Student Loan Concession

Tight247
Tight247 Forumite Posts: 1 Newbie
Hello Guys

I was wondering if anyone knew whether there are any concessions with the student loans depending on your individual circumstances. Apart from the fact, it gets written off if you pass away or hit the retired age. Thanks.

Comments

  • Brie
    Brie Forumite Posts: 7,446
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Forumite
    Well you only pay if you are earning above a certain amount.  What other special circumstances might come in to it?
    "Never retract, never explain, never apologise; get things done and let them howl.”

    2023 £1 a day  £553.26/365
  • MattMattMattUK
    MattMattMattUK Forumite Posts: 7,256
    1,000 Posts Second Anniversary Name Dropper
    Forumite
    Tight247 said:
    Hello Guys

    I was wondering if anyone knew whether there are any concessions with the student loans depending on your individual circumstances. Apart from the fact, it gets written off if you pass away or hit the retired age. Thanks.
    What kind of concession are you after? Do you want it written off, exemption from payments? On what basis do you think you should hot have to pay as per the agreement?

    After the applicable time period depending on your plan, upon death, or in the case of a disability or terminal illness which would permemantly remove one's ability to work.

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

Categories

  • All Categories
  • 338.9K Banking & Borrowing
  • 248.6K Reduce Debt & Boost Income
  • 447.6K Spending & Discounts
  • 230.8K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 171.1K Life & Family
  • 244K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards