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  • FIRST POST
    • LordAlfie
    • By LordAlfie 12th Feb 18, 8:52 PM
    • 1Posts
    • 0Thanks
    LordAlfie
    Mature Student Loan
    • #1
    • 12th Feb 18, 8:52 PM
    Mature Student Loan 12th Feb 18 at 8:52 PM
    Apologies if there is already a thread for this but I can't find it. I watched Martin Lewis discuss student loans tonight, but it didn't,t appear to include end dates for mature students. Does anyone know if you are a mature student (50's), do you still have to pay for 30 years if earning enough, or does it stop at a set age? I have seen different information online and have found it confusing.


    Thank you
Page 1
    • H.Harrison
    • By H.Harrison 12th Feb 18, 9:19 PM
    • 1 Posts
    • 0 Thanks
    H.Harrison
    • #2
    • 12th Feb 18, 9:19 PM
    • #2
    • 12th Feb 18, 9:19 PM
    Hi, I have the same question and I can't find the answer anywhere! I graduated at the age of 46 in 2007 after a 4year degree. Is any unpaid part of my loan written off after 30 years (when I'm aged 76) or when I reach retiring age? Sorry but I'm confused about this one...please advise
    Thank you in advance.
    • DCFC79
    • By DCFC79 12th Feb 18, 9:40 PM
    • 30,940 Posts
    • 19,563 Thanks
    DCFC79
    • #3
    • 12th Feb 18, 9:40 PM
    • #3
    • 12th Feb 18, 9:40 PM
    Apologies if there is already a thread for this but I can't find it. I watched Martin Lewis discuss student loans tonight, but it didn't,t appear to include end dates for mature students. Does anyone know if you are a mature student (50's), do you still have to pay for 30 years if earning enough, or does it stop at a set age? I have seen different information online and have found it confusing.


    Thank you
    Originally posted by LordAlfie
    From what I understood if for example your at the 29 year mark and you still have say 10000 then once the 30 year mark comes then its wiped.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
    • venison
    • By venison 12th Feb 18, 10:43 PM
    • 1,639 Posts
    • 1,756 Thanks
    venison
    • #4
    • 12th Feb 18, 10:43 PM
    • #4
    • 12th Feb 18, 10:43 PM
    from google

    How long before a student loan is wiped?
    took out your first student loan in or before academic year 2005/06, then it will be cancelled when you turn 65; or.
    took out your first student loan in or after academic year 2006/07, then it will be cancelled 25 years after you became eligible to repay.
    I am a BG on loans,credit cards and benefits I volunteer to help get your forum questions answered and keep the forum running smoothly". Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.
    • adindas
    • By adindas 12th Feb 18, 11:07 PM
    • 3,655 Posts
    • 2,077 Thanks
    adindas
    • #5
    • 12th Feb 18, 11:07 PM
    • #5
    • 12th Feb 18, 11:07 PM
    Hi, I have the same question and I can't find the answer anywhere! I graduated at the age of 46 in 2007 after a 4year degree. Is any unpaid part of my loan written off after 30 years (when I'm aged 76) or when I reach retiring age? Sorry but I'm confused about this one...please advise
    Thank you in advance.
    Originally posted by H.Harrison
    yes
    Students are given state loans to cover the cost of these fees while they study and are not required to repay their debts until they are earning more than £21,000 a year.

    Any unpaid debts are written off after 30 years
    • adindas
    • By adindas 12th Feb 18, 11:09 PM
    • 3,655 Posts
    • 2,077 Thanks
    adindas
    • #6
    • 12th Feb 18, 11:09 PM
    • #6
    • 12th Feb 18, 11:09 PM
    Apologies if there is already a thread for this but I can't find it. I watched Martin Lewis discuss student loans tonight, but it didn't,t appear to include end dates for mature students. Does anyone know if you are a mature student (50's), do you still have to pay for 30 years if earning enough, or does it stop at a set age? I have seen different information online and have found it confusing.


    Thank you
    Originally posted by LordAlfie
    Yes.
    There is no age limit on tuition fee loans of up to £9,000 a year. But to apply for a maintenance loan, which covers living costs, you must be a full-time UK student aged under 60 on the first day of your course.

    Students are given state loans to cover the cost of these fees while they study and are not required to repay their debts until they are earning more than £21,000 a year. Any unpaid debts are written off after 30 years.
    • Sncjw
    • By Sncjw 13th Feb 18, 6:59 PM
    • 1,570 Posts
    • 956 Thanks
    Sncjw
    • #7
    • 13th Feb 18, 6:59 PM
    • #7
    • 13th Feb 18, 6:59 PM
    He did state it through a question of a 60 year old it will continue for the 30 year term
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