The Student Loans Company, administers government-funded loans and grants to students throughout the United Kingdom. We are responsible, in partnership with Local Authorities in England and Wales, the Student Awards Agency for Scotland, the Education and Library boards in Northern Ireland, the Higher Education Institutions and HM Revenue & Customs, for student support delivery in the UK.
Our primary roles are to:
- Deliver financial support to eligible students pursuing higher education;
- Pay to Higher Education Institutions the public contribution towards tuition fees for England, Wales and Northern Ireland;
- Supply information needed by HM Revenue & Customs (HMRC) to ensure repayments are collected on time from all those due to repay under the Income Contingent Repayment Loan Scheme;
- Manage the direct collection of repayments for loans granted under the former Mortgage Style Loan Scheme.
We undertake specific tasks for individual Devolved Administrations, such as payment of Education Maintenance Allowances, and administer on behalf of the private sector, one of the two student loan portfolios sold by the Government.
In addition, we carry out the administration and payment of bursaries and scholarships to higher education institutions throughout the UK.
