play_arrow

keyboard_arrow_right

skip_previous play_arrow skip_next
00:00 00:00
playlist_play chevron_left
chevron_left
  • cover play_arrow

    Holiday Radio Holiday Radio

News

Student loan overpayments of nearly 19m go unclaimed over five year period

todayMay 5, 2021

Background
share close

Student loan overpayments of nearly £19m go unclaimed over five-year period

That’s according to data from Research Professional News

Nearly £19 million in student loan over-payments has been held by the Government over the last five years unclaimed by graduates.

Just under 60,000 former students in England overpaid on their student loans since 2015-16 and are owed refunds, averaging more than £300 per person, according to data from the Student Loans Company.

The figures, obtained by Research Professional News, show nearly £18.4 million of over-payments on student loans in England has not yet been refunded to graduates’ bank accounts.

The SLC said it has introduced a new online repayment service over the past two years to make it easier for customers to manage their student loans and help avoid over-repayment.

The data, which was obtained under the Freedom of Information Act, shows that between 2015-16 and 2019-20 a total of £18,353,028 was not refunded.

The figures also show that, between these years, 58,950 people had not claimed their refunds.

Published: by Radio NewsHub

Written by: Holiday Radio News Team

Rate it

Previous post

News

Facebook and YouTube agree to strengthen anti piracy measures

Twitter were also part of the discussions Facebook and YouTube have agreed to several anti-piracy measures in a move described by the creative industry as the “staging post, rather than the conclusion”. The pair have been engaged in Government-backed roundtable talks with bodies including the Publishers Association, the English Premier League and UK record labels association, the BPI, over the matter for the past two years. Among the bolstered action, […]

todayMay 5, 2021


0%