did not complete the degree and therefore didn't graduate, will these dates still stand?

    Thanks
    Originally posted by sarahjandrews1980
    Yes for graduation date read "date left course".
    • jackyaz
    • By jackyaz 26th Aug 17, 1:58 PM
    • 1 Posts
    • 0 Thanks
    jackyaz
    • #6
    • 26th Aug 17, 1:58 PM
    • #6
    • 26th Aug 17, 1:58 PM
    I noticed it refers to graduation:

    2006 – 2011 25 years from the first April of graduation (when you were first due to repay) Yes Yes

    What happens if I didn't graduate, i.e. left after 1 year?

    EDIT: Never mind, seen the answer I needed literally above!
    Last edited by jackyaz; 26-08-2017 at 1:58 PM. Reason: Answered in previous post
    • jimjamz82
    • By jimjamz82 27th Aug 17, 1:14 PM
    • 5 Posts
    • 0 Thanks
    jimjamz82
    • #7
    • 27th Aug 17, 1:14 PM
    • #7
    • 27th Aug 17, 1:14 PM
    I went to uni in 2001 and graduated in 2005. My student loan falls into the category, "England or Wales - Before 1st September 2012". My loan will not be written off until I'm 65. Why is it that students who took out a student loan after 2005/06, their loan will be written off after 25 years? That seems unfair.

    Granted, my student loan is very small in comparison to the student loan sums today, as my tuition fees for each year were almost 10% of today's rates.
    I understand that students today have a less likely chance of paying off their enormous student loans than I do. So, if that's the case, then why wipe it out after 25 years? This advocates potential University students to take on as much student loan debt they possibly can, knowing full well that it will be written off when they reach 46, while I could possibly still be paying off mine for another 19 years after that.
    • silvercar
    • By silvercar 4th Sep 17, 9:31 AM
    • 35,876 Posts
    • 151,083 Thanks
    silvercar
    • #8
    • 4th Sep 17, 9:31 AM
    • #8
    • 4th Sep 17, 9:31 AM
    I went to uni in 2001 and graduated in 2005. My student loan falls into the category, "England or Wales - Before 1st September 2012". My loan will not be written off until I'm 65. Why is it that students who took out a student loan after 2005/06, their loan will be written off after 25 years? That seems unfair.

    Granted, my student loan is very small in comparison to the student loan sums today, as my tuition fees for each year were almost 10% of today's rates.
    I understand that students today have a less likely chance of paying off their enormous student loans than I do. So, if that's the case, then why wipe it out after 25 years? This advocates potential University students to take on as much student loan debt they possibly can, knowing full well that it will be written off when they reach 46, while I could possibly still be paying off mine for another 19 years after that.
    Originally posted by jimjamz82
    Which would you prefer, the loan you have or a loan the size that more recent graduates have?
    • jimjamz82
    • By jimjamz82 6th Sep 17, 10:45 PM
    • 5 Posts
    • 0 Thanks
    jimjamz82
    • #9
    • 6th Sep 17, 10:45 PM
    • #9
    • 6th Sep 17, 10:45 PM
    Which would you prefer, the loan you have or a loan the size that more recent graduates have?
    Originally posted by silvercar
    Your response doesn't answer my question. Also, why ask me a question based on a situation I actually have no influence over?
    • Gloomendoom
    • By Gloomendoom 7th Sep 17, 8:35 AM
    • 12,715 Posts
    • 16,900 Thanks
    Gloomendoom
    Your response doesn't answer my question. Also, why ask me a question based on a situation I actually have no influence over?
    Originally posted by jimjamz82
    Surely the only answer to your question is that the rules changed. That is why.
    Advice; it rhymes with mice. Advise; it rhymes with wise.
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