Is the debt repayment period being changed on my loan?

7samwatson7

Hello, I attended University 2007 - 2010. My understanding is that my loan is a plan 1 loan. When graduating I believe the T&Cs of the loan stated that if not repaid within 25 years following the first April post graduation, the remaining debt would be wiped. Is this still the case (?) or have the T&Cs changed, or are due to change for loans taken 2007 - 2010 ? If so, I'd be grateful for any clarification. Thank you

MattMattMattUK

7samwatson7 said:

Hello, I attended University 2007 - 2010. My understanding is that my loan is a plan 1 loan. When graduating I believe the T&Cs of the loan stated that if not repaid within 25 years following the first April post graduation, the remaining debt would be wiped. Is this still the case (?) or have the T&Cs changed, or are due to change for loans taken 2007 - 2010 ? If so, I'd be grateful for any clarification. Thank you

You would be on Plan 1. 

When Plan 1 loans get written off

When your Plan 1 loan gets written off depends on when you first took out a loan for your course.

If you took out the first loan for your course on or after 1 September 2006

The loans for your course will be written off 25 years after the April you were first due to repay.

https://www.gov.uk/repaying-your-student-loan/when-your-student-loan-gets-written-off-or-cancelled