fifty years old now student loan wiped?

marewolf

does anyone know will the student loans company contact me to tell me my loan has been wiped? Now I am fifty and loan was taken out before 1998.:j

paddyrg

If your loan agreement said the debts would be cancelled when you hit 50, and you have done so, why not write them a nice letter thanking them for their support, but per the terms of your agreement you believe the loan to be voided, and would they write to you confirming this for your own records? Keeps everything clear!

Blitz01

marewolf wrote: »

does anyone know will the student loans company contact me to tell me my loan has been wiped? Now I am fifty and loan was taken out before 1998.:j

That was a useful move. Going to further education, and never earning enough to pay the loan back..... :beer:

iolanthe07

Probably avoided it by moving abroad. I thought old student loans were only written off after 25 years and were nothing to do with age?

stu12345_2

i went into college at 28 yrs in1997 old got a loan, hoped to get good job and pay it off before i was 50, left college in mega debt, got a protected trust deed, put loan into deed and wrote it off, yes urs is written off, shame u didnt land a top job.
i guess that what th whole point of college is, but it dont work out that way.