Student Loans Maturity Date

KeenHammer

Having received a settlement offer from student loans, they have brought up something new. 
Apparently, the loan is set to "mature" on 28/03/2024.
Currently, the loan is deferred due to income being too low to pay it. 
It suggests that on this date, regardless the whole amount would need to be paid back. 
This also suggests that should wages rise and deferment cease, the whole loan would need to be repaid by that date. 
The age-related cancellation date is 23/04/2026. 

My question is around this appearance of the loan maturity date. It is the first time I have heard of it. 
Looking at this, if deferment continues for 25 months more, during the next 3 years, then the maturity date is pushed back beyond the age-related cancellation date, and the loan will be wiped off before it matures. 
Should I accept their offer and pay off early? (Not that I currently can afford to!) 

nick74

What year did you graduate? Does the 2024 date fit with the March, 25 years after your course finished? If so, then I think this 'maturity' date would be the point that the whole loan balance is written off in full, rather than needing to be repaid in full by you!
If you think your income will allow you to keep deferring until the point the loan is written off then you may as well keep deferring. As long as you continue to comply with the deferrment rules then they can do nothing but eventually write the entire balance off. That is why they are giving you a settlement figure now in the hope that they will at least get some money back from you, rather than zilch.