Hello
A student loan can be included in an IVA, however the Student Loans Company have specific dividend criteria (i.e. they need a minimum dividend of (currently) 40p/£) in order to accept and IVA proposal.
A Student Loan is not provable in bankruptcy - this means if you were made bankrupt the Student Loans Company would not be able to submit a claim and you would still be liable for the loan after you were made bankrupt.
This is why they have strict criteria for accepting IVAs.
If you speak to an insolvency practitioner they will be able to advise you on the basis of your individual circumstances. If the Student Loans Company are not a large creditor then their vote may not affect the outcome at the creditors meeting - you could get the IVA approved even if they reject, but if they are one of your main creditors then their vote would count and you would therefore need to meet their requirements.
Hope this helps
AccumaGroup - A large insolvency practitioner service based in Manchester.
www.accumagroup.com