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Student Loans

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Has anyone found that there STudent Loan fell under the "unenforceable" category.


DOes anyone know if Student Loans taken before April 2006 have a chance of bieng "unenforceable"?


Many Thanks.

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Student loan agreements are simple contracts

and this gives the Student Loans Company

(SLC) six years from the date you last paid or

acknowledged the debt to go to court to

enforce the agreement. There are two sorts of

student loans and different rules apply

depending upon when you took out the loan.


Old style student loans

Old style or ‘mortgage’ student loans are

consumer credit agreements. Payments cannot

automatically be deducted from your wages.

The SLC has to go to court before they can

enforce the debt against you. This means that

the Limitation Act can apply if you have not

paid or acknowledged the debt for over six




Asking for the loan to be deferred could

count as acknowledging the debt and start time

running again.

New style student loans

From September 1998 new style or ‘income

contingent’ student loans include rules to say

that repayments will be automatically deducted

directly from your wages or through your tax

return if you are self-employed. This means

that the SLC are still allowed to take money

from your wages for a loan over six years old

as they do not have to go to court to do so.


Also check out http://consumeractiongroup.co.uk/forum/students/

Edited by cerberusalert

Anthrax alert at debt collectors caused by box of doughnuts


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