Student Loans Company appoints new Executive Director, Operations
Chris Larmer appointed as Executive Director, Operations at the Student Loans Company The Student Loans Company (SLC) has appointed Chris Larmer as Executive Director, Operations.…
Student Loans and Finance
What is a Student Loan?
A student loan is a type of financing that assists students in covering post-secondary education costs and associated fees. This financial support includes expenses such as tuition, books, supplies, and living costs.
Several changes will impact student loans in the 2023/2023 academic year.
Is the Repayment Threshold being lowered?
How long do you have to repay your Student Loans?
The next adjustment is scheduled for September 2023 when the repayment timeframe will extend from 30 to 40 years. This extension implies that students will essentially repay their student loans throughout their entire working lives. This resembles more of a graduate tax.
Are Student Loans Interest Free?
The current interest rate on student loans exceeds inflation, but authorities are working to align it with inflation rates, ensuring students won’t incur additional interest in real terms.
What does this mean?
At present, students contribute 56p for every pound, while the country covers the remaining 44p. After implementing these changes, students will contribute 81p for every pound, compared to the state’s 19p.
All this means that many graduates will now be paying double in the new system, moving funding from the taxpayer to the student them self.
The Student Loans Company has been recognised at the National Centre for Diversity (NCD) FREDIE Awards
The Student Loans Company (@SLCComms) has been recognised at the National Centre for Diversity (@NCFDiversity) #FREDIE Awards which champion fairness, respect, equality, diversity, inclusion and…
Student Loans Company – Statistics at SLC
SLC publishes official statistics about the financial support received by students/learners and the progress of student loan balances and repayment. Contents Announcements Forthcoming publications Statistical…
Contact SLC – repayment enquiries
English Cymraeg All the contact details you’ll need to get in touch with the Student Loans Company (SLC) about your student loan repayment. Contents On…
Overseas earnings thresholds for Plan 4 student loans
English Cymraeg You’ll only start repaying your student loan when you earn more than the minimum amount. There are different earnings thresholds for foreign countries.…
Overseas earnings thresholds for postgraduate student loans
English Cymraeg You’ll only start repaying your student loan when you earn more than the minimum amount. There are different earnings thresholds for foreign countries.…
Terms and conditions of student loans
English Cymraeg If you have a student loan, the guide to terms and conditions tells you what you need to do and what to expect…
Student loans: a guide to terms and conditions
A guide describing terms and conditions for students taking out a student loan in academic year 2021 to 2022. Documents Student loans: a guide to…
Overseas earnings thresholds for Plan 1 student loans
English Cymraeg You’ll only start repaying your student loan when you earn more than the minimum amount. There are different earnings thresholds for foreign countries.…
Overseas earnings thresholds for Plan 2 student loans
English Cymraeg You’ll only start repaying your student loan when you earn more than the minimum amount. There are different earnings thresholds for foreign countries.…