VIAA: 390 state study loans written off last year, debt collection continues in 186 cases

According to the published annual report of the State Education Development Agency (VIAA), 390 state study and student loans were written off in the previous year. The report also indicates that debt collection continued in 186 cases.

Each year, VIAA collects information on the administration of state-supported study loans. The newly released data provides an overview of how many loan cases were closed through write-off and in how many cases collection procedures are still in progress.

A write-off typically means that the borrower is no longer required to repay the debt, whereas in collection cases the lender is still attempting to recover the funds. The specific reasons why individual loans were cancelled or why certain cases remain open are not detailed separately in the report. The published information reflects only the overall administrative picture in the state study loan system.