Student Loan Interest

CB-1

Hi,

My student loan is part of the pre-2012 system (Plan 1). I understand that this debt gets wiped after 25 years.

I wondered if that also includes the interest, or just the original money borrowed?

Like most, I will probably never be in a position to pay off the student debt in full. I am worried that if the interest does not get wiped, by the time 25 years rolls around I will basically have as much interest as the original loan.

Thanks

foxy-stoat

Its the balance on the remaining amount in 25 years time. Check your paperwork though.

CB-1

The remaining amount being, both the original student loan and the interest on top (sorry to be pragmatic, just double checking)? I will definitely look at the paper work too.