Student loan written off then new loan taken out

Carole73

Hi,
I appreciate that I'm probably in an unusual position but I'm looking for advice as I can't find a definitive answer anywhere!
I took out three student loans in 1992, 93 and 94.
According to information on this page, my student loans should be written off in 2019 as it will be 25 years since the date of my last student loan.
However, I have been offered a place at university to do a PGDE in Primary teaching starting in August 2018. My question is, if I take out a student loan in August do I then have a new "date of taking out my last student loan" and therefore my original ones will not be written off? Or, is it a completely separate loan that shouldn't impact on the original one being written off.
I really need some money for childcare, books and travelling to and from university but it would be crazy to jeopardise the possibility of the original loan being written off!
Thanks in advance for any help or advice!

robber2

hmmm, sorry to bring you this news but I'm not even sure that you are entitled to any student loan for a 2nd degree / course.

Suggest you head over to www.thestudentroom.co.uk where there are posters who will be better informed and can give you a definitive answer.

good luck

Rob

Carole73

Thank you for your reply- much appreciated. I'll check out the site you recommended. I hadn't even considered that I wouldn't be able to take out another loan!!! I'll find a way to get through the course somehow! Cheers, Carole

agrinnall

Take a look at the Teacher training section of this page.

https://www.gov.uk/funding-for-postgraduate-study

Ed-1

Carole73 wrote: »

Hi,
I appreciate that I'm probably in an unusual position but I'm looking for advice as I can't find a definitive answer anywhere!
I took out three student loans in 1992, 93 and 94.
According to information on this page, my student loans should be written off in 2019 as it will be 25 years since the date of my last student loan.
However, I have been offered a place at university to do a PGDE in Primary teaching starting in August 2018. My question is, if I take out a student loan in August do I then have a new "date of taking out my last student loan" and therefore my original ones will not be written off? Or, is it a completely separate loan that shouldn't impact on the original one being written off.
I really need some money for childcare, books and travelling to and from university but it would be crazy to jeopardise the possibility of the original loan being written off!
Thanks in advance for any help or advice!

Your pre-1998 loans were under different terms and conditions.

Taking out an income-contingent loan for a PGCE (which everyone is entitled to) will have a new write off date of 30 years from the April after the course finishes but this won't affect the terms (and therefore the write off) of your pre-1998 loans.

Carole73

Thank you - this was my gut feeling as my original loan has been sold on and the new loan definitely would be under different terms. Because I'm going into teaching (in Scotland - I probably should have mentioned that in my original post), I am very hopeful that I'll be earning money and will be in a position to pay off a new loan but it would be such a bonus not to have to pay off my old loan too!!
Thanks again

Carole73

Thank you, I appreciate the link and you taking the time to respond.

Ed-1

Carole73 wrote: »

Thank you - this was my gut feeling as my original loan has been sold on and the new loan definitely would be under different terms. Because I'm going into teaching (in Scotland - I probably should have mentioned that in my original post), I am very hopeful that I'll be earning money and will be in a position to pay off a new loan but it would be such a bonus not to have to pay off my old loan too!!
Thanks again

The write-off date in Scotland is currently 35 years. I don't know whether you're aware but the Scottish Government are currently planning on changing this to 30 years and raising the threshold on loans to £22,000. I don't know whether it'd make much difference to someone in your position but you might want to wait and see if they only apply the new conditions to new loans, or existing loans too. My hunch is that they'll apply the 30 year write-off to new loans and the higher threshold to all loans.

Carole73

Interesting- thanks again for your reply. Lots to think about!