Student Loan Write Off

maxit

Here I am, , merrily and 'voluntarily' paying off my student loan, trying to stay on top of the interest but not earning enough to 'have to' start paying it off, . However, I have been told that the loan will be written off under certain circumstances, and since I was a mature student and am now closer to retirement than puberty, my sources say I should stop paying it. Of course the Student Loans Company are not volunteering this information, but if somebody else is in the know, I, and many other maturing graduates would like to be too.

vishpatel

shocking...

unless you are in some serious debt, pay the money off!

undersecter

i think it gets writtin off if you become a teacher

but the question is

DO YOU WANT TO BE A TEACHER?:rolleyes:

sexymouse

Really? I'm starting to train as a teacher in September, are you sure this is right, as I've never heard about this before?

dmg24

The loans write off for teachers no longer exists ... sorry!

wacko911

Think that offer has passed

"The Repayment of Teachers' Loans (RTL) scheme has now closed for applications for all teachers except those newly qualified teachers who were unable to get a job before 30 June 2005 because they were pregnant or had recently given birth.

This page sets out the basic details of the scheme only for those remaining few newly qualified teachers who were unable to get a job before 30 June 2005 because they were pregnant or had recently given birth. Details of the scheme for all other teachers can be accessed for reference here. "

See https://www.slc.co.uk for lots of info

dmg24

From the DFES website:

The Government will write off student loan balances (except for arrears) which are left unpaid 25 years after their liability to repay commenced, which is the April after the course finished. This will cover both student loans for fees as well as student loans for maintenance.

unless you are in some serious debt, pay the money off!

I agree!

maxit

You read me wrong my friend... I most certainly will pay the loan off if I ever manage to clear the threshold of £15000, but as a poor artist creating morally sensitive art for community projects, I can't see this happening in the near future, possibly not even before I'm of pensionable age. Should I still do the voluntary thing is what I ask?

maxit

I believed I would make a good teacher I would do it, but I know of those who write off their loans by teacher training, do the time necessary (and some consider it 'time') and then drop out. I may want to write off my student loan, but I would not want to do a disservice to a future-load of young people. Saying this, I emphasize that I am positive that there are many more teachers in training who embark on that course for a genuine commitment to the profession. I take my hat off to you.

regularsaver1

don't think you have to pay if you go abroad - I'm sure many of us would love that

unless you keep your income under £15k which is the threshold

I have to pay mine

maxit - maybe you don't need to take action now as such. if you don't earn above the threshold up and till normal retirment age - maybe it gets wiped. How is this effecting you now? i'm sure it is not