News0 min ago
old style student loans
3 Answers
As I am never likely to be working / earning enough to repay the old style student loan (1995), is there a point at which the student loans company will give up asking for it?
Answers
Best Answer
No best answer has yet been selected by lyn1509. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.The loan or remaining balance is written off after 25 years if you have been earning too little to have to paid it off by then.
This is the current rule - I suspect it doesn't apply to older loans. ISTR reading that they would give up asking about it when you reach retirement age, but haven't been able to confirm this.
This is the current rule - I suspect it doesn't apply to older loans. ISTR reading that they would give up asking about it when you reach retirement age, but haven't been able to confirm this.