If your interest is deleted, you can defer repayment during the same period
If you have used up your deferrals, your repayments during periods for which your interest has been deleted could still be deferred.
We have several schemes for you
The deletion of interest means that interest that has already been added to your loan will be deleted. So you cannot apply to stop interest being added in the future. In order to be entitled to have interest deleted, your circumstances must be approved for the deletion of interest and you must have an income that is below our threshold.
Application deadline for the deletion of interest
You can apply for interest to be deleted, backdated for up to three years. In other words, if you apply during the course of 2023, the deletion of interest can be backdated to 1 January 2020.
You can defer repayment during periods for which your interest has been deleted
You can also defer repayments without using your quota of 36 deferrals during periods for which your interest is deleted. This means that the deferments that you have used will be deleted when you are subsequently granted the deletion of interest.
Have you used up all your repayment deferrals?
If you have used 36 deferrals, you may be entitled to more if you are likely to have your interest deleted for the same period. In order to be granted more repayment deferrals, you must first apply for the deletion of interest and then apply for repayment deferral.