Read our cookies policy.
silvercar wrote: »
Which would you prefer, the loan you have or a loan the size that more recent graduates have?
Leesystar wrote: »
I hope someone can help me. Will my loan still be written off even though I have arrears?
My loan is due to be written off this year, I have never earnt over the threshold and am currently on Income Support in respect of my disabled son.
A year or so ago Honour Student Loans claimed I didn't send them enough documnetation even though I sent them what I always have (I sent them proof of Income Support but they wanted prrof or ALL my benefits). I therefore missed the deferment window so they applied £74.32 to my account.
If I don't pay this £74.32 do I breach the terms of the loan so it won't be written off? What should I do?
Trimmtrab wrote: »
Let me get this right. I had loans in 96, 97 and 98 under the old style loans. I was born in 1970 so 50th is late 2020. Is this when my loans are written off?
fermi wrote: »
You were under 40 when your last loan was made, so write-off is:" It'll be wiped whichever is earlier of 25 years after your first payment of your last loan agreement (usually the start of your final year), or when you reach 50."
So should be 50 based on what you say.
C_Mababejive wrote: »
I think one of the issues with student loans is that the interest increases with RPI. HM Government has stipulated that it no longer thinks RPI is a proper and accurate measure of inflation so why arent they charging CPI on student loan?
Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support