Question about repaying student loans (Scotland) What happens if?
Can anybody tell me what the law is about repayment of student loans what if you are never in the position of being able to repay (in accordance with there rules) Is there any possibility that the loan can be written off?
one loan in 1995 the other in 1996.
(Factual and useful answers only please that are of benefit to all. If you want to be rude please do so elsewhere)
Hi! Unless you earn over £2,000 per month, you’ll never have to pay it off – just keep on deferring by providing employment 3 previous payslips or proof of self-employed income or benefits. They may not send you a form – they’ve done it to me and started taking money out of my account – but ask them for one otherwise. If they do take money out and you’re eligible to defer, you can claim back a month or so. If you keep deferring for long enough, I think they write the debt off after 50 years.
