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’ve got literally no idea how much I even know as apparently I failed the security checks when I phoned up so the robots on the phone line won’t tell me!! I KNOW they’ve recorded something wrong as it’s things I wouldn’t forget like mother’s maiden name and city of birth. If it was favourite
Food then yeah I may have forgotten but not the sort of things they were asking. Phew, feels good to get that off my chest! 😆😆

*owe

Handsnotwands mine were 95-6 and 96-7. Just the two loans, I didn't apply for one in 94-5.

I had to ring up about something, and just said, "oh, by the way.....out of interest..." blah blah blah, and they told me 10/2021 written off. I wrote down his name and everything so he can be quoted

However, I live abroad and there are some rumblings of closing expats' UK bank accounts, which would mean they cannot claim anything anyway. It's all a bit FUBAR. I don't want to dodge anything, or receive penalties in my final year.

• after Brexit, sorry should have mentioned that bit!

I know this is a old discussion but has anyone who was expecting their loans to be written off this year had them written off now? If so what happens did you need to call or did you just get a letter?
I'm worried about the suggestion that if you have made any repayments they don't get written off after 25 years so would like to know if anyone has experience of this.

Yes just got a letter Saturday confirming mine is now cancelled.

I got a letter earlier this week. I received my last loan payment in October 1996. I never made any repayments.

Oh interested to know as well!!

Once a payment was taken by mistake I think and then paid back to me. I'm around 1994/1998 I think

Yes mine was 93/94, it got written off last year. Had never really paid any of it back except a couple of years I had to pay arrears when I'd forgotten to send in the deferment form. On the one hand it's depressing that I still earn so little that I was able to defer it every year - on the other hand it's brilliant to have it written off. With no guilt, as it was within the terms of the loan.

Those who have had it paid off - are you in Scotland?
It seems in England Plan 1 taken from 1998-2005 isn't cleared until you turn 65, which seems unfair. This is the only time bracket 65 applies to - all others cleared 25 or 30 years after!

Moon, hopefully someone will answer but they say they finished before 1998 so their loans taken out before that?

The loans changed in around 1998 when Blair introduced fees.

Before that they were just for the maintenance element and repayment was mortgage style, so you payed the full amount back over a fixed term. They had a “cliff-edge” into payment too- once you hit the salary to repay you were paying it back at the level to pay it back in that set time, so a pay rise which took you over the deferral point could leave you worse off due to repayments.

Once fees came in the loans were paid back as a % of your salary over the deferral point. There was no fixed term for repayment, repayments were generally far lower, and so the write-off time was much longer.

Hope that makes sense.

Sigh, student loans. Mine comes direct from employer. If you’ve never reached the threshold I’m so glad it’s been cancelled after 25 years. I’ll keep trudging on, seeing the monthly payments go out of my salary, until the bitter end!

Thanks for the updates. I graduated in summer 2000 so hoping mine will be cancelled in late 2024. I hadn't repaid anything until earlier this year when I was just over the threshold. The threshold went up again in September so just got them deferred again.
It's so hard to find out about rules on these old loans except the bit on the Martin Lewis site.

I finished uni in the summer of 96 and mine was written off last year.

I graduated in 2000 and received a letter to say my loans would be written off in 2024. They also tried to 'tempt' me with a one off payment of about 1/6th of what I owe and they would waiver the rest but I'll hold on for 2024 thanks!

I do feel a bit bad for not paying it off but due to having children and my career being affected, I have never earned over the threshold. I am now also a single parent so there is no chance of that happening between now and 2024.

1998?

So wouid I still be in 25 years then or did Blair mess that up