The information on this page only applies to you if you received a Maintenance Loan from Student Finance Wales in academic year 2010/11 or 2011/12.
Am I eligible for partial cancellation of Maintenance Loan?
If you took out a Maintenance Loan in academic year 2010/11 or 2011/12 from Student Finance Wales, the Welsh Government may provide you with a partial cancellation of up to £1,500. The reduction will be applied to the balance of your student loan by the SLC when you start repaying.
Example 1
If you took out £3,000 Maintenance Loan in 2010/11 or 2011/12 and your first repayment to us is £50, we would cancel £1,500 of your outstanding student loan debt.
Example 2
If you took out £1,200 Maintenance Loan in 2010/11 or 2011/12 and your first repayment to us is £5, we would cancel £1,195 of your outstanding student loan debt.
http://www.studentloanrepayment.co.uk/portal/page?_pageid=93,6678622&_dad=portal&_schema=PORTAL
Fantastic deal for anybody out there who wants to wipe off a large amount of their current debt right now.