Should my 1994/1995 student loan have been written off by now?

[JacobReesMogadishu]

My loans are the old style ones, where after 25 years they’re written off.

I started uni and took a loan out each year. So last one was sept 1996. But theyre 3 separate loan agreements with 3 separate numbers.

I’m still paying them back and seem to still be paying all 3 back. Is there something in the small print that if you’ve started paying they don’t get written off, or it isn’t until the last one is 25 years old?

I have one from the same era. I thought it was 30 years before they are written off.

It's 25 years from the first payment of the final loan so you have another year to go.

I have been hopeful too though mine are from 97 to 20. I believe that they only get written off if no repayments have been made at all on them. I am due to finish repaying mine just before dd1 will be going to university (assuming she goes of course!)

25 years for me.

But I haven't made a payment.

So in Sept 2021 should they all be written off even if I’m halfway through paying?

Money saving expert has a post on their page dedicated to this. Worth a look

I believe if you've started paying you have to keep paying I'm afraid

I've had a letter to inform me my first student loan has been written off, I took it out in 1992 and the first payment was due 1995 had I earned enough to not be able to defer. I've deferred every year since then.

Well fingers crossed just a year to go then. I’ll have paid two thirds of it off I think.

Same years as mine. It'll be written off October 2021

Cannot. Effing. Wait!

Spartacus yes I know which loans they are, 6 of them in this house. Good to hear that isn't true, although I'm struggling to find info either way. I remember reading pages and pages of info on them with the whole eurido debacle(s) but that was like wading through treacle trying to understand.

Thanks everyone, knew you lot would know. Googling wasn’t helping much.

I'm curious about people's moral standpoint on paying these off. Do you think if its affordable then you should make the repayments? Suppose you earn below the threshold but your partner is a high earner - does that make a difference? I'm wondering if I'm a mug for paying mine off when I could have deferred!

Gosh I have 4 years to go then!

Fruitpastille personally I think university education should be free so I have no moral qualms about not paying them off. As a household I've paid mine, my husband hasn't paid his. No way would I use my income to pay them off when we could defer.

@fruitpastille

I'm curious about people's moral standpoint on paying these off. Do you think if its affordable then you should make the repayments? Suppose you earn below the threshold but your partner is a high earner - does that make a difference? I'm wondering if I'm a mug for paying mine off when I could have deferred!

Well students a few years earlier got the whole bloody lot for free. I have no qualms about not paying it all back.

Spartacus I'll have the contract somewhere I'm sure. I'm crap at throwing old paperwork away so it will be 'filed'

I rang Erudio and got a very polite young man* who told me my loan disappears October 2021. Just call them, it doesn't take 5 minutes.

*YOUNG MAN! Channelling Harry Enfield

I had a flurry of increasingly desperate settlement offers a year or so ago. Might be worth offering them an arbitrary amount if you’re earning around the repayment threshold?

So @elQuintoConyo is that 25 years from the date of your last loan?

Mine were 97-2000 and I’d also gone around in circles trying to find out if it’s 25 years from each loan date, or the first, or the last

The loan gets cleared 25 years from when you graduated. So if you graduated in 1996 you should get a letter in 2021 to say it's been written off.