Source: United Kingdom – Executive Government & Departments
By Jackie Currie, SLC Executive Director, Business Operations
At the Student Loans Company, we remain at the forefront of supporting the education sector by providing trusted, transparent, and accessible student finance services. SLC enables more than 1.5 million students each year to invest in their futures by providing financial support to access further and higher education. And we have marked another significant milestone in the 24/25 delivery of student finance to the education sector, paying more than £2 billion pounds in tuition fees to higher education colleges and universities this week.
On Wednesday, 16 October, we paid £2.3 billion in tuition fees to education providers on behalf of almost students. This follows the almost £3 billion that was paid in maintenance loans to students since the start of academic term in September.
In total, SLC has paid over £5 billion* in student finance in the 24/25 year so far.
Currently, our primary focus is on providing additional financial support to students who applied after the deadlines and have received the minimum level of student finance. We’re also processing application from students who are still applying and for those on courses starting in January.
Where a student applied late for funding, we awarded the minimum maintenance loan and their tuition fee loan to ensure they had funding to start their term, their remaining funding is paid to them as a top-up payment once all necessary application details are confirmed.
For students who are still applying for their finance, or yet to apply such as those starting courses in January there’s a range of advice on applying at: https://www.gov.uk/government/news/students-from-england-can-find-answers-to-their-questions–2
*Please note these are provisional figures. Full year figures are published in our Student Support for Higher Education statistical release which will be published on 28 November 2024.