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Trying to find out if my student loan has been written off.

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  • DodgyPast 28 Aug 2008 16:14:48 7,900 posts
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    Going through the application process for the grant for the PGCE and an old bugbear has come back to haunt me.

    I didn't pay off my student loan after I finished my BSc.

    Now to complicate things mine was one of the batch that were sold to Natwest in 1998-1999.

    Even to get a grant you need to say whether you have any outstanding Student Loan repayments.

    The actual loans were from around 1992-1996.

    Obviously a bit nervous about how I answer the questions and whether I should even skip the grant entirely.

    If there is any way I can find out if those debts were written off it would be a great help.
  • BanjoMan 28 Aug 2008 16:16:07 13,730 posts
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    Ring the loan provider.

    PSN: BanjoFett
    XBL: Banjo Fett

  • Tonka 28 Aug 2008 16:17:15 18,260 posts
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    So this is where your name comes from. I feel a bit let down tbh.

    If you can read this you really need to fiddle with your forum settings.

  • FFS 28 Aug 2008 16:17:43 650 posts
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    Your username could not be more fitting. :)

    EDIT: Why does EVERYONE beat me to the gags? WHY?
  • M83J01P97 28 Aug 2008 16:18:39 5,811 posts
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    Umm... pretty sure student loans only ever get written off when you declare yourself bankrupt or pay them off fully.
  • DodgyPast 28 Aug 2008 16:18:58 7,900 posts
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    Oh there is far far worse behind that name, so don't feel let down.

    Surely if I ring the loan provider they'll suddenly know where I am and be able to chase me if they haven't written it off. Hence why I am considering just not applying for the grant which is a lot less than what I owed.
  • L42yB 28 Aug 2008 16:19:01 1,671 posts
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    I can see the conversation now:

    "Hi, I just wanted to check if my student loan has been written off"

    "Oh Hi! We've been looking for you..."

    :)
  • yupyup 28 Aug 2008 16:19:59 3,623 posts
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    I'll pay off your loan if you tell us the real origins of your username!

    Not really

    Hands Off Our Penises

  • BanjoMan 28 Aug 2008 16:20:07 13,730 posts
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    DodgyPast wrote:
    Surely if I ring the loan provider they'll suddenly know where I am and be able to chase me if they haven't written it off. Hence why I am considering just not applying for the grant which is a lot less than what I owed.
    Yep. So the answer to your op is therefore: nope.

    PSN: BanjoFett
    XBL: Banjo Fett

  • FFS 28 Aug 2008 16:20:44 650 posts
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    IIRC student loans are the only thing not written off - as it's a debt to the government much like council tax.
  • Merlinho 28 Aug 2008 16:20:51 5,910 posts
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    They only get written off after 25 years I think. Not sure about the older ones though.

    http://news.bbc.co.uk/1/hi/education/3013272.stm
  • DodgyPast 28 Aug 2008 16:21:36 7,900 posts
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    M83J01P97 wrote:
    Umm... pretty sure student loans only ever get written off when you declare yourself bankrupt or pay them off fully.
    Well this is a different situation as mine were sold by the government to Natwest who went and broke all the agreements regarding how I should go about paying back the debts that I'd made with the SLC.... which is sort of why I didn't feel to guilty about not paying them anything ( yeah... I know not honest )
  • Mr-Brett 28 Aug 2008 16:23:41 11,513 posts
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    I'm pretty sure that if the new loans are not paid back within a certain time (15-20 years I think) they are written off and if you don't earn over 15k a year you don't have to pay.

    So don't earn more than 15k for 15-20 years and your fine :)

    Edit: Merlinho beat me and posted a link, I tip my hat to a worthy adversary.

    Please don't use the delete button, think of the children.

  • espibara 28 Aug 2008 16:24:25 4,012 posts
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    No it wont be written off. Basicly whe you start earning over a certain amount you will have to make minimum payments
  • BanjoMan 28 Aug 2008 16:34:01 13,730 posts
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    Ignoring it just means you'll get shafted for more at a later date.

    PSN: BanjoFett
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  • M83J01P97 28 Aug 2008 16:37:51 5,811 posts
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    Yeah, they can impose fines if you have actively avoided paying off a student loan.
  • L42yB 28 Aug 2008 16:40:03 1,671 posts
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    I have heard that you don't have to pay the student loan back if you leave the country... maybe you should consider emmigration?
  • DodgyPast 28 Aug 2008 16:40:18 7,900 posts
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    Unless I move back out of Europe which I am planning on doing anyway.

    Who would be the best 'professionals' who could give advice in confidence, would even the CAB be able to help?

    I can retrospectively apply for the grant until May 2009 so it's not a mad rush.
  • BanjoMan 28 Aug 2008 16:41:31 13,730 posts
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    CAB would be a good start... they're gonna give you advice on paying that shit off though, rather than how to avoid it.

    PSN: BanjoFett
    XBL: Banjo Fett

  • mrpon 28 Aug 2008 16:42:15 24,426 posts
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    FFS wrote:
    Your username could not be more fitting. :)

    EDIT: Why does EVERYONE beat me to the gags? WHY?
    This is where your username comes from then.

    Give yourself ½ gig or a £, you're worth it.

  • Deleted user 28 August 2008 16:44:20
    Easiest way is to just sign up for a free trial at experian credit check. All debts in your name should be there.

    It's how I discovered one of my debts had been written off.
  • Lutzie 28 Aug 2008 17:19:39 952 posts
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    Gremmi: does it pull up your student loan though? I see to have dropped off the radar on mine... Taken in 1997, paid back for 4 years, then when I changed employeer the payments were never taken. Not heard anything since...
  • Deleted user 28 August 2008 17:22:22
    It pulls up every debt that's currently in your name. My student loan is on mine.
  • DodgyPast 28 Aug 2008 17:27:05 7,900 posts
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    Think that might be worth a go actually.

    Cheers Gremmi.

    There's all sorts of nasty stuff floating about regarding people still being chased for debts from before mine, but I can't find anything regarding the Natwest ones, as not that many debts were sold to them.

    Edit:
    Well according to the report there is nothing outstanding on me at the moment at all.

    It does have my last address known by Natwest in my linked addresses but that's from 2001.

    Not exactly sure what that means though.
  • Lovemoose 28 Aug 2008 18:49:51 999 posts
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    BanjoMan wrote:
    Ignoring it just means you'll get shafted for more at a later date.
    This.

    I speak from bitter experience. Mine got shifted to their collection agency after they lost track of me. Advice to future (and present) students: don't let this happen - it's much cheaper to pay back the normal way.

    twitter: @chockey

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