Student Loans Company to make record number of payments

Over £2billion will be paid to over one million students

The Student Loans Company (SLC) has confirmed it is planning to make a record number of payouts in the coming academic year.

Chris Larmer, executive director for operations at SLC, said the publicly-owned body was preparing to make student finance payments of over £2billion to over one million students in the coming weeks.

Despite a record number of student finance applications this year, students have been assured the SLC “are working hard to ensure that the first Maintenance Loan payments are received by term start, or as close to term start as possible”.

This week it was announced the SLC would be overseeing “flexible” new loans for shorter courses, in a trial this autumn with the Department for Education (DfE) and the Office for Students – the first step on the government’s route to implementing flexible lifelong learning entitlements (LLE).

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