Where can I find out more about student loan repayments?
⚠️ Please note that sometimes links from this website will go directly to our main Low Incomes Tax Reform Group’s (LITRG) website.
Our factsheet summarises how you can repay your student loans if you are on a Plan 1 or Plan 2 loan.
There is information on GOV.UK about the repayment of different types of loans.
GOV.UK has a section on student finance explaining what loans you may be eligible to apply for.
When are loans written off?
This depends on the loan type, where the borrower lived when they took out the loan and when the course started. Loans are written off on death and there is discretion to write off loans earlier if the borrower receives a disability-related benefit and is permanently unable to work (there is more information about this on GOV.UK).
|Type of loan||When is loan written off?|
|Plan 1||The conditions are complex and you should consult the Student Loans Company’s website|
|Plan 2||30 years after it becomes eligible to be repaid|
|Postgraduate (England and Wales)||30 years after it becomes eligible to be repaid|
What to do when the borrower dies
Unfortunately, student loans are not covered by the government’s Tell Us Once scheme and you will need to inform the SLC of a borrower’s death to cancel their student loan. There is more information on this on GOV.UK and for general help on tax-related duties in the bereavement tax guide on our main LITRG website.