Student loan Pay off Discount

the_survivor

Hi.
I got a letter from Erudio Student loans to say that if i pay off 1/2 of the balance remains, they will write off the remainder.
What should i do?
Will my debt we written off ultimately at a later stage anyway or is this a good offer?

thanks

CakeCrusader

You could do with writing more info. How old is your student loan, have you constantly deferred, do you have any arrears?



Student Loans are written off after 25/30 years (it depends on the date they were taken out), or they are written off if the customer is unable to work due to health problems, or if the customer reaches a certain age. If you've never made a repayment and your loan is close to being written off then they have probably offered you a settlement because it's the best chance for them to get money from you.