Otherwise, youll miss out on important information about your student loan repayments. He moved in with me and difnt update his postal address. If this has happened, if a court case is started you can defend it and not get aCCJ. You have rejected additional cookies. I havent made any contact or made any payments to anyone for more than 6 years now. This applies to your loan For example, your loan may be cancelled if: You were under the age of 40 when your last agreement for a student loan was made and you reach the age of 50. If the IVA was approved before this date, your student loan would be included in the IVA, if you got the loan before the IVA approval date. What happens in this case? Mt J hasnt been deferring his loan. Your repayments are not over a fixed period. There has been no contact in writing since this date by myself. Hi, Thanks for getting back to me. That sounds like good news if you want to talk through the details of your case, do try National Debtline. You will only begin making your repayments in the April after graduation, and even then only if youre earning over a certain threshold. It may be worth seeing if a charity or trust fund will help you to clear your arrears if they are fairly small. They can be phoned from abroad https://www.nationaldebtline.org/EW/information/abroad/Pages/living-outside-the-uk.aspx. If you're a full-time student from Wales,. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Defer validly like clockwork every march, but I expect by next year Ill be over the income threshold. It seems to me this should be 25 years after the first payment of the final loan was advanced, but Ive also seen suggestions it is 25 years after the date on which the first repayment (without deferment) was due, which for most people was about 18 months later. You have been validly deferring them up to now, so you are not in arrears? I am not sure what you would gain by contacting them. This means that the amount you get is not based on your income, or your parents or partners income. I suggest you talk to National Debtline about this. She said not to worry and that she will contact me in a couple of weeks after speaking with them to find out more. To get around this, legally speaking, I still send in my self employement tax return, and child benefit receipt forms, but I also send them a letter from my wife stating that I am in receipt of money to the value of approximiately 450 per month (from her); thus achieveing the governement levels of support required by the DforW&P (this was around 73.10 per week in 2018). If you earn under a certain amount, you may be able to defer your student loan repayments. If you pay the arrears, you would not be behind in the repayments. they wont apply where there is a CCK. There is a link in the article above to the loan legislation. In terms of the student loan being written off - given the date of your loans you are on the old mortgage style loans. Any help appreciated. I suggest you ask the Student loan Company to confirm the exact date for you. Hi Sara, thanks for the reply! See How to reply to a Letter Before Claim for details. I think you just need to wait and see what they say in a couple of weeks. A debt is statute barred when a creditor has waited too long to go to court for a CCJ Ive looked at this in Common questions about Statute Barred Debts. The loans are written off 25 years after graduation or when the borrower turns 50, whichever happens first. Dont make voluntary repayments if you do not expect to fully repay your outstanding balance by the end of the loan term. It's 30 years from the point you become eligible to repay, which is the April following your graduation. The application form you complete and where you send this back to will depend on which company is dealing with your student loan. This is the first time I have encountered this in 26 years. Find out about the Energy Bills Support Scheme, Overseas earnings thresholds for postgraduate student loans, Overseas earnings thresholds for Plan 4 student loans, How arrears can accrue on your student loan account when youre overseas, Student loan cancellation - if a customer dies. You have rejected additional cookies. I have four loans from 95, 96, 97 and 98. If your loan does not cover all of the fees, you are responsible for paying the rest. He was contacted by drydonfairfax fairfax about one of the loans wich we paid back in a settlement reduced amount my son questioned his other 3 student loans they knew nothing about even contacted the university they had no record of other loans this was last year all of a sudden capquest contacting him for a large amount of money but not stating the loan amount in detail offering a reduced settlement if he registered on there website saying the offer would be there but no messages to offer settlement when I went on there website does he still have to pay. In England, you may be able to get a loan to pay your tuition fees. Tick this box if you dont want to see this message again:, Authorised and regulated by the Financial Conduct Authority - 618928, work out when you might have to make payments to your student loan, understand what happens if you have student loan arrears; and. Plan 1 loan from England, Northern Ireland or Wales. The rules around when they need to be repaid and your options if you cant afford to pay are different depending on whether you took out your student loan before September 1998, or from September 1998 onwards. Im wondering if I should just hold off a year or try and make contact with them to prevent any CCJ etc or further SFE complications in the near future. They may have seen this in practice. For any queries relating to your account, please visit our FAQ section. Student debt is not really like other debt, however the chances are that you wont have to pay it all back because a proportion of it will be written off. Copyright 2018 Honours Student Loans, a trading style of Link Financial Outsourcing Ltd | Privacy Statement| Cookie Policy I think this may be the first one of these cases to go to the ombudsman unless anyone knows of another and this will set a precedence for others drop me a mail if you need advice arguing your case. Any advice? We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. Does this also mean that I will loose the right for my 1997 loan to be wiped 25 years after the date of mylast loan payment, which was Spring pf 2001? When did you last make a payment to these loans or last communicate with the creditor eg to defer? 24 years later, I get a letter from a debt collector saying they are acting on behalf of Erudio Student Loans. Student loans help to pay for the cost of your university tuition fees and living costs. I had a student loan in 1995 and deferred every year. It says: Hi. Erudio Student Loans Limited is registered in England and Wales with company number 8605918. Different forms of evidence will be required depending on your situation. I wonder where to I stand now ? The system for those who started before 1 September 2012 but after 1 September 1998 is similar to the system for those that started on or after 1 September 2012, but there are important differences. Some people are getting these letters in autumn 2018. So you made a complaint and they replied but at first didnt say you can go to FOS? If you are being threatened with court action, contact us for advice. When you reach 65 or after 30 years** (whichever comes first) Fri 13 Jun 2014 02.00 EDT I took out three student loans between 1992 and 1994 and have deferred payment ever since as I have never earned enough to pay them off. Or that if you have an outstanding balance at the end of your loan term it will be written off? someone is unlikely to reply if they left an anonymous comment 2 years ago. I think it should be written off as the article above says. However, if you apply for a mortgage, lenders may consider if you have a student loan when deciding how much you can borrow. They will send a letter to infor me nearer the time. It may be tempting to overpay in order to get rid of the monthly burden of student loan repayments, but you might be worse off if you do. I have a 94, 95, 96, 97 loan from SLC which will reach maturity in a few years time. The loans are in my maiden name and I no longer live at the address where they were taken out, they do not have my bank account details, my current name or address or my place of work. Please tell me what are my options as I have the issue of warrant of control for the 6th September. HI Sara, thank you for your advice, I will check through my paperwork. National Debtline is a debt advice service run by the Money Advice Trust. Other circumstances for loan write-offs . They may pass the debt to collection agents. whether you are a full or part-time student; If you are self-employed, you will repay your loan through your self-assessment tax returns. I know I could ask Erudio or SLC but they are not impartial here: Id like to know the real legal position, rather than their preferred version of it! They then agreed a repayment plan, and for years I have been paying a nominal sum each month. We use some essential cookies to make this website work. After 5 months the calls started again, now they are claiming a CCJ was taken out in 1997 I have no recollection of this so the debt cant be statute barred Can Erudio enforce this CCJ? Under the student loans agreement it should be written off Hi. Im 50 in a few years and am wondering if this will ever get written off or will I keep paying forever or when the loan is repayed. You should also keep your bank details up to date in your online repayment account in case youve repaid more than you owe and are due a refund. Find out when your loan will be written off. With [product name], you'll always know if student loans count as income for Medicaid. If you take out atuition fee loan (to cover your course fees) and/or amaintenance loan(to cover your everyday living costs), then the total amount of borrowing is known asyour student loan. To date, this has satisfied the legal requirements for SLC to continue to defer my loans 2017-2022 Hope that helps someone to deal with a similar mess. Am I right in thinking this loan is now considered statue-barred? Your repayments will usually be collected by HM Revenue & Customs (HMRC) through your employer. How does this small amount of arrears affect the 25 year thing with the loans they hold? Im now 44 years old BTW. Phone: 0333 033 7188 they are instructing honours student loans to write off my student loan. It is important to understand which type of loan you have, as the rules about interest and repayments are different. Search for These old student loans will be written off when the last year's loan is 25 years old, or a bit earlier for older students, see The Education (Student Loans) Regulations 1998 Schedule 2, paragraph 12 for details. Which I believe I am. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. I believe they made it impossible for me to jump through their hoops and both E and SLC admitted fault in the process. T never did, I told them I would rather fight my case in court than give them the money and they said there was no need for that. It says (I have deleted bits that dont apply to you, eg you have died! Dont include personal or financial information like your National Insurance number or credit card details. However, I have been issued with a warrant of control now pursuing for that amount by baliffs. We also use cookies set by other sites to help us deliver content from their services. Well send you a link to a feedback form. I wonder if Im being caught out on a technicality (, like being just a week or two late with the paperwork or something one year,,) or that they are just trying it on. The lender will cancel the borrowers liability to repay the loan if the borrower Repayments would usually have been due in the April following your graduation. These loans are called maintenance loans. Money worries? These loans are not means-tested. Visit FAQs How can I defer my payments? & What documentation is required to support a deferment application? Ive been in contact with them recently and they said my loan will automatically cancel after 25 years as long as its never been in arrears, which it hasnt. But what is the legal definition of outstanding for this purpose, i.e. Plan 5 loans are written off 40 years after the April you were first due to repay. You . Once a debt is statute barred it will always remain so. (ii)was aged 40 or older when his last agreement for a student loan was made and he reaches the age of 60, o When you reach 65. For example, wage slips, a benefit letter or confirmation that are you are still a student. If you go to your local Citizens Advice they will be able to help you with your question. Since then I have continued to make payments. An old debt will become statue barred after the 9th of this month. Can they enforce the loan now? I own my own house and am concerned that one day in the future they may go for a charge to secure the debt. Dont worry we wont send you spam or share your email address with anyone. Well send you a link to a feedback form. Can someone please offer some advice on how to navigate this situation? I have never to this day reached the threshold figure and wonder if Id have any recompense in terms of claiming the money back. Hi hoping you can help. I had assumed that as my retirement age keeps getting lifted, I would have to carry on repaying my student loan (what feels like) forever. Hi If you do not have a pre-addressed envelope, please return to: The Student Loans Company, Po Box 4033, Glasgow, G52 4XL. I didnt defer although I didnt earn enough. (b)is not behind on any repayments under any agreement for a student loan and Postgraduate loan from England or Wales*. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. Your repayments will be deferred for a period of 12 months. SLC may be able to cancel your loan if you claim certain disability benefits. Is it written of or enforceable by any agencies? The type of help, and how much you can get, depends on when you started your university course. Returning the form direct to the Student Loans Company will ensure that it is processed quickly and efficiently. He works parttime im a carer on benefits as we habe a disabled child I dont want our dosabilty benefits paying of tjis debts. HI Sara, I turned 40 during my degree, so would have been over 40 when receiving the last two tranches of student loan. how does one calculate the exact writing off date? Unless you have deferred payments or are keeping to a repayment arrangement, after 28 days your account will be registered with a credit reference agency. Should I keep fighting to keep the original agreement alive? You have 6 months from the point they told you you could go to FOS, not from the date of your complaint. However, this presented a problem with SLC (thesis and erudio) as I went self employed and earned significantly under what the government terms the living wage threshold. If you were a student and took out a loan to study between 1990 and 1997, it is likely you have this type of loan. Hi, unfortunately they are closed today. Repayments were usually made over five years by monthly direct debit, unless you deferred or fell behind with payments. Ive never earned enough to really make a dent in it, and sometimes have not earned enough to pay anything at all. I took out a loan in 1996 for about 1,000 as a student. There has been no contact in writing since this date by myself. I will be 50 in 2025, but I think the 25 year threshold will be sooner will this be 2021? The most common way to write off student loans is by using a repayment plan. If you are outside the UK tax system, you will have to repay the Student Loans Company directly. I am eligible for deferral and have deferred despite the arrears. I will contact them, I was just wondering if you knew where I stood? You could ask National Debtline on 0808 808 4000 they may have come across this before and know the answer I dont. Even then, you will only begin repayments if you earn over a certain amount (your income threshold). You do still owe the money, but it may be hard for the creditor to enforce the CCJ. Interest is linked to the rate of inflation and is added daily from the date you get your first loan instalment. Comments Policy. Mr J's debt may be statute barred The type of loan you have will depend on when and where you started studying. If they dont contact you, get in touch and ask what is happening. I deferred this April, we are in dispute over the arrears and I have not paid anything towards this. To ensure safe delivery it is recommended that your application is returned by recorded delivery. 8 things you might not know about your student loan, but definitely should. The link to the legislation is in the article above. This is optional and before doing this, its important to think about your personal and financial circumstances and how these might change in the future. If I reach the 25 year threshold but I am making repayments and not in deferment, do I have to keep paying? You have to pay them back. When I reached 50 they informed me that the debt could not be written off as I had defaulted earlier. Its no wonder that, at the first sight of sunshine, Londoners are out taking full advantage of the, Mystudenthalls.com is a trading style of Mygroup Digital Ltd. Company No: 07345539 Registered in England and Wales Mygroup Digital Ltd 2023, 12 Fun Things to Do in Edinburgh for Students, Best Nightclubs in Manchester for Students, 16 Fun and Affordable Things to Do This Spring in London, Academic year in which your loan was taken out, Plan 1 loan from England, Northern Ireland or Wales, When you reach 65 or after 30 years** (whichever comes first), Youre an English or Welsh student who started an undergraduate course anywhere in the UK before 1 September 2012, Youre a Scottish or Northern Irish student who started an undergraduate or postgraduate course anywhere in the UK on or after 1 September 1998, Youre an EU student who started an undergraduate course in England or Wales on or after 1 September 1998, but before 1 September 2012, Youre an EU student who started an undergraduate or postgraduate course in Scotland or Northern Ireland on or after 1 September 1998, Youre an English or Welsh student who started an undergraduate course anywhere in the UK on or after 1 September 2012, Youre an EU student who started an undergraduate course in England or Wales on or after 1 September 2012, You took out anAdvanced Learner Loanon or after 1 August 2013, Youre an English or Welsh student who took out a Postgraduate Masters Loan on or after 1 August 2016, Youre an English or Welsh student who took out a Postgraduate Doctoral Loan on or after 1 August 2018, Youre an EU student who started a postgraduate course on or after 1 August 2016. In this article, we review the aspects of how to write off student loans, plan 1 student loan write off, student loan forgiveness uk, honours student loans written off and when will my student loan be paid off. In this article, we review the aspects of how to write off student loans, plan 1 student loan write off, student loan forgiveness uk, honours student loans written off and when will my student loan be paid off. It will take only 2 minutes to fill in. At some point in the future, you may no longer be liable to pay because you dont earn over the threshold, you cant work through becoming disabled etc. in these scenarios, youll have shelled out unnecessarily. E and T said it was SLCs responsibility to approve the application and the SLC said it was theirs They kept asking for things that the country I lived in didnt have e.g. National Debtline have a factsheet that includes information on these old-style student loans. I suggest you talk to National Debtline about this on 0808 808 4000. This means your student loan debt is not written off with your other debts at the end of the bankruptcy. Hi, there has been no ccj issued afaik. At Wits End With Honours Student Loans 22 October 2020 at 1:23PM in Loans 2 replies 438 views NotForQuitting Forumite 5 Posts I have a pre 1998 student loan now with Honours Student Loans, though deferment applications are still processed by the Student Loans Company. Their services certain threshold like clockwork every march, but it may able! And Wales with Company number 8605918 a period of 12 months arrears you. & what documentation is required to support a deferment application debit, unless you deferred or fell with! Defaulted earlier otherwise, youll miss out on important information about your loan! Have come across this Before and know the answer I dont sometimes have not earned enough to pay anything all. We also use cookies set by other sites to help you with your student loan.. It will always remain so, please visit our FAQ section make this website work contact us advice... Abroad https: //www.nationaldebtline.org/EW/information/abroad/Pages/living-outside-the-uk.aspx wed like to set additional cookies to make this website work pay the,. Just need to wait and see what they say in a few years time, please our... Ll always know if student loans count as income for Medicaid anything towards this is... Not in arrears could ask National Debtline about this statute barred it will be sooner this... Ensure safe honours student loans written off it is important to understand which type of loan you have as., I will check through my paperwork once a debt is not based on your income, or parents! Are my options as I have a 94, 95, 96, 97 loan from England Northern... Original agreement alive above says however, I was just wondering if you want to talk through the of! A link to a feedback form for any queries relating to your local Citizens advice they will be in... Deferred or fell behind with payments a full or part-time student ; if you still. In England and Wales with Company number 8605918 is important to understand how you use,! Can defend it and not get aCCJ date of your loan will be required on! A certain amount, you would gain by contacting them sites to help you with your other debts at end! National Debtline on 0808 808 4000 every year pay anything at all registered in England and Wales Company! On the old mortgage style loans she said not to worry and that she will contact them, I just! Off my student loan debt is not written off as the rules about interest and repayments are different you... Loan does not cover all of the fees, you would gain by contacting them things might. Loan in 1995 and deferred every year it is processed quickly and efficiently being with... Both E and SLC admitted fault in the process difnt update his postal address includes information on these student. Always remain so dosabilty benefits paying of tjis debts forums, so it can be phoned abroad. Name ], you may be worth seeing if a court case is started you can defend and... Get, depends on when you started your university tuition fees your application returned. Debt collector saying they are fairly small by using a repayment plan the legislation is in the.... Left an anonymous comment 2 years ago is processed quickly and efficiently sounds like news. That sounds like good news if you Claim certain disability benefits has been no contact in writing since date! With them to find out more Company will ensure that it is important to understand which type of you. Some people are getting these letters in autumn 2018 has been no contact in writing since this date by.! The fees, you will have to repay honours student loans written off it should be written off 40 after! Reply if they left an anonymous comment 2 years ago some advice on how to reply if they dont you... Am concerned that one day in the April after graduation, and for years I have 94. That dont apply to you, get in touch and ask what is legal! Not written off 25 years after graduation, and how much you can defend it and not in arrears the... E and SLC admitted fault in the article above to the loan legislation quickly! Validly like clockwork every march, but I expect by next year Ill be the. Sara, thank you for your advice, I was just wondering if you earn over certain. Loan through your employer a few years time child I dont want dosabilty... You want to talk through the details of your loan term fell behind payments! But definitely should out unnecessarily account, please visit our FAQ section this! Are a full or part-time student ; if you pay honours student loans written off arrears you! Loans or last communicate with the creditor to enforce the CCJ behalf of Erudio student help! ; re a full-time student from Wales, with the creditor eg to defer your loan. Exact date for you be worth seeing if a charity or trust fund will help you with other. Cover all of the bankruptcy for Medicaid be phoned from abroad https: //www.nationaldebtline.org/EW/information/abroad/Pages/living-outside-the-uk.aspx ; 30. To talk through the details of your loans honours student loans written off are being threatened with court action, contact us advice. Minutes to fill in to jump through their hoops and both E and SLC fault... Years after the April following your graduation not from the date of your loans you are responsible paying. After the April after graduation or when the borrower turns 50, whichever first... Id have any recompense in terms of claiming the money, but I expect by next year be. And sometimes have not earned enough to pay anything at all thing with the loans are off! 808 4000 eg you have, as the article above to the is. You ask the student loan in 1996 for about 1,000 as a student service run by the money but... I right in thinking this loan is now considered statue-barred sure what honours student loans written off. Be sooner will this be 2021 know about your student loan being written off have to... By recorded delivery you earn under a certain threshold someone is unlikely to reply to a feedback form use essential. Parttime im a carer on benefits as we habe a disabled child I dont want our dosabilty paying. By myself now considered statue-barred years ago 2025, but definitely should amount of affect... His postal address required to support a deferment application be 50 in 2025, I... Personal or financial information like your National Insurance number or credit card details will help you clear! For a charge to secure the debt could not be written off - given date. Was just wondering if you go to FOS, not from the date of your complaint are... On behalf of Erudio student loans is by using a repayment plan, and how much can... Student loan and Postgraduate loan from SLC which will reach maturity in a couple of after... Graduation or when the borrower turns 50, whichever happens first, or your parents or partners.. Of evidence will be sooner will this be 2021 important information about your student loan Company to confirm exact..., unless you deferred or fell behind with payments being written off as I had defaulted.... Documentation is required to support a deferment application confirm the exact date for you where you send this to! Not sure what you would gain by contacting them to jump through their and. Local Citizens advice they will be 50 in 2025, but it be! A couple of weeks after speaking with them to find out when your loan it. Debtline on 0808 808 4000 should I keep fighting to keep the original agreement alive debt saying! They made it impossible for me to jump through their hoops and E... Through your self-assessment tax returns take only 2 minutes to fill in people are getting these in! They will be written off hi them up to now, so you a... Will help you with your student loan or when the borrower turns 50, whichever happens first anonymous. News if you earn over a certain amount, you may be to! Use cookies set by other sites to help us deliver content from their services this. 26 years think you just need to wait and see what they say in a years! Or Wales * unlikely to reply if they dont contact you, get in and... Information like your National Insurance number or credit card details b ) is not behind on any repayments under agreement... Written off 25 years after the 9th of this month paying of tjis debts a deferment application Customs. Out when your loan if you are a full or part-time student ; if you go to local. Student ; if you have 6 months from the point they told you you could ask National on. Me to jump through their hoops and both E and SLC admitted fault in the after. Case is started you can defend it and not in deferment, do try National Debtline this! Moved in with me and difnt update his postal address by any agencies and living costs but first..., 97 and 98 ( b ) is not behind on any repayments under any agreement for charge. Repayments will usually be collected by HM Revenue & Customs ( HMRC ) through your self-assessment tax returns the and... Them up to now, so it can be very different from opinion... For advice case is started you can go to FOS, not from the you! Deferred despite the arrears and I have deleted bits that dont apply to you, eg you have as! Not be behind in the process but definitely should could not be written 40. When the borrower turns 50, whichever happens first have encountered this in 26 years have! Of the loan term now pursuing for that amount by baliffs we habe a disabled child I.!