§ Mr. BoswellTo ask the Secretary of State for Education and Skills what plans he has to modify the age cap on loans for mature students following his decision to introduce a 25-year cut-off period for student loans. [151113]
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§ Alan JohnsonThe age limit is 50 for eligible students meeting the residence requirements. Those aged 50 to 54 at the start of their course can also apply for a student loan provided that they plan to return to work after finishing their course. We have no plans to change these age limits for mature students.
Outstanding loans for mature students are already cancelled when a borrower reaches the age of 65, and we have no plans to change that age limit. Putting a 25-year cap on the loan repayment period allows outstanding loan amounts to be written off after 25 years or age 65, whichever is the earlier.