Student loans and grants face delays again this year

Story link: Student loans and grants face delays again this year

A report published by the National Audit Office (NAO) has warned the student loans and grants system is at “substantial” risk of being hit by delays again in 2010.

The student loans system plunged into crisis after the Student Loans Company (SLC) acquired the processing system of all England’s student applications for grants and loans for the academic year 2009-10 from local authorities.

Ministers thought a centralised service would be more cost efficient in the long-term but has since ordered a “health check” of the firm’s capacity to deliver.

http://www.financemarkets.co.uk/2010/03/19/student-loans-company-provided-%e2%80%9cunacceptable%e2%80%9d-service-say-nao/