Uk student loans company 2025

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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 Governments Department for Education (85%), the Scottish Government (5%), the Welsh Government (5%) and the Northern Ireland Executive (5%).
The loan is paid directly into your bank account at the start of each term. You have to pay the loan back. If youre a distance learning student, you can only apply for a Maintenance Loan if you cannot attend your course in person because of a disability.
SLC is owned by the Secretary of State for Education, the Scottish Ministers, the Welsh Ministers and the Minister for the Economy in Northern Ireland. It is entirely government-funded and non-profit making.
Can my loan be written off? Any loan you still owe 40 years after your repayments were due will be written off. Also, if you can prove you are permanently unfit to work, your loan may be written off. Contact us for advice if you think your loan should have been written off but has not been.
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People also ask

Student loans in the U.S. are generally either owned by the federal government or financial institutions. The federal government fully guarantees almost all student loans. Some student loans are held by agencies like Sallie Mae or a third-party loan servicing company.
We are a non-profit making government-owned organisation that administers loans and grants to students in colleges and universities in the UK. SLC is an executive non-departmental public body, sponsored by the Department for Education.
What we do. We are a non-profit making government-owned organisation that administers loans and grants to students in colleges and universities in the UK. SLC is an executive non-departmental public body, sponsored by the Department for Education.

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