Student loan 25 year expiration?

mac123

Hi
I read something about the student loans expiring after 25 years ... is this true of post 1998 student loans only? What is the deal of pre-1998 student loans?
Thanks
Mac

whitfreak

The following is copied from the relavent page from the student repayment website. http://www.studentloanrepayment.co.uk/portal/page?_pageid=93,3867002&_dad=portal&_schema=PORTAL It is completely different to what I thought it was.


Loan cancellation
Under certain circumstances we may cancel your liability to repay your loan. We will not cancel your liability to repay if you are behind on any repayments for a student loan.

For example, your loan may be cancelled if:

• You were under the age of 40 when your last agreement for a student loan was made and you reach the age of 50.
• You were aged 40 when your last agreement for a student loan was made and you reach the age of 60.
• Your last agreement for a student loan has been outstanding for no less than 25 years.

If you are permanently unfit for work and can provide evidence to show that you receive disability related benefit we may also be able to cancel your liability to repay your loan.