SLC Confident On Student Loan Applications

Fri, 20 Aug 2010

The Student Loans Company is confident that all student finance applications will be processed in time for the start of the 2010/11 academic year, and that they will be no repeat of last year's delays.

The SLC says it has already received 80 per cent of the loan applications it expected for 2010 and claims to have already approved over 60 per cent of those, which is a vast improvement on last year when only 46 per cent of applications had been processed by the beginning of the academic year.

Of the remaining applications, the group says 15 per cent are waiting for further evidence and the rest were still being processed

It said it was "very confident" that most students who applied before the deadline would receive their loan payments "three to five working days" after registering at university .

In March, a report from the National Audit Office warned there was a "substantial risk" that students would face a repeat of last summer’s problems, which were caused by the collapse of the SLC’s processing system.

Delays in processing applications meant hundreds of thousands of students across England were left without necessary funding for the start of their higher education courses.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.