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The Latest Breaking News from the Student Loans Company

Student Loan Scam Warning: Fraudsters Target Students With Fake Messages to Steal Maintenance Payments

UK students are targeted by a scam exploiting anxiety over bank details to steal maintenance loan payments. Fraudsters use fake communications to redirect funds, affecting over 1,100 students last year.

International Business Times UK

Next chancellor must scrap student loans three-year threshold freeze, MPs say

Ministers are facing criticism for how they have handled repayment terms for graduates, in particular those with so-called ‘plan 2’ loans

The Independent UK

71,000 Graduates Given Wrong Student Loan Balances After HMRC Error: Who Gets a Refund?

Approximately 71,000 UK graduates received incorrect student loan balances due to errors by the Student Loans Company and HMRC. Affected borrowers will have their balances corrected without needing to take action.

International Business Times UK

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UK Student Loans Company Is Trying to Trace 121,000 Borrowers Worldwide Owing £3.4 Billion

The Student Loans Company is tracing over 121,000 overseas borrowers who owe £3.4 billion, as their income and residency details are unknown, complicating repayment assessments.

International Business Times UK

London university launches legal action after government clawback on loans

Around 22,000 students studying weekend-only courses are being asked to repay their loans as soon as possible

Evening Standard

Nine universities launch legal action against government over student loan error

The universities have condemned the ‘abrupt’ decision to make students repay maintenance loans

The Independent UK

Martin Lewis: 5 Million Brits Could Be Owed £100s in Student Loan Refunds

Martin Lewis highlights a payroll system flaw causing millions of UK graduates to overpay student loans, potentially missing out on hundreds of pounds in refunds.

International Business Times UK

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

The maximum amount students in the UK can borrow for a maintenance loan depends on where they live

The Independent UK

Biggest student loan on records nearly £300,000 as 2.6m people owe over £50,000

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

Evening Standard

UK Government-owned non-profit has over £1.4m contract with IDF-linked firm

THE Student Loans Company is under fire for having an open public contract with an Israeli firm with ties to the Israeli Defence Forces (IDF) ...

The National (Scotland)

Revealed: London university named among worst for student loan fraud in leaked report

The Student Loans Company has identified 543 fraudulent applications, amounting to £6.2 million, from students linked to University of West London

Evening Standard

Fraudulent student loan claims under investigation after TikTok videos encourage false applications

At least £3.7m of fraudulent student loan claims were identified last year, according to reports

The Independent UK

Probe into potential exploitation in university loans system under way

It follows a Sunday Times probe which reports students with ‘no academic intent’ are suspected of fraudulently claiming millions of pounds.

Evening Standard

Graduate owed nearly £50,000 in student loan overpayments, figures show

The Student Loans Company said it has repeatedly contacted customers who are owed ‘exceptional credit balances’.

Evening Standard

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Evening Standard

'I owe almost £100k – the system is rigged': meet the young people crippled by student loans

A recent report found that almost two million UK graduates owe £50,000 or more in student loans. Emma Loffhagen speaks to young people struggling to pay their extortionate debts

International Business Times UK

Authorities Investigate £60 Million Student Loan Scam Targeting Higher Education Funding

The illicit scheme allegedly involves the creation of fake student identities and the manipulation of loan disbursements.

Evening Standard

OPINION - Everything I need for work I learned on the job — my degree was a waste of cash

In my last job, £258 of every paycheque was syphoned off to the Student Loans Company. Now that I’ve gone freelance, I sometimes have palpitations about the chunk of money I’ll have to hand over to cover the debt come tax return time.

The Independent UK

Hundreds of thousands of graduates owed refunds after making ‘incorrect’ student loan repayments

Total value of incorrect payments exceeds £100m

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Chronicle Live

Changes made to student loans guidance after Martin Lewis calls for 'urgent correction'

Martin warned that students could have missed out on 'thousands of pounds of support' as a result of the 'false and misleading' information

People

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