Partial cancellations
Eligible Welsh-domiciled students who have taken out a maintenance loan since 2010/11 may be able to have up to £1,500 of the loan cancelled when they reach the point when they begin making repayments.
1The Cancellation of Student Loans for Living Costs Liability (Wales) Regulations 2020 This cancellation can only be applied once, and is not multiplied by the number of academic years in which you took out a loan. If the balance of your loan is less than £1,500, the cancellation is equal to the loan balance less the first repayment you make.
Note: cancellation is not automatic and you should speak to the Student Loans Company to ensure it is applied; a manual payment of at least £5 is required.
If you have any outstanding penalties or charges on your loan, are in breach of your loan agreement or ’are shown by your conduct to be unfit to receive a cancellation’, it will be refused. You might be considered ’unfit’ if, for example, you provided false information when applying for the loan.
See for more details.