Return to: www.slc.co.uk
Government policy on student finance is set by the Department for Business, Innovation and Skills (for England) and the Education Departments of Scotland, Wales and Northern Ireland.
It is the Student Loans Company's role to undertake the
administration and processing involved in the payment of loans and
grants to students, and the payment of tuition fees to higher and
further education institutions. In doing so, the Student Loans
Company provides a broad range of products and services to
education funding in the UK and EU.
Repayment of student loans is a shared responsibility between
SLC and Her Majesty's
Revenue & Customs (HMRC). We undertake account maintenance
and communication with borrowers in repayment, and collection is
undertaken by HMRC through the PAYE process.
The system of collection is known as Income Contingent Repayment (ICR).
more on how student loans are repaid, write-off terms, loan
cancellation and how the interest rate is applied to a loan.
delivered by the Student Loans Company