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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.
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 ...
A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still ...
The highest debt known to the Student Loan Company now stands at more than £250,000 [BBC] Almost 1.8 million people are now in at least £50,000 of UK student debt, data obtained by BBC News reveals.
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.
On average each student who began repayment of their loan in 2024 owed about £25,700. That is according to figures from the Student Loans Company (SLC), which manages loans in the UK.
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