Erudio mortgage style student loan - when will they be wiped?

[Dee77]

After googling and finding a range of differing information, I was wondering if someone could confirm whether an mortgage style loan from Erudio Stufeht loans will ever be wiped?

I’ve deferred every year as I’ve never earned above the threshold to pay. My loans began in 96 and end in 98. 

I read that they are no longer wiped after 25 yrs, but wanted to confirm if that was true and if there are other circumstances under which they are wiped?

 

Thanks in advance.

[unclebulgaria67]

The original terms of your loan will still apply.  Nothing changed when the loans were sold.

 

If you don't have the original paperwork, then contact student loans.

 

I just don't think Erudio are contacting people when any write off period is reached.

[brassnecked]

Last one should be written off in 2023, and you have deferred every year so should be no excuse for Erudio not to do so make sure you have a record of every deferrment you made

[dx100uk]

25yrs or aged 50.

 

though erudio will scam you and say you had arrears and block it.

 

dx

 

 

[Dee77]

Ok thank you. I don’t have original paperwork and feel like Erudio will avoid supplying it, even if they meant to!

 

I guess I’ll just see what happens next year- but have a feeling it won’t end and I’ll be deferring until the day I die! 
 

Thank you for giving me a glimmer of hope that it may not be the case though. 

[dx100uk]

ive moved you to the SLC forum

100's of threads here.

 

you should be able to see/get everything if you log in to the SLC website portal.

 

When are outstanding loans wiped?

HIGHER EDUCATION START DATE	AGE AT WHICH LOAN IS WIPED	DEATH	UNFITNESS TO WORK
1990 – 1997  (If aged under 40) (1)	Earlier of 25 years after your first payment of your last loan agreement (usually the start of your final year), or when you reach age 50	Yes	Yes
1990 – 1997  (If aged 40+) (1)	When you reach age 60	Yes	Yes
1998 – 2005 (1998 – 2006 in Scotland)	When you reach age 65 (In Dec 2018, this was changed to the earlier of “when you reach age 65 or 30 years from the April you graduated” - Scotland only)	Yes	Yes
2006 – 2011	25 years from the first April of graduation (when you were first due to repay)	Yes	Yes
2007 – 2011 (Scotland)	35 years (in Dec 2018, the good news is this was reduced to 30 years) from the first April of graduation (when you were first due to repay)	Yes	Yes
2012+	England & Wales: 30 years from the first April after graduation (when you were first due to repay)   Scotland: 35 years (in Dec 2018, the good news is this was reduced to 30 years) from the first April of graduation (when you were first due to repay)   NI: 25 years from the first April of graduation (when you were first due to repay)	Yes	Yes
(1) This is the age you were when your last agreement for a loan was made – usually your last year of study.

 

 

 

[Dee77]

Thank you, I really appreciate your work and help dx100uk!

[dx100uk]

just clarify the above which is not IMHO 1000% accurate.

 

12.  The lender will cancel the borrower’s liability to repay the loan if the borrower—

(a)dies,

(b)is not behind on any repayments under any agreement for a student loan and—

(i)was under the age of 40 when his last agreement for a student loan was made and he reaches the age of 50 or when the last agreement for a student loan has been outstanding for not less than 25 years, whichever is the sooner, or

(ii)was aged 40 or older when his last agreement for a student loan was made and he reaches the age of 60, or

(c)if the borrower can show the lender that he gets a disability related benefit and because of his disability is permanently unfit for work.

[patterns]

This is exactly what is on my terms, original are illegible but i have a reconstituted version

 

But i also saw the above online so was confused, mine definitely says this though

 

original terms of old style SL if anyone needs

Scannable Document on 3 Nov 2022 at 18_51_18.pdf

Edited November 3, 2022 by dx100uk
unnecessary previous post quote removed