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.
