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The Independent UK
The Independent UK
Business
Vicky Shaw

Highest student loan balance nears £300,000 as millions owe over £50,000

CompareMarket SLC the Student Loans Company
The highest student loan balance on record was £299,645, according to data obtained by Compare the Market from the Student Loans Company -

More than 2.6 million people in the UK are grappling with student loan debts exceeding £50,000, according to new figures from the Student Loans Company (SLC).

Data obtained by Compare the Market through a Freedom of Information (FOI) request revealed that as of August 10 this year, a total of 2,652,997 student loan customers had an outstanding balance greater than £50,000. The highest individual student loan balance recorded stood at £299,645.

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