At the moment, the rules vary depending on when you started university:

If you started university between 1998 and 2006 – your loan is currently wiped when you reach 65.

– your loan is currently wiped when you reach 65. If you started university after 2006 – your loan is currently wiped 35 years following the April after you graduated.

But an amendment to Scotland's student loan regulations means that from December:

If you started university between 1998 and 2006 – your loan will be wiped when you reach 65 or 30 years from the April after you graduated – whichever is sooner.

– your loan will be wiped when you reach 65 or 30 years from the April after you graduated – whichever is sooner. If you started university after 2006 – your loan will be wiped 30 years following the April after you graduated.

The rule change, which was widely expected to be put into law this year, was rubber stamped by members of the Scottish Parliament yesterday.

Are you wondering: Should I repay my student loan? See Martin's guide.