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Paying Student Loan in retirement?
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Idpullthecurtain
Posts: 171 Forumite
Does anyone know this?
I took out another student loan as a mature student.
So some will still be outstanding after I retire. Most loans get wiped at 65 years old. But this one doesnt, it says it gets wiped after 30 years. But that is after Ive retired.
So what are the implications? I wont be earning so they cant take repayment? But also it wont be wiped. This seems like a weird situation?
I took out another student loan as a mature student.
So some will still be outstanding after I retire. Most loans get wiped at 65 years old. But this one doesnt, it says it gets wiped after 30 years. But that is after Ive retired.
So what are the implications? I wont be earning so they cant take repayment? But also it wont be wiped. This seems like a weird situation?
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I haven't paid my student loan in 14 years. I've not worked due to medical conditions. The only contact i have had with the student loan company is a yearly statement. It just sits there accruing interest until it gets to 30yrs or you die1
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If you won't be earning what will you be living on? Can they take ££ from pensions if they exceed a certain amount?I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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