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    I've heard from a couple of people now that after 25 years your entire unpaid student loan debts are wiped clean, really?:eek: :eek3:

    so I pay 9% on anything over £15,000 a year I earn? so if I earned only £16,000 a year I would only pay a maximum of £2,250??? that sounds like an insanely good deal
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    No the govt changed the rules in 2006, it is now written off after 35 years.
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    (Original post by dreamsofubuntu)
    I've heard from a couple of people now that after 25 years your entire unpaid student loan debts are wiped clean, really?:eek: :eek3:

    so I pay 9% on anything over £15,000 a year I earn? so if I earned only £16,000 a year I would only pay a maximum of £2,250??? that sounds like an insanely good deal
    I don't know about you, but still being on 16k a year 25 years after I've graduated doesn't sound like an 'insanely good deal' to me.
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    (Original post by Y__)
    I don't know about you, but still being on 16k a year 25 years after I've graduated doesn't sound like an 'insanely good deal' to me.
    This.

    They are paying it back to you because, in monetary terms, you may as well have not gone to uni.
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    (Original post by Y__)
    I don't know about you, but still being on 16k a year 25 years after I've graduated doesn't sound like an 'insanely good deal' to me.
    well it does to me too but it was just an example:rolleyes:


    so it's 35 years now?
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    (Original post by hypocriticaljap)
    No the govt changed the rules in 2006, it is now written off after 35 years.
    Not true - before 2006 it was when you reached 65 then in 2006 it changed to after 25 years. It has not changed again since except in Scotland where it is 35 years.

    See: http://www.slc.co.uk/about%20student...off_terms.html
 
 
 
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