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In 2024 the BBC estimated that around 1,8 million people in the UK are now in £50,000 or more in student debt stating upwards of 61,000 have balances of above £100,000, citing figures from the Student Loans Company (SLC) and stated another 50 people each owe upwards of £200,000.
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 ...
In Wales tuition fees are capped at £9,250 [ 63] for all UK students as of September 2024, having increased by £250 from the previous £9,000. Welsh students may apply for a non-means tested tuition fee loan to cover 100 per cent of tuition fee costs wherever they choose to study in the UK.
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.
Someone with a student loan balance of £45,000 would reduce their accumulating interest by around £210 per month under the newly-announced rates compared to 12% interest rates, the department added.
Starting with 1999-2000, maintenance grants for living expenses would also be replaced with loans and paid back at a rate of 9 per cent of a graduate's income above £10,000. [11] All loans would be government funded and administered by the Student Loans Company, the organisation responsible for administering loans throughout the UK. [14] [note 2]
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Welsh sixth-form uni applications lowest in UK. Everything you need to know about student loans. ... "We have raised the fee limit for full-time higher education courses in Wales to £9,250 to ...
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