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. And
we have marked another significant milestone in the 23/24
delivery of student finance to the education sector, paying more
than £2 billion pounds in tuition fees to higher education
colleges and universities this past week.
On Wednesday, 18 October, we paid £2.06 billion in tuition fees
to education providers on behalf of almost one million 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, I am pleased to report that we’ve paid over £5 billion*
in student finance in the 23/24 year so far.
We take our role as the UK Government’s delivery partner of
student finance very seriously as we know it’s an essential
service to the daily lives of students, as well as giving
financial stability to the wider sector. And even though the
academic year is well underway, there’s no downtime for SLC, as
we are already looking ahead to January payments and gearing up
to deliver the launch of the 24/25 academic year’s application
services.
*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 30 November 2023.
