student loan

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carole2662

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Post by carole2662 » Tue Jul 20, 2010 3:28 pm
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Arn't student loans writen off after 25 years or is that only if you never earn enough to start paying
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flow13

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Post by flow13 » Tue Jul 20, 2010 3:58 pm
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Nicola.sa wrote:

I have both styles of student loan. One comes out of my salary but I also have the other type which you can defer if your salary is under a certain amount. Last year my salary was just £20 under the threshold before one has to start paying it back. I expect come next June my salary will be over the threshold and I will have to start paying it back and it is in the region of £130 per month so that is also something I am worried about.
Mine was like this.. I have only been paying the loan back for about 3 years and I have been out of uni for about 8 years. BTW I oay back about £20 a month xx
Last edited by flow13 on Tue Jul 20, 2010 3:59 pm, edited 1 time in total.
Its now time to start living and to make some some wonderful memories!
Read my blog at http://flow13.blogs.iva.co.uk/ 'Aiming for the finish line'
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MelanieGiles

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Post by MelanieGiles » Tue Jul 20, 2010 11:59 pm
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Yes - this will be deemed to be a necessary expense of your IVA Nicola, when you do need to start repaying the loan of course.
Regards, Melanie Giles, Insolvency Practitioner
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