Student Loans...

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snowman365

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Post by snowman365 » Sat May 17, 2008 3:54 pm
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I am considering an IVA...part of my debt (about £6,000) is owed to the Student Loans Company...does anyone know:

1. Should I include this debt into the IVA? I am not currently earning enough to have to pay it off, and the Interest Rate is fairly low.

2. Are they likely to accept the proposal?

[:)]
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chris.g

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Post by chris.g » Sat May 17, 2008 3:55 pm
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I'm not sure if you can include student loans in an IVA, know you can't include them in bankruptcy....
xx
It's nice to be back......
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Debt Monkey

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Post by Debt Monkey » Sat May 17, 2008 5:26 pm
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I completely forgot mine when I applied for my IVA, I was accepted and my IP took my salary after student loan so I am paying back my student loan in full but only 26p in the £1 to creditors, seems a little unfair@ Ah well!
DM
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Adam Davies

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Post by Adam Davies » Sat May 17, 2008 5:38 pm
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Hi
Yes include it in your list of creditors.
The student loan company will probably reject but will be bound if you get 75% acceptance[pro rata to debt owed]
Regards
Andam Davies
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