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The Student Loans Company ( SLC) is an executive non-departmental public body company in the United Kingdom that provides student loans. It is owned by the UK Government 's Department for Education (85%), the Scottish Government (5%), the Welsh Government (5%) and the Northern Ireland Executive (5%). [1] The SLC is funded entirely by the UK ...
Higher Education Act 2004. The Higher Education Act 2004 increased tuition fees from £1,000 to a maximum of £3,000. By the 2005/6 academic year, the SLC was providing £2.79 billion in loans to 1,080,000 students. Those starting university in 2006 were the first to pay £3000 a year rather than £1000.
It comes after a National Audit Office report found that 53% of the £4.1 million fraud detected by the Student Loans Company (SLC) was at franchised higher education providers in England in 2022/23.
The designation was restored for the 2014–2015-year, and by the end of that year, St Patrick's had 6,668 students claiming £25.3 million in tuition loans from the Student Loans Company. It had become the biggest private higher education provider in England in terms of the number of students claiming SLC loans.
The data was released by the Student Loans Company (SLC) following a BBC Freedom of Information (FOI) request. SLC says graduates in England leave university with average debts of £44,940.
The graduate with the most unpaid student debt in the UK owes more than £231,000, while another loan holder racked up interest exceeding £50,000, according to new data.
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