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The SLC's remaining mortgage-style loans, for which payments were mostly in arrears, were sold to a consortium, Erudio Student Loans, in 2013 for £160m. [5] In 2014, the government indicated that under the Sale of Student Loans Act 2008, it would start selling the SLC's £12bn book of 1998 - 2012 ICR loans to improve the UK public finances. [6]
Student loans and grants in the United Kingdom are primarily provided by the government through the Student Loans Company (SLC), an executive non-departmental public body. The SLC is responsible for Student Finance England and Student Finance Wales, and is a delivery partner of Student Finance NI and the Student Awards Agency for Scotland.
www .saas .gov .uk. Student Awards Agency Scotland ( SAAS) ( Scottish Gaelic: Buidheann-tabhartais Oileanach na h-Alba) is an executive agency of the Scottish Government. It supports eligible Scottish students by paying their tuition fees, as well as offering bursaries and supplementary grants. It also assesses students applying for loans.
This year, students in England will be able to borrow up to £10,227 a year for a maintenance loan if living in the UK, outside London and away from their parents. This increases to £13,348 in ...
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The Student Loans Company (SLC) that manages student loans for students studying in the UK makes sure that the repayment of loans only begins after the student has left higher education and is earning over a threshold of: £18,330 for Plan 1 loans: (Scotland and Northern Ireland) & (England and Wales for loans taken before 1 September 2012)
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Website. www .erudiostudentloans .co .uk. Erudio Student Loans is a consortium formed by debt collectors Arrow Global and private equity firm CarVal Investors in 2013. The firm was the successful bidder in an auction to buy non-performing U.K. student loans in 2013, paying £160m to buy debts of £890m taken out between 1990 and 1998.
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